Form 1309 Account Receivable Verification - Michigan

What Is Form 1309?

This is a legal form that was released by the Michigan Department of Transportation - a government authority operating within Michigan. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 1309?
A: Form 1309 is a document used for Account Receivable Verification in Michigan.

Q: What is Account Receivable Verification?
A: Account Receivable Verification is a process of confirming the outstanding balances owed to a company by its customers.

Q: Who uses Form 1309?
A: Form 1309 is used by companies in Michigan to verify their accounts receivable.

Q: Why is Account Receivable Verification important?
A: Account Receivable Verification is important to ensure accurate and reliable financial reporting, and to manage the collection of outstanding debts.

Q: Are there any fees associated with submitting Form 1309?
A: There are no fees associated with submitting Form 1309.

Q: Do I need to submit Form 1309 every year?
A: The frequency of submitting Form 1309 depends on the company's accounting practices and reporting requirements.

Q: What information is required in Form 1309?
A: Form 1309 typically requires information about the customer's name, contact details, outstanding balance, and any related disputes or issues.

Q: Can Form 1309 be submitted electronically?
A: Yes, Form 1309 can be submitted electronically through the Michigan Department of Treasury's e-services platform.

Q: What are the consequences of not conducting Account Receivable Verification?
A: Failure to conduct Account Receivable Verification can result in inaccurate financial reporting, difficulties in collections, and potential legal or regulatory issues.