To calculate net accounts receivable, you need: total accounts receivable, allowance for doubtful accounts, and sales returns and allowances. We get an answer of 1.6.Find the accounts receivable turnover ratio: Net sales ÷ Average accounts receivable = Accounts receivable turnover ratio. To calculate the net credit sales, subtract the sales returns and sales allowances from the sales you've made on credit. 4. Remember how to do Net Credit Sales? Are not reported as a component of net patient service revenue or net patient accounts receivable. Instructions for Completing the Annual Budget Forms. B. The Annual Financial Reporting System. You will get hands-on experience with handling accounts receivable, accounts payable, payroll procedures, sales taxes, and various common banking activities. In the case of the Town, assets exceeded liabilities by.