One of the most considerable assets on a balance sheet is Account Receivable, and even though most businesses are aware of its significance, but it fails to perform this task efficiently. Businesses are not able to allocate their time and resource efficiently for accounts receivable. Most of the businesses are focused so much in acquiring new customers and then in the process of delivering the product and services to the customer that they end up spending a significant chunk of time and effort on the same. What they end up neglecting is collecting the receivables which might cause an obstruction in the cash flow and can result in causing debts for the company.
Long due accounts receivables can turn into bad debts which is not desirable for business. While it is good to receive payments immediately but this is not possible for every industry due to the credit period existing in every industries. So, a appropriate Accounts Receivable Management is crucial which will let you managed accounts receivable on a continuous and timely manner.
We can proficiently handle accounting for small business accounting as well as large firm with efficiency.Contact us, to know more!
Outsourcing Accounts Receivable Services can be beneficial for your business in the flooowing manner -
With an outsourced partner you can focus your time, effort, and money in acquiring new customers instead of spending the same on accounts receivables.
An Outsourced Accounts Receivable Service cost as compared to hiring in house resource or Chartered Accountant will be much affordable
Days Sales Outstanding (DSO) is reduced by making sure every sale is recorded, and receivables are collected, keeping in mind the outstanding days.
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.
Whiz Consulting assist in streamlining the cash flow for Indian businesses. We ensure that your customer are paying on a time and we highlight the ones who do not. Our highly experienced team at Whiz Consulting provides an accurate picture of your business in terms of receivable, bad debts and much more that enables you to reduce your stress related to accounts recievable. We also send out invoices and email your clients with the use of accounting software like QuickBooks, Xero and so on. It is our duty to follow up task and connect with your clients directly for due invoices.
With Whiz Consulting outsource accounts receivable service, you get customised service tailor-made to your needs. Task like regular follow-ups on the unsettled invoices, send out regular reminders, negotiate with the debtors is no longer your headache. You may also provide discount to debtors who facilitate prompt payment and improve cash flow. With our service be assured to get the money due to the business while you focus on growing the business.