ACCOUNTS RECEIVABLE
Always businesses expect to receive money on or before it dues. The accurate record keeping of this money that is receivable (accounts receivable) in the books of accounts are required to avoid any default in the payment due. Good accounts receivables processes boost profits by reducing bad debt, leading to better cash flow and higher available liquidity.
Some of the most basic and essential steps for a typical AR process are:
Develop a collection plan
Document your collection process
Incentivize early payments by offering discounts
Build and maintain relationships with clients
Have a plan in place to always get your payments
Our Accounts Receivable Process Overview
- Customer master creation
- Down payment & Progress payment invoice creation
- Customer Collections Follow-up
- Intercompany statements
- Online invoicing on customer portal
- Cash applications
- Cash balancing reports
- Customer rebate workings
We’re Ready To Help You
& Your Business Today!