"leave Accounting burden on us and feel free to Focus on your Core Business"
Accounts Receivable refers to the outstanding invoices owed by a Customer for the goods and services provided by a Seller. It is an important aspect for every business to analyse their short term liquidity position. It helps the management to understand how effectively they can cover their short-term obligations without any additional cash flows. The strength of an entity's AR can be assessed with the Accounts Receivable turnover ratio that helps the management/investor to understand how effectively an entity manages its credits and debts collection. A higher receivable turnover ratio is considered to be more favourable for businesses. Timely and effective AR process is crucial for improved cash inflow and business performance.
Our Accounts Receivable outsourcing services are beneficial for businesses that want to identify and follow up on outstanding invoices more efficiently and want to streamline the overall AR process by slashing the operational & administrative cost significantly.
Sales quotation to potential customer will be issued by our team of experts after in-depth evaluation in terms of quantity, proposed pricing, nature of items etc.
Once the sales quotation is accepted by buyer, the sales order will be issued to customer after monitoring with respect to quantity, shipping address, billing address, mode of payments, terms and conditions etc.
Customer invoicing is cross-validated and issued by us after evaluating the open sales order and precisely tracking of invoices are sent via email, fax etc within agreed timeline.
Payments in customer ledger account against respective invoicing are applied by our team after considering the necessary adjustments like discount given, WHT (withholding tax) etc.
To estimate the potential bad debts, debt ageing report will be closely monitored and prepared with invoice date to determine the invoices overdue for payment.
Our team will analyse the potential bad debts on the basis of debt ageing report alongwith making provisions for the doubtful debt as per debt policy in the system.
Customer ledger reconciliation is prepared and reconciled by us with external supporting document i.e Debtor Confirmation Report.
We feel privileged to support our valuable clients for any queries raised by customer and perform corrective actions in Customer ledger account.
"We are a team of professionals offering best Accounts Receivable services"
Here is why you should choose us as your Accounts Receivable service provider
Do you want to be a member of Adhira Financial Services family? Just contact us today!!