When is this day celebrated? March 7
What is this day? National Accounts Receivable Appreciation Day is a celebration of the people, process, traditions and value of accounts receivable in today’s business world. We honor those individuals who work tirelessly to collect on outstanding sales and make sure that the rest of the business world can continue making payroll, paying suppliers and serving customers.
Why was this day created?
If anyone in business is deserving of our appreciation it is Accounts Receivable professionals. After all, they are the ones who help their employers actually collect on outstanding sales. If the world’s accounts receivable professionals suddenly disappeared, business would come to a grinding halt because companies wouldn’t be able to collect and process the cash needed to make payroll and continue operations. Let’s show America’s A/R pros that we recognize the crucial, and often, thankless, role they play in modern business.
Who founded this day? This day was created by Invoiced in 2019.
How should this day be celebrated or observed?
- Co-workers of accounts receivable (A/R) professionals should go out of their way to make the day special. Whether bringing in a commemorative cake, buying a cup of coffee, showing up with flowers or simply stopping by to say thank you, co-workers including supervisors and senior executives should be showering A/R staff with the recognition and validation they are typically starved of.
- Debtors are encouraged to promptly pay on outstanding bills and invoices, and when possible, to include a note of thanks for the professional manner in which the A/R representative has been attempting to collect payment. If customers or clients do not have an outstanding balance on National Accounts Receivable Day, they should consider sending a note of appreciation or token gift to the A/R representative for their role in facilitating a zero balance.
- Tipping is discouraged.
- Other recommended traditions include playing a brief game of “Pin the Invoice on the Ledger”, bashing a piñata in the shape of the company’s largest outstanding debtor or accounts receivable vs. accounts payable tug-of-war (weather permitting).