Office of Budget and Finance
Procedures for Reviewing Accounts Receivable
YEAR END
Step | Responsible Responsible Position Frequency Office | Procedure | |
1 |
Each Business Officer Department | Year End | Send year-end accounts receivable aging report and reconciliation to Budget & Finance. |
2 | Budget & Finance Financial Specialist Office | Year End | Review aging reports for reasonableness. Prepare year-end journal entry to record accounts receivable |
3
| Budget & Finance Assistant Director Office | Year End | Forward year-end journal entry to Controller’s Office for posting. |
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