The B/AR/CR process completes the order to cash process by accomplishing the activities of billing customers, managing customer accounts, and securing payment for goods and services.

Question

Quizplus · Accepted Answer

This statement is correct. The B/AR/CR process stands for Billing/Accounts Receivable/Collections process, which is a critical component of the order to cash process. It involves creating invoices, sending them to customers, tracking payments, managing customer accounts, and follow-up on any outstanding payments. Ultimately, the objective of this process is to ensure timely payment and maintain healthy cash flow for the business.

The B/AR/CR Process Completes the Order to Cash Process by Accomplishing