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AR account setup for generic customers
11-11-2010, 12:15 PM
Post: #1
AR account setup for generic customers
Hi,

Our billings are outsourced to a third party, who handles our individual AR accounts on behalf of our company, but it doesn¡¯t have any liability of paying our company for invoices or bad debts, customers pay into our company's bank account directly. Our project team is intending to set up the third party/billing processor as the Payer under the AR module of our new accounting system because our company doesn't deal with individual customers, which means we can't set up individual AR accounts for each customer.
Anybody out there is an AR MRD expert, who can answer me on this MRD setup question? Is it a valid AR setup from legal/fiscal perspective? Set up our billing processor as the AR payer for the account the company is actually not responsible?

Thanks a lot in advance!

Ying
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12-08-2010, 01:22 AM
Post: #2
 
give some more detail about how you receive orders and how you fulfill thses orders and are you legally restricted from dealing with public?
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