The procedures used by a company to collect overdue or delinquent accounts receivable are called

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The procedures used by a company to collect overdue or delinquent accounts receivable are called collection policy. A collection policy outlines how and when the company will follow up with customers who have outstanding balances. It includes strategies such as sending reminders, making phone calls, offering payment plans, or working with a collection agency.

The Procedures Used by a Company to Collect Overdue or Delinquent