Account Receivable Services

Accounts Receivable Service for Enhanced Business Cash Flow

Accounts receivable is one of the most valuable assets on a balance sheet. While businesses understand its importance, they often fail to manage it efficiently. Many companies focus heavily on acquiring new customers and delivering products or services, dedicating significant time and resources to these tasks. As a result, they neglect the collection of receivables, which can disrupt cash flow and lead to accumulating debts.

Accounts Receivable Management Services

Maintaining a record of the bills

Keeping an organized record of bills ensures accurate tracking and accountability.

Regular billing and delivery to customers

Ensure timely billing and delivery for consistent customer satisfaction.

Creation of invoice

Generate invoices promptly to streamline payments and maintain accurate records.

Accounting Experts

Maintain accurate records of received payments for better financial tracking.

Adjusting the payments with invoices

Match payments with invoices to ensure accurate financial records.

Linking Payment Gateways

Integrate payment gateways to streamline transactions and improve payment processing.

Connect with our experts today to get personalised accounts receivable management services specific to your business.

Contact our experts for tailored accounts receivable solutions designed for your business.

Benefits of Outsourcing Accounts Receivable Services

Increase Efficiency

Outsourcing lets you focus on acquiring new customers instead of handling accounts receivable.

Cost-Effective

Outsourcing accounts receivable is often more affordable cost-effective than in-house.

Reduce DSO

Days Sales Outstanding is reduced by accurately recording sales and promptly collecting receivables.

Frequently Asked Questions (FAQs)

Accounts receivable can significantly reduce DSO by streamlining the recording of every sale and ensuring timely collection of receivables. With a dedicated team managing the process, outstanding days are carefully monitored, helping businesses improve cash flow and maintain a healthier balance sheet. This approach allows companies to focus on growth while keeping DSO in check, ultimately saving time and resources.

What is Accounts Receivable?

When your customers buy goods or services on credit, the amount due by all your customers makes up the accounts receivable. Accounts receivable is a current asset of your business. These payments are yet to be received by specific due dates hence the name receivable. While it is best to avoid selling products or services on credit, it is inevitable to run a business. Payment made on an immediate basis is good for the business but not practically possible as you have to match up to the credit period offering by competitors in the industry.

What is DSO?

Days sales outstanding (DSO), also known as average collection period, is the calculation of the average number of days required to collect payment for a sale. Low DSO implies it takes fewer days to collect the accounts receivable, which will enable the business to reinvest its cash. Higher DSO is a bad sign and indicates that the business fund is stuck, thus not allowing to reinvest frequently.

Why is managing accounts receivable important?

Managing your accounts receivable is important as it ensures that you are generating enough cash inflows for your business to remain operational. It also allows you to ensure that your accounts receivable does not turn into bad debt. This is why we suggest accounts receivable outsourcing.