Policies and Procedures

Accounts Receivable Polices and Procedures

The State Department of Administration has established policies and procedures to be followed by all state agencies in the management, collection and reporting of accounts receivable.

As used in this chapter, "accounts receivable" refers to amounts due from federal, state or local governmental agencies, from other funds within the same agency, and from firms, individuals or others which have been billed as a result of regular business transactions. Amounts covered by Interdepartmental Vouchers (IFVs) need not be included as receivables, even though the IFV credit has not yet appeared on the monthly departmental FIS statement.