One of the most visible and the largest assets on a balance sheet is Account Receivable. Even though businesses are aware of its significance, it is still not given the kind of importance it requires. A business spends a lot of time, effort and money in acquiring newer customers and then the same amount of time in delivering the product and services to the masses. Thus, when it comes to receiving money for those efforts, it should be done on time, not just to maintain bank balance/cash, but to avoid any debts. An inefficient accounts receivable service management obstructs the cash flow and results in causing debts for the company.
To ensure that every customer pays on a regular basis and to highlight the ones who do not, our accounts receivable services can be helpful. You can outsource your accounts receivable to our highly experienced team at Whiz Consulting and you can be sure that you have an accurate picture of your business in terms of receivable/bad debts, etc. We can invoice and email your clients from the tool of your liking such as QuickBooks, XERO etc. and we can do a follow up with them directly on the invoices due or if you wish this to do on your own, we can prepare weekly/fortnightly reports regularly and send them to you so that you can get in touch with your clients and remind them about the overdue payment.
At Whiz Consulting, we assist our customers in streamlining the cash flow. We do follow ups on the unsettled invoices, send regular reminders, negotiate with the debtors, and also discount the debtors who facilitate prompt payment and improved cash flow. Outsource your accounts receivable services function to Whiz Consulting today and be assured that we will work equally hard to get the money due to the business.
What areas do we cover?
- Regular billing and Delivery to customers
- Keeping a record of the bills
- Keeping a record of received payments and adjusting the payments with invoices
- Linking Payment Gateways and the Accounting software
- Constant follow ups with debtors for pending invoices
- Discounting the debtors
- Offering an in-depth analysis of accounts receivable reports
Get in touch today for a personalized solution for outsourcing your Accounts Receivable function.