Accounts receivable is one of the most considerable visible assets on a balance sheet, and its significance is known to all. As a business owner, your focus is on acquiring new customers; hence, you put all your time, effort and money into the same. And once you acquire new customers, your focus is to deliver the product or service in the best possible manner. After this, your focus should be on collecting all the receivables, but this ends up being neglected, thus causing trouble for business cash flow and then causing debt. It is not an ideal situation for any business. Apart from financial loss, you lose credibility as a business and might fail to meet employee payroll cheques or even day-to-day petty expenses. This raises the need for efficient accounts receivable management is crucial for your business and will help you keep the money rolling in effectively constantly. Accounts receivable outsourcing is the most effective way to go about it.
We at Whiz Consulting understand the significance of accounts receivable and thus can help you take care of your receivables. As an outsourced accounting and bookkeeping services provider, we help USA-based businesses with their accounts receivable ensuring that it does turn into bad debt. With the help of the best accounts receivable software, we will streamline your accounts receivable process and help consistent cash inflow.
With an outsourced partner taking care of your accounts receivable, you can increase your efficiency by focusing on acquiring new customers
The cost of accounts receivable outsourcing is much more affordable compared to hiring in-house resources or CPA.
An outsourced partner helps you reduce Days Sales Outstanding (DSO) by recording every sale, collecting receivables, and keeping up-to-date with outstanding days.
Outsourcing partner creates a positive barrier between you and your clients as it deals with all clients for any information or collection; this helps maintain healthy client relationships.
Whiz Consulting is dedicated to providing services that will help to efficiently and effectively run your business while handling your accounting and bookkeeping needs. And with accounts receivable, we do the same. We are one of the top accounts receivable outsourcing companies in the USA, taking pride in streamlining your business's cash flow. We take it on us to ensure your customers are paying on time and chalk out those who do not pay on time.
Our accounts receivable team are highly experienced and helps you get an accurate picture of your business in terms of receivable, bad debts and so on. Using the tool of your preference, such as QuickBooks, XERO and accounting software, we will create invoices and send the same to your clients. And then, we contact your clients directly on the invoices due. With virtual accounts receivable service from Whiz Consulting, you will get specific and tailor-made services to your needs.
Outsourcing your accounting receivable needs to an expert like us will help you in regular follow-ups on unsettled invoices, negotiate with the debtors, send out regular reminders, and discount the debtors. This will help you to facilitate prompt payment and improve cash flow.