Can you please supply information about AR inter-company A/R outstanding items and the rules and policies for those?

Mike Iverson, Financial Operations Networks' chief financial officer, says in general, you would use the same approach as you do when working to collect outstanding balances from an arm's length customer who is outside your organization. However, your approach would depend on management's view about collecting inter-company balances. Management should drive the policies and define what is considered an acceptably amount of time to pay a balance among "sister" companies.

Have more questions? Submit a request


Please sign in to leave a comment.
Powered by Zendesk