Accounts receivable sevices

Improve Cash Flow and Simplify Receivables Management with Our Services

Accounts receivable is one of the crucial assets on your balance sheet. Businesses have a core responsibility of acquiring new customers, and hence owners put all their time, effort, and money into the same. Post-customer acquisition, the focus is to deliver the product or service in the best possible manner.

 

After this, the focus should be on collecting all the receivables, but this ends up being neglected, thus disrupting cash flow cycle  leading to debt financing  to keep business aflot. Apart from financial/ opportunity loss, you may lose credibility as a business and might fail to meet employee payroll cheques or even day-to-day petty expenses. This raises the need for efficient accounts receivable management which helps you keep the money rolling in effectively and constantly.

 

Our accounts receivable management services can have a range of benefits for your business. Most importantly, it makes your unpaid invoices more manageable and improves your chances of getting paid within a reasonable timeframe. We can help you automate payment collection, cutting down on the amount of admin your team needs to deal with when chasing invoices. Consequently, you will be less susceptible to cash flow issues, which can prove to be catastrophic for businesses of all shapes and sizes.

Accounts Receivable process

Issue Invoices

Issue invoices and record them along with sale orders and goods/ service dispatch

Invoice Acknowledgment

Get confirmation from the customer regarding the receipt of the invoice

Check for Variances

Issue credit note to the customer for verified sales return

Reminder and follow-ups

Send regular reminders and follow-ups to the debtors to ensure timely receipt of payment

Payment Receipt

Reconcile bank accounts to identify payments received from debtors against the invoices issued

Closure

After successful receipt of payment, invoice is marked as paid and filed into repository

Our Accounts Receivable service offering

Maintaining record of the invoices

Creation of invoice

Record of received payments

Regular follow-ups with debtors for pending invoices

Determining provisions for doubtful debts

Discounting the debtors (if required)

In-depth analysis of account receivable reports

Service Model

SEND A MESSAGE

Request A Call Back

Still Confused With your Accounting & Bookkeeping? Get A Consultation

Start your journey with us.