Accounts Receivable is the accounting process of dealing with invoicing customers and recording sales transactions. While booking a receivable is rather straight forward accounting transaction, the process of maintaining and collecting payments can be a complicated and time consuming activity. Depending on the industry, customer payments can be received up to 10 – 15 days after the due date.
We work with our client with the preparation of customer invoices and applying payments. We review AR aging reports on a regular basis and can help you contact customers for payments.
Being aware of incoming cash flow is beneficial to your business as you will be able to make informed financial decisions in a timely fashion.