Administrative Accounts Receivable

Topics:
Commercial Lending,
E-government,
Payables and Receivables
Tags:
Accounting,
Operational Accounting,
Marketing,
Financial Services,
Finance,
Debtor,
Debt,
Advertising & Promotion,
Admin Account,
USAID
Source:
U.S. Agency for International Development

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Overview: This paper contains broad policies and accounting standards for managing and collecting administrative accounts receivable. The Debt Collection Improvement Act of 1996 and the Federal Claims Collection Standards authorize USAID to collect debts owed to the Agency by means of administrative offset; to assess interest, penalties, and administrative costs on overdue debts against its debtors; to contract for private collection services; to disclose information on debts to credit reporting agencies; and to report compromises to the Internal Revenue Service. USAID's Claims Collection Standards, 22 CFR 213, cover the due process rights of debtors and procedures for collecting delinquent claims.

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Format: PDF | Size: 380KB | Date: Feb 2005 | Pages: 29

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