Process Periodic Review of Collection Actions
sd Process Periodic Review of Collection Actions
:Card Collections
Evaluate Broken Promise to Pay
Negotiate Payment Terms with Customer
Evaluate Promise to Pay and Payment Terms
Reassess Collection Strategy
Assess Acount for Write Off
:Credit Card
Get Outstanding Balance and Payment Information
:Correspondence
Confirm Payment Terms to Customer
Record Receipt of Payment
Transfer Claim to External Collection Agency
Write-off Outstanding Balance
:Account Recovery
:Card Collections
Start Review of Collection Actions for Card
:Credit Card Position
Keeping
If Still Arrears
If Payment Received
1 transaction
Credit Card Transaction
Credit Card Transaction
Execution
:Financial Accounting
Create Transaction for Write Off
Execute Transaction
Record Debit Booking for Intermediate Account
Record Credit Booking for Card Account
Update GL Accounts for Write Off
Transfer Claim
Get Bookings for Specified Period