The next step will be to check your receivables to ensure that all overdue bills have been accurately recorded. The sum of money owed to your company by clients who still need to pay their invoices is called accounts receivable.

Make sure to track down any past-due payments and correctly record them. Also, consider reminding customers or following up if they have unpaid amounts.

By auditing your receivables, you can ensure that all unpaid bills are appropriately recorded and that you follow up with clients/customers who still need to pay.

To review your accounts receivable, follow these steps:

• Generate an accounts receivable aging report that shows how much is owed and for how long.
• Follow up on any overdue payments and record them appropriately.
• Consider sending reminders or following up with customers who have outstanding balances.
• Write off any uncollectible debts as necessary.