Where Freight Billing ends, Revenue Accounting begins. When billing is closed out, revenue is posted to accounts receivable. All further activity (cash receipts, adjustments, collections, etc) is under the control of Revenue Accounting. While Freight Billing is primarily in the domain of operations, Revenue Accounting provides the necessary programs for keeping track of the revenue generated.
Accounts receivable functions include a full collections system. Past due billing, statements, dunning letters and credit limit monitoring are just a few of the tools available to your collections department. Your collections department will also be able to track and follow up on all collections activity including functions that the system runs and phone calls that your collectors make.