We provide timely and accurate bookkeeping services to NYC and the tri-state area. Maintaining customer accounts is important to a small company's working capital and ability to sustain positive cash flow. Collecting outstanding balances is not always easy nor is monitoring your customers' payment history when you have a business to run. Our accounts receivable services help you manage your receivables and we also provide detailed reports to keep you informed as to your cash flow position. Our accounts receivable services include:
- Customer creation
- Invoice generation
- Payment posting
- Report generation and ratio analysis
We can set up customers to allow the generation of invoices and posting of payments received to directly link to the customer's account. We can assist in obtaining and reviewing the necessary documents prior to creating the new customer in the system. For example, any internal forms that are required to be approved will be verified and we can obtain a credit report for your prospective customer on your behalf.
Reviewing credit reports prior to initiating business with a new customer will help you gain assurance your customer is solvent and able to pay timely. Setting up customer's correctly facilitates the automation of tasks that when performed manually, are tedious and time consuming. Additionally, your reporting capabilities are greatly improved, allowing us to provide you with more detailed reports.Invoice Generation
As your company processes sales, it is important to send invoices to your customers for credit sales. Invoices remind customers of the money owed for goods or services your company provided and also notifies the customer of the date payment is due. We can generate and send out invoices on behalf of your company each month. We send invoices via email or mail, the method is dependent on our client's preference.
Our automated process saves time and makes your company's collection process more efficient. Additionally, system generated invoices provide an audit trail that allows us to provide you more accurate and detailed information in the reports we send.