Together with JC & Associates, implement an Efficient Accounts Receivable Management System.
Accounts receivable are among the most noticeable and important assets on a balance sheet for organizations. Regrettably, despite organizations’ awareness of its importance, many are unable to allocate the time and money it requires. Companies invest more time and energy in finding new clients, offering goods and services, and collecting payments. Neglecting your account receivables, might negatively impact cash flow and result in debt for the business.
Even though everyone desires to have a seamless cash flow, some businesses cannot achieve this because of the length of credit periods in these sectors. You may strike the ideal balance between unpaid bills and perhaps missed income during this period by practicing proper accounts receivable management.
Accounts receivable management services may be precisely what you need to improve your financial position, so speak with businesses about it immediately.
If you have fallen behind on your accounts receivable, JC & Associates can help you regain control of your cash flow. We assist you in accurately tracking all parts of your accounts receivable, allowing you to know with confidence if your clients are getting paid in full on time. You may be confident that we will follow up on any account discrepancies and handle your accounts receivable records. We will also review your total accounts receivable position to assist you in managing it more effectively. JC & Associates specialists will keep track of invoices and examine the general status of those to pursue.
Accounts Receivable Outsourcing Service Providers manage Accounts Receivable tasks including invoice processing, vendor payment, and expense management.
Get real-time financial insights and meaningful advice to make smarter, better business decisions with JC & Associates outsourcing accounting services. Our clients include:
Outsourcing the 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 account receivable services can cost significantly less than hiring in-house staff.
Outsourcing minimizes days sales outstanding (DSO) by accurately documenting each transaction 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 JC & Associates, 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 detailed receivables reports, and so on to meet your needs. Our clients range from small, medium, and 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 flow-ups on invoices sent out, we can do it for you. You will receive timely reports that can be customized to your needs. Outsourcing accounts receivable service to an expert like us will help you handle regular follow-ups on wayward debits. We can send you monthly reminders and negotiate with the debtor, and we will work equally hard to get the money owed to your business.
Accounts receivable is a current asset of your business. Accounts receivable arise when customers buy goods or services on credit. These payments are yet to be received by specific due dates hence the name receivable. Payment made immediately is good for the business but not practically possible. You have to match up to the credit period offered by competitors in the industry.
Days sales outstanding help businesses measure the average number of days to collect payment for a sale. It is also referred to as the average collection period. It is crucial to measure DSO as it affects the cash flow of the business. Low DSO implies it takes fewer days to collect the accounts receivable, which will enable the business to reinvest its cash.
Ho Chi Minh Office:
No.2, Bat Nan Street, Quarter 01, Thanh My Loi Ward, District 2, Ho Chi Minh City
+84 282 222 5585 ( Mon - Sun)
www.jc&associates.com.vn
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