Assume that it uses accounts receivable and accounts payable. Our Accounts Receivable Factoring Program provides companies with financing to cover expenses such as payroll and purchasing inventory.As an Accounting Clerk, you will be tasked with handling customer inquiries, maintaining customer records, and processing credit applications. The purpose of this Policy is to set a standard to acquire a credit account, ensure a remittance process and protect. Work includes journal entries, reconciling accounts or cash, processing accounts receivables, and compiling a variety of reports.