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.
The title and scope are in draft form and are under development within this ASTM Committee.
Work Item Status
Date Initiated: 06-19-2024
Technical Contact: Marianne Cursetjee
Item: 000
Ballot:
Status: