Identify a useful tool for monitoring accounts receivable.

Question

Quizplus · Accepted Answer

The accounts receivable aging report is the most useful tool for monitoring accounts receivable as it provides a breakdown of outstanding invoices by their age, allowing businesses to identify overdue invoices and take appropriate action to follow up with customers and collect payment. The other options listed may also be useful in managing accounts receivable, but the aging report is the most essential.

Identify a Useful Tool for Monitoring Accounts Receivable