Art of Accounting: Handling 'dead' accounts receivable
Accounting Today
OCTOBER 30, 2023
Any business that lets past due accounts receivable accumulate is not being managed well.
Accounts Receivable Reports That Get You Paid Faster
Accounting Department
JANUARY 19, 2023
However, late payments and bad debts are a constant threat looming over an accounts receivables (AR) team. Accounts receivable reports are a key tool for businesses to manage their AR balances, forecast cash inflow, and stay on top of overdue payments.
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Art of Accounting: Problems with accounts receivable besides collecting them
Accounting Today
NOVEMBER 6, 2023
Delaying a payment or not paying an invoice and letting amounts pile up are a way for a client to give voice to a problem with your services without causing an immediate confrontation.
Webinars
The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
Unlock The Blueprint: How To Construct A Better Payment Workflow
Accounts Receivable Automation Best Practices
Gaviti
JANUARY 5, 2025
Once your business has started to grow significantly, your A/R and finance team will probably ask themselves how they can transform your accounts receivable process in the most efficient manner. At some point during the business process, most owners ask the question: Whats the best way to transform our accounts receivable process?
How to Prepare for an Accounts Receivable Audit
Fidesic blog
DECEMBER 6, 2023
Accounts receivable auditing is among the most critical of financial audits. This post will hopefully help to ease some of the stress by giving you some tips and things to know so you can better prepare for an audit of accounts receivable. Whether internal or external, financial audits can be an extremely stressful time.
What is Accounts Receivable Automation, and how can you leverage it for your business?
Cevinio
FEBRUARY 1, 2024
What is Accounts Receivable Automation, and how can you leverage it for your business? One such critical aspect is managing Accounts Receivable (AR). What is Accounts Receivable Automation? Saving time: AR Automation minimizes the amount of manual work needed to manage Accounts Receivable workflows.
5 Accounts Receivable Collection Mistakes You Should Avoid
Gaviti
NOVEMBER 21, 2024
Many businesses underestimate the importance of their accounts receivable (A/R) process, assuming they’ll “get paid eventually.” This mindset often leads to underinvestment in collections efforts, and when budget cuts are necessary, accounting departments like collections are typically the first affected. Want to learn more?
Accounts Receivable Analysis: Meaning, Objectives, Importance
Gaviti
APRIL 11, 2024
Of all the data financial departments love to monitor, accounts receivable often tops the list. After all, it determines how much revenue your business receives. Is it time for your business to complete an accounts receivable analysis? What is Accounts Receivable Analysis? The most common is DSO.
How to select an Accounts Receivable Automation solution
Cevinio
MARCH 21, 2024
Transform your Accounts Receivable processes with the right automation solution. Learn how to choose the best AR automation tool to boost efficiency, accelerate payments, and optimize cash flow. […]
Your Guide to Accounts Receivable Aging Reports & How to Calculate AR Aging
Billing Platform
NOVEMBER 21, 2024
Do members of your accounts receivable team find themselves overwhelmed with the task of determining which customers have uncollected debt? An accounts receivable (AR) aging report simplifies the process and expedites receiving the money youre owed. Wait a minute, what is aging accounts receivable?
Accounts Receivables vs. Accounts Payables: What’s the Difference?
Plooto
FEBRUARY 15, 2024
What is accounts receivable and accounts payable? Find out why having good control over both is crucial for your business to have a smooth cash flow.
Accounts receivable aging definition
Accounting Tools
APRIL 6, 2024
What is the Accounts Receivable Aging Report? An accounts receivable aging is a report that lists unpaid customer invoices and unused credit memos by date ranges. Basis for Collection Activities An accounts receivable aging report is used by the collections staff to identify which invoices are overdue.
ERP and Accounts Receivable Automation Integration Best Practices
Gaviti
DECEMBER 20, 2022
This is why so many companies now look to accounts receivable integration and other similar options to break down information barriers. What Is ERP and Accounts Receivable Automation Integration? When integrating your ERP and accounts receivable systems, ensure all stakeholders are on-board with the process.
Accounts receivable definition
Accounting Tools
JUNE 17, 2023
Related Courses Bookkeeping Guidebook Effective Collections How to Audit Receivables What is Accounts Receivable? Accounts receivable refers to money due to a seller from buyers who have not yet paid for their purchases. The amount of non trade receivables is usually quite small.
Accounts receivable confirmation definition
Accounting Tools
NOVEMBER 5, 2023
Related Courses How to Audit Receivables How to Conduct an Audit Engagement The Balance Sheet What is an Accounts Receivable Confirmation? The auditor does so with an accounts receivable confirmation. Related Articles Accounts Receivable Auditing
Assignment of accounts receivable
Accounting Tools
OCTOBER 8, 2023
Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is the Assignment of Accounts Receivable? Under an assignment of accounts receivable arrangement, a lender pays a borrower in exchange for the borrower assigning certain of its receivable accounts to the lender.
