One of the most visible and the most significant assets on a balance sheet is Account Receivable. Unfortunately, even though businesses are aware of its significance, many businesses cannot efficiently allocate their time and resources to perform the task. This is because you spend a lot of your time, effort, and money acquiring new customers and then spending the same amount of time delivering the product and services to the masses. But equal importance should be given to collecting the receivables; otherwise, it may obstruct the cash flow and can result in causing debts for the company.
While it is good to have transactions for which payments are made immediately, this is impossible for every industry due to the credit period existing in these industries. So, proper accounts receivable management is essential, which will help you managed accounts receivable on a consistent and routine basis. Accounts receivable management services might be just what you need to turn around your cash position.
We at Whiz Consulting provide accounts receivable services to help Australian businesses help take control of their cash flow. Accounts receivable is considered a current asset, but what good is an asset if you cannot collect the same on time. We will help you with your accounts receivable ensuring that it does turn into bad debt. Our experts will track your accounts receivable regularly and help track any irregularities allowing you to bill a customer on time or not to know whether you have been paid or not. Right from maintaining records of bills to analysing overall accounts receivable, we will help you with the overall accounts receivable management.
We can adeptly handle small business accounting as well as manage large firm accounting.Contact us, to know more!
Outsourcing Accounts Receivable Services can help you in the following manner –
You can focus your time, effort, and money on acquiring new customers instead of utilising your time on following up on receivables.
Hiring an Outsourced Accounts Receivable Services cost will be much affordable in comparison, hiring an in-house resource or CPA.
Days Sales Outstanding (DSO) is reduced by ensuring every sale is recorded, and receivables are collected, keeping in mind the outstanding days.
Outsource partners deal with an existing client for any information or collection. This creates a positive barrier between you and your clients, helping maintain healthy relationships.
At Whiz Consulting, we assist our customers in streamlining the cash flow for Australian businesses. We provide ours accounts receivable management services in Sydney, Brisbane, Paramatta, and other parts of Australia. We ensure that every customer pays regularly, and we highlight the ones who do not. Once you outsource your accounts receivable to our highly experienced team at Whiz Consulting, we extend an accurate picture of your business in terms of receivables, bad debts and so on. We send out invoices and email your clients using the tool of your preference, such as QuickBooks, XERO etc. We also take follow up tasks seriously; we connect with your clients directly on the invoices due. When you outsource accounts receivable services to Whiz Consulting, you get specific and customised services tailor-made to your needs. For instance, if you wish to connect with your clients for follow-ups personally, we can prepare weekly or fortnightly reports regularly and send them to you.
Outsourcing accounts receivable service to an expert like us will help you handle regular follow-ups on the unsettled invoices, send out periodic reminders, negotiate with the debtors, and discount the debtors who facilitate prompt payment and improve cash flow. So outsource your accounts receivable services to Whiz Consulting today, and be assured that we will work equally hard to get the money due to the business.