Accounts Receivable Management
Accountant in Portland, OR
Invoicing, Statements, Item Lists, Deposit Entry, Customer Management
Every company, irrespective of size, needs a steady money flow for survival. Late payments and unpaid invoices impact cash flow and jeopardies the company’s smooth operation. This is why outsourcing accounts receivable management services is crucial for all companies’ functioning.
The unpaid invoices that a company has yet to receive from its customers are accounted for as accounts receivable. Sometimes, people do not follow the company’s payment terms and postpone their invoice payments. This leads the company’s accounting team to spend extra time and effort following up with the customers. Companies often outsource their accounts receivable management process to eliminate the extra hassle.
An efficient in-house accounts receivable management service can offer a range of benefits. Some of the significant benefits are:
- Provide valuable insights about where their cash is stuck and manage a record of every sales transaction.
- Reduced losses resulting from bad debts.
- Enhanced customer experience and sales volume.
How can Brio Accounting help?
Brio Accounting uses modern and updated technology to help businesses handle their accounts receivable. It allows companies to record and settle multiple invoices. Companies can send payment notifications to customers and monitor receivables at invoice or customer levels. We save business time and expense and help them stay on top by letting them mark receivables as paid instantly.