For businesses, one of the most visible and most significant assets on a balance sheet is account receivable. It is unfortunate that even though business is aware of its significance, many businesses can't give it the time and resources it deserves. Businesses spend more time and effort acquiring new customers and then delivering products and services than recovering money from them. It may affect cash flow and cause debts for the company if you don't pay attention to account receivables.
While everyone wants to have smooth cash flow, this is impossible for every industry due to the credit period existing in these industries. Proper accounts receivable management allows you to find the right balance during this time between outstanding invoices and potentially lost wages. Accounts receivable management services might be just what you need to turn around your cash position, so talk to businesses about it today.
If you have been delinquent on accounts receivable, then our experts from Whiz Consulting will help to take control of your cash flow. We help you with accurate tracking of all aspects of your accounts receivable, allowing you to know with certainty if your customers are being paid in full on time. You can take comfort from knowing that we will track any account irregularities as well as manage your accounts receivable records. We will also analyse your overall accounts receivable situation to help you better manage it. Whiz Consulting's experts will maintain records of bills and analyze the overall state of the accounts receivable portfolio for you, providing insights to make informed decisions about new strategies to pursue.
Contact us today to fix all your accounts receivable process issues! We can adeptly handle small business accounting as well as manage large firm accounting.Contact us, to know more!
Outsourcing accounts receivable process can help you in the following manner –
Outsourcing can allow you to free up your time, energy, and resources by automatically following up with customers on unprocessed credit.
Hiring an outsourced accounts receivable services can cost significantly less than hiring in-house staff.
Outsourcing reduces Days Sales Outstanding (DSO) by recording every sale and collecting receivables on time.
Outsource partners ensure positive relationships with your clients by dealing with an existing client for any information or collection.
At Whiz Consulting, we specialize in their accounts receivable management services. To give you the most accurate picture of your business, we help you eliminate bad debts, provide detail receivables report and so on to meet your needs. Our clients range from small, medium & large businesses and to ensure your records are accurate, we can use any accounting tool you choose, including QuickBooks, XERO, etc. Furthermore, if you would like follow-ups on invoices sent out, we can do it for you. You will receive timely reports that can be customised to your needs. Outsourcing accounts receivable service to an expert like us will help you handle regular follow-ups on wayward debtors. We can send out monthly reminders and negotiate with the debtor, and we will work equally hard to get money owed to your business.