Collections Policy: Past Due Balances, Discounts, and Write-Offs

Collections Policy: Past Due Balances, Discounts, and Write-Offs

As a firm, we must accurately forecast and manage our write-offs. This policy is designed to create a fluid communication tool between the finance team, accounts receivable department, the practicing attorneys, and the Board/CEO (who determine the budget) so that all teams can maximize collections in collaboration to meet budget.


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