Q: Which of the following functionalities in Finance helps companies manage delinquent customers?

A Accounts receivable
B Accounts payable
C Credit and collections
D General ledger

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Answer: C

Explanation:

✔️ Credit and collections managers can use this central view to manage collections. Collection agents can begin the collections process from customer lists that are generated by using predefined collection criteria, or from the Customers page.

❌ Use accounts receivable to track customer invoices and payments that you receive from customers.

Use accounts payable to track invoices and outgoing expenditures to vendors.

Use general ledger to define and manage the company’s financial records. The general ledger is a register of debit and credit entries. These entries are classified by using the accounts that are listed in a chart of accounts.

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Q: Which of the following functionalities in Finance helps companies manage delinquent customers?

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