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