Negative confirmation request

Definition:

The negative form of accounts receivable confirmation asks the client's customer to respond only if the customer disagrees with the balance determined by the client. The positive form asks the customer to respond whether the customer agrees or disagrees with the client's receivable balance. The negative form is used when controls over receivables are strong and accounts receivable consists of many accounts with small balances. The positive form is used when controls are weak or there are fewer, but larger, accounts.

Related terms:

Last-in, first-out

Useful articles:

»	5 Marketing Tips For The Holidays
»	11 Essential Tips for the Business Traveler
»	How to Up Your Retail Business in Down Times
»	Demand Dignity in Presentation Skills Training

Net Worth

This calculator will help you to determine your assets and liablilities and your Net Worth

Loan amortization

This calculator will help you to calculate an amortisation schedule for a loan

Marketing calc

This calculator is designed to help you estimate your return on investment from a marketing campaign

Browse by categories

Accounting	Advertising	Banking
Bankruptcy	E-Commerce	Economics
Finance	Law	Investment
Insurance	Marketing	Real estate
Statistic	Trade	Purchasing

Featured Articles:

Legal

Should I Appeal My Social Security Disability Denial?

YOU APPLIED FOR SOCIAL SECURITY DISABILITY AND YOUR CLAIM WAS DENIED AND YOU WONDER IF YOU SHOULD APPEAL?

The answer is if you are working you usually cannot obtain disabilty especial... [ more... ]

Customer Servces

Putting Energy Into Your Efforts

People like doing business with people who like doing business. It’s a simple truth that we like to associate with friendly, upbeat, positive-energy types of people in our personal liv... [ more... ]

Business & Financial

Investing: In Terms of Perceptions

Changing negative perceptions about a business or an industry takes time. Here's an example: The increasing technological sophistication of Detroit's automakers has yet to be translated into higher... [ more... ]