How to Choose Between Accounts Receivable Factoring and Financing: Key Considerations
FundThrough
MAY 8, 2024
For companies facing the challenge of maintaining a robust cash flow, deciding on the right lending partner and/or financial solution is key. […] The post How to Choose Between Accounts Receivable Factoring and Financing: Key Considerations appeared first on FundThrough.
How to collect accounts receivable
Accounting Tools
JULY 7, 2024
The collection of accounts receivable is vital, since it provides the cash needed to support company operations. Collecting accounts receivable is not just the task of the collections department. Doing so focuses attention on collecting those few invoices that comprise the bulk of the overdue receivables.
The ROI of Outsourcing Your Accounts Receivable
Enterprise Recovery
MAY 17, 2024
Outsourcing accounts receivable and collections is a strategic decision that can benefit businesses. Discover the financial benefits of outsourcing your accounts receivable and how it can positively impact your business's bottom line.
Accounts Receivable and Business Collections Trends for 2023
Enterprise Recovery
DECEMBER 30, 2022
Here are the Accounts Receivable and Business Collections Trends for 2023. In previous years, we've used this annual review to learn insights on how we can do better for our readers. Let us know if there's a topic that we can do better for you in the upcoming year.
Build vs Buy: What to Consider When Choosing an Accounts Receivable Automation Software
Gaviti
AUGUST 27, 2024
Once your finance team is onboard with automating your accounts receivables to streamline and optimize the process, you’ll need to decide whether you want to shop for an outside vendor or build your own accounts receivable automation software in-house. And your IT team will likely have a strong opinion about this as well.
Understanding the Accounts Receivable Process: Step-by-Step
Billing Platform
SEPTEMBER 25, 2023
Consisting of a series of steps, the accounts receivable process refers to the money owed to a business for the purchase and delivery of goods or services. Accounts receivable (AR) provides the critical link between making the sale and receiving payment.
How to reconcile accounts receivable
Accounting Tools
JUNE 12, 2023
Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook The reconciliation of accounts receivable is the process of matching the detailed amounts of unpaid customer billings to the accounts receivable total stated in the general ledger.
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The 8 Most Common Accounts Receivable Management Problems and Solutions
Gaviti
APRIL 24, 2023
Effective accounts receivable management is one of the most critical aspects of boosting steady cash flow for your business. Even so, there are some typical accounts receivable management problems and solutions most businesses should review. The AR team must identify problems and seek long-term solutions.
Efficient Dispute Management in Account Receivables: Empowering Financial Success
Gaviti
AUGUST 23, 2023
Disputes within account receivables can lead to delayed payments, strained customer relationships and unforeseen cash flow problems. Here are the usual steps: Receiving the dispute: The accounts receivable team identifies a customer’s invoice or payment discrepancy and is given to an A/R analyst.
Does Your Business Use an Accounts Receivable Policy?
Enterprise Recovery
APRIL 28, 2023
Listed as an asset on financial statements such as the balance sheet , accounts receivable is an important resource to your business. Does your business use an accounts receivable policy? It's considered an asset because it can be converted to cash if collected within the payment terms set in your client contracts.
Invoice to Payment: How to Streamline Accounts Receivable Workflows
Enterprise Recovery
SEPTEMBER 15, 2023
Did you know that by optimizing your accounts receivable workflow, your cash flow can be boosted? How to streamline your accounts receivable workflow. Streamlining your processes and utilizing technology helps with faster payment cycles, fewer mistakes, and improved financial forecasting.
Accounts Receivable Outsourcing vs. A/R Collections Management Software: What You Need to Know
Gaviti
MAY 30, 2023
Accounts receivable is one of the most critical roles in your business. Receivables management can also become incredibly complex and high-risk. This risk compels savvy business managers to consider whether they should use accounts receivable outsourcing or turn to management software.
Is accounts receivable an asset or revenue?
Accounting Tools
SEPTEMBER 7, 2023
Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook Accounts receivable is the amount owed to a seller by a customer. Accounts receivable is listed as a current asset on the balance sheet , since it is usually convertible into cash in less than one year.
Engage the AR function as a strategic partner for growth
Accounting Today
APRIL 16, 2024
The impact of providing accounts receivable staff with automated AR processes goes far beyond the finance function.
