What Are Included Under Accounts Receivable Services?

Today’s economic environment is extremely challenging and for reasons obvious it is crucial for companies to leverage their resources. At the same time, it is equally important to extract the maximum return on their investments.

Ironically, most businesses are not able to devote their time and resources needed to manage the cost of carrying debt over time. What needed is a professional partner who can be relied upon to improve cash flow by enhancing the company’s internal accounts receivable department for handling their accounts receivable services on the behalf of the businesses.

What do the outsourced accounting agencies do?

 The main motive of the agencies is to help businesses run more profitably and efficiently. Accounts receivable services is an innovative approach to help businesses increase the performance of their finance department by working on the days sales outstanding to ultimately increase overall work capital. Their approach is to deliver measurable results by aligning the technological solutions with human capital resources.

What services are included under accounts receivable?

• Real estate accounts receivable services
• Accounts receivable factoring services
• Accounts receivable aging report creation
• Billing preparation
• Entering receivable transactions into the accounting system
• Record and account for revenue
• Issuing of credit memos and refund checks approved by the customer
• Maintaining subsidiary receivables ledgers
• Preparing and delivering periodic statements
• Carrying out process adjustments approved by the customer
• Applying cash received to customer accounts and resolving short pays
• Accounts receivable deductions management services
• Preparing accounts receivable reports

Agencies like Gangaaur Accounting Services use efficient software and tools to automate invoicing and collection processes to give you fast, efficient and automated accounts receivable management. You may contact them on https://gangaauraccounting.com/ or at +1-321-465-2361 to talk in details.