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Maintain Accounts Receivable balances. This is a recurring process of updates, liquidating events and other adjustments necessary to maintain the life cycle of accounts receivable. Examples can include: assessments of late payment, interest, assessments of penalties, assessments of Administrative costs, application of collections on delinquent debts, and adjustments due to delinquent debts. Statuses change due to dunning referral date, the passage of time (from current to delinquent), and events that change a delinquency status (e.g., bankruptcy, referral, etc.). |