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The difference between accounts receivable and accounts payable
Accounting Tools
OCTOBER 20, 2023
Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook Payables Management What is Accounts Receivable? Accounts receivable are the amounts owed to a company by its customers. Receivables are only created when sales are made on credit. What is Accounts Payable?
Key Qualities and Skills for an Accounts Receivable Specialist
Enterprise Recovery
JUNE 28, 2024
Here are some key qualities and skills to look for in an accounts receivable specialist. Consider the following traits for your A/R specialist job description and hire someone who will ensure your financial records are solid and your clients pay on time.
How to use Credit Cards for Accounts Receivables
Plooto
JANUARY 16, 2023
Thank you for choosing Plooto for your AP/AR automation needs. Plooto’s payment processing features have helped many businesses like yours streamline their credit card processing , cut costs, and save time.
The Art of Getting Paid: Avoiding Common Pitfalls in Accounts Receivable
Reconciled Solutions
AUGUST 20, 2024
Every day that passes without collecting on outstanding accounts receivable is a. The post The Art of Getting Paid: Avoiding Common Pitfalls in Accounts Receivable appeared first on Reconciled Solutions. For small businesses, timely payments are the lifeblood that keeps operations running smoothly.
The Best Accounts Receivable Reporting Software Solutions of 2025
Gaviti
DECEMBER 18, 2024
The financial industry is experiencing a technological transformation that is reshaping accounts receivable management. What Is Accounts Receivable Reporting Software? Many accounts receivable automation software solutions include reporting as part of their offering. Customizable reporting.
13 Best Accounts Receivable and Accounts Payable Software
Invoicera
NOVEMBER 8, 2024
For many companies, managing accounts receivable (AR) and accounts payable (AP) is a constant challenge, with delayed payments, manual errors, and lack of real-time visibility causing significant disruptions. 13 Best Accounts Receivable and Payable Software 1. Track every expense accurately with Invoicera.
The Benefits Of Outsourcing Accounts Receivable Services For Tree Service Companies
Outsourced Bookeeping
JULY 9, 2024
Have you ever wondered how your tree service company could benefit from outsourcing its accounting services for tree services ? Accounts receivables and accounts payables are very important in managing any business and most often they need a lot of time and expertise to be managed. Continue reading to learn more!
Dynamic Surcharging and Multiple Invoicing Solved by Freedom Merchants
Accounting Department
SEPTEMBER 14, 2023
It's crucial to stay on top of your accounts receivable and make it as convenient as possible for your customers to make payments, without any added expenses for you. As a small to medium-sized business owner, you know that cash flow is the lifeblood of your company.
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How to Improve Short-Term Accounts Receivable Collections Forecasting
Gaviti
AUGUST 29, 2024
Short-term accounts receivable forecasting is especially difficult because it involves digging beyond general patterns. What Is Short-Term Accounts Receivable Collections Forecasting? Why Short-Term Accounts Payable Projections are More Difficult? What Is the Forecasting Accounts Receivable Formula?
5 Methods to Upgrade Your Accounts Receivable Collection Strategies
Gaviti
AUGUST 29, 2024
Your accounts receivable (A/R) collections process seems simple enough on paper. Many different accounts receivable collection techniques exist, and many of them should be used in conjunction with one another for the best results. What Are the Methods Used to Collect Receivables? Not so fast.
AI Billing: Changing the Accounts Receivable Landscape
AvidXchange
JULY 23, 2024
Enter AI billing, a game-changer for invoicing and accounts receivable (AR). By leveraging artificial intelligence (AI) for billing, companies can streamline their accounting processes, cut costs, improve security, and enhance overall accuracy.
Exploring Bill 360 – Accounts Receivable Automation with Chris McDonald
Insightful Accountant
SEPTEMBER 17, 2024
In this episode of the Accounting Insiders Podcast, recorded live at Xerocon 2024 in Nashville, join host Gary DeHart as he speaks with Christopher McDonald from Bill 360 about their accounts receivable automation tool designed for accountants.
Top 6 Accounts Receivable Software Providers with a Payment Portal
Gaviti
JULY 29, 2024
If you’ve decided that you want to move ahead with accounts receivable software, you might want to consider looking into an A/R software provider with a client payment portal. What is a Payment Portal in Accounts Receivable Software? This helps eliminate errors and facilitates faster payments and reconciliation.
Top 7 Benefits of Automating Accounts Receivable and Payable
Invoicera
JANUARY 19, 2025
Statistics say that in 2023 alone, the global accounts receivable automation market was valued at $3.81 Managing your business Accounts receivable and payable is tough! It is expected to grow at a rapid CAGR of 12.9% from 2024 to 2030. Cost and Time Savings As the old saying goes: “Time is money.”
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