Accounting Department Action Plan Template
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Use Template.net's Accounting Department Action Plan Template, which was Designed Alongside Experts in Accounting, to keep track of all financial-related activities in the company. Describe your Team, which is in charge of coordinating the suggested Action Plan with company's Objectives. Share the Document with your Business Partners and Stakeholders through Email.
ACCOUNTING DEPARTMENT ACTION PLAN
Objectives
This plan’s objectives are the following:
- Reduce accounts receivable by 75% at the end of the year
- Improve accounts payable process by May 13, 2023
Team
Amy Ragland
AR Officer
She will manage all the accounts receivable of the company.
Mark Ash
AP Officer
He will handle all payables of the company.
Action Plan
OBJECTIVE 1
Reduce accounts receivable by 75% at the end of the year
ACTION:
- Implement upfront fees for the initial consultation
- Structure payment plans for clients and automate payment methods for convenience
ASSIGNED TO:
- Amy Ragland
END DATE:
- December 31, 2023
- December 31, 2023
OBJECTIVE 2
Improve accounts payable process by May 13, 2023
ACTION:
- Centralize invoice payment and avoid paying on an ad hoc basis
- Invest on an expense management software to track every due payment clearly
ASSIGNED TO:
- Mark Ash
END DATE:
- December 31, 2023
- May 13, 2023
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