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Work Item

ASTM WK91267

New Guide for Accounts Receivable & Collections

1. Scope
Provide a framework for granting credit, managing accounts receivable, and collecting accounts receivable.
Keywords
collections, accounts receivable, credit
Rationale

The growth and success of any organization in the cannabis industry relies on the efficient management of cash flow. Accounts receivable, which represents the money owed to your business by customers or clients for the products or services provided, plays a crucial role in your revenue stream. Cannabis has historically been a cash-only industry and as the industry matures and banking is more accessible, accounts receivable collections is often difficult.

Details

Developed by Subcommittee: D37.10

Committee: D37

Staff Manager: Jimmy Farrell

Work Item Status

Date Initiated: 06-19-2024

Technical Contact: Marianne Cursetjee

Item: 001

Ballot: D37.10 (25-01)

Status: In Balloting

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