Accounts Receivable Service

Accounts Receivable Service – Taking Control of Cash Flow for Your Organisation


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 able to allocate their time and resource efficiently to perform the task. You spend so much your time, effort, and money in acquiring new customers and then the same amount of time in delivering the product and services to the masses. But equal importance should be given to collecting the receivables, otherwise it may cause an obstruction in the cash flow and can result in causing debts for the company.

Accounts receivable is considered as a current asset but what good is an asset if you are not able to collect the value for the same on time. Long due accounts receivable can turn into bad debts and no business wants that. Therefore, it is important to track accounts receivable. Imagine not keeping track of it and then you fail to bill a customer on time or not to know whether you have been paid or not.

While it is good to have transactions for which payments are made immediately but this is not possible for every industry due to the credit period existing in these industries. So, a proper Accounts Receivable Management is essential which will help you managed accounts receivable on a consistent and routine basis.

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Accounts Receivable Services We Provide


Maintaining a record of the bills
Maintaining a record of the bills
Regular billing
Regular billing and delivery to customers
Creation of invoice
Creation of invoice
Record of received payments
Record of received payments
Adjusting the payments with invoices
Adjusting the payments with invoices
Accounting software
Linking Payment Gateways and the Accounting software
Constant follow-ups
Constant follow-ups with debtors for pending invoices
Discounting the debtors
Discounting the debtors
In-depth analysis
In-depth analysis of accounts receivable reports

Get in touch today for a personalised accounting solution specific to your business.

Accounts Receivable Service

We can adeptly handle small business accounting as well as manage large firm accounting.

Contact us, to know more!

Why Should You Outsource Accounts Receivable Services?


Outsourcing Accounts Receivable Services can help you in the following manner :

Increase Efficiency
Increase Efficiency

You can focus your time, effort, and money in acquiring new customers instead of utilising your time on following up on receivables.

Cost-Effective
Cost-Effective

Hiring an Outsourced Accounts Receivable Service cost will be much affordable in comparison, hiring in house resource or CPA.

Reduce DSO
Reduce DSO

Days Sales Outstanding (DSO) is reduced by making sure every sale is recorded, and receivables are collected, keeping in mind the outstanding days.

Client Relationships
Client Relationships

Outsource partner deal with an existing client for any information or collection. This creates a positive barrier between you and your clients, helping maintain healthy relationships.

Why Choose Whiz Consulting


At Whiz Consulting, we assist our customers in streamlining the cash flow for Australian businesses. We ensure that every customer pays on a regular basis 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 receivable, 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 task seriously; we connect with your clients directly on the invoices due. When you outsource accounts receivable service to Whiz Consulting, you get specific and customised service tailor-made to your needs. For instance, if you wish to personally connect with your clients for follow-ups, we can prepare weekly or fortnightly reports regularly and send them to you.

Outsourcing accounting service to an expert like us, will help you handle the task of regular follow-ups on the unsettled invoices, send out regular reminders, negotiate with the debtors, and also discount the debtors who facilitate prompt payment and improve cash flow. Outsource your accounts receivable service to Whiz Consulting today and be assured that we will work equally hard to get the money due to the business.

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