What is the mechanism a company uses to track Accounts Receivable to ensure company's pay on time?

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The mechanism a company uses to track Accounts Receivable to ensure company's pay on time is the Accounts Receivable Aging Report. This report shows the status of all receivables, including the age of the receivables and whether they are current, past due, or delinquent. By regularly reviewing this report, a company can identify any overdue payments and take action to follow up with customers and ensure timely payment.

What Is the Mechanism a Company Uses to Track Accounts