Accounts Receivable Procedures

Any time that goods or services are provided for an external entity, and payment is not made at the time of sale, the department should adhere to the Non-Student Accounts Receivable Procedure found in MTSU policy 646 Collection of Accounts Receivable. NOTE: All student accounts receivable questions should be addressed through the Bursar’s Office. 

The procedure ensures that revenue is recorded correctly, in accordance with generally accepted accounting principles. It also ensures that we are tracking and billing our receivable accounts appropriately. Should delinquent accounts need to be submitted to a collection agency, following our procedure will ensure the greatest chance of obtaining payment. The button below will allow you to download a document detailing the proper procedures for creating and distributing an invoice.