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Accounts Receivable Process

START. New Project / Signed Contract. Accounts Receivable Process. Collect 50% deposit in the form of check or credit card. SAMPLE. Deposit check into banking account or Process Credit Card. Did Check Bounce or Credit Card Declined?. YES. NO.

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Accounts Receivable Process

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  1. START New Project / Signed Contract Accounts Receivable Process Collect 50% deposit in the form of check or credit card SAMPLE Deposit check into banking account or Process Credit Card Did Check Bounce or Credit Card Declined? YES NO If check, discontinue design work to seek alternative means of payment. If credit card, call client and attempt to collect new or correct info. Do design work. Submit invoice for final 50% payment. Did client pay within the 30 day period? Are you now able to collect the payment? YES NO YES NO Production involved? Proceed to COLLECTIONS. Discontinue work. YES NO More Processes Available at The Process Shop. www.EQBsystems.com/smallbusinessprocesses.html Get More Tips on Twitter: @EquilibriaInc END Send quote with markup to client. END Did client pay upfront? NO Do not continue until client pays. YES Deposit or Process Payment.

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