Perficient - Accounts Receivable

JULY 27, 2017

Each and every company who has a customer base has a need for accounts receivable/collections personnel. For smaller companies, one person may wear many hats including the accounts receivable or collections department hat. This is where the Accounts Receivable Specialist steps into the spotlight.

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Account Receivables Accounts Receivable Accounts Receivable Collections 52

oAppsNet

NOVEMBER 1, 2024

Your Accounts Receivable (AR) team is your business’s critical cash flow driver. Metrics like Days Sales Outstanding (DSO), average collection period, and the percentage of overdue invoices should be consistently monitored to evaluate the health of your AR process.

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AR Invoicing Collections Accounts Receivable 52

CapActix

JUNE 17, 2024

One of the most effective ways to maintain this balance is through efficient management of accounts receivable. While many small businesses excel at delivering their products and services, they often struggle with the administrative and logistical challenges of getting paid on time. They ensure timely invoicing and follow-ups.

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Account Receivables Accounts Receivable Accounts Receivable Accounting 52

Gaviti

NOVEMBER 14, 2022

Receivables collection is one of the most critical functions of any business, but it can also become one of the most stressful. Companies can reduce many overwhelming and monotonous aspects of collections via automation. Sage Intacct streamlines collections tasks but automation alone is not enough. Processing payments.

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Collections Invoice Processing Account Receivables Accounts Receivable 72

oAppsNet

MAY 21, 2024

The rapidly evolving business landscape has spotlighted the critical function of accounts receivable (AR). These changes aim to enhance operational efficiency, improve customer experiences, and adapt to the globalized economy.

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Account Receivables Accounts Receivable Accounts Receivable AR 52

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.

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Account Receivables Accounts Receivable Accounts Receivable Outsourced Bookkeeping 59

Outsourced Bookeeping

APRIL 12, 2023

It is a process that initiates with an order received from a customer and ends with the successful collection of payment from them. Accounts receivable management and payment collection from customers are crucial steps in this cycle.

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Account Receivables Accounts Receivable Accounts Receivable Outsourced Bookkeeping 59

oAppsNet

MAY 9, 2024

Accounts receivable is a fundamental concept in business finance, serving as an essential component of a company’s working capital and cash flow management. This article aims to demystify the accounts receivable process, elucidating its significance, operational mechanisms, challenges, and optimization strategies.

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Account Receivables Accounts Receivable Accounts Receivable Accounting 40

Gaviti

FEBRUARY 18, 2024

Even with the most streamlined and automated A/R management process and B2B collections best practices , customers don’t always pay on time. At this point, your business should move from handling the invoice in-house to managing it through one of the debt collection outsourcing services listed below.

Collections 52

Collections Invoicing Account Receivables Accounts Receivable 52

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. Collect feedback from users regularly to pinpoint areas for improvement.

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Account Receivables Accounts Receivable Accounts Receivable Billing 52

Gaviti

JANUARY 7, 2024

Your technical team might use it now for tickets in their product management, whereas your sales team might use it for their Customer Relationship Management (CRM) functionality. They need a solution that focuses on just the accounts receivable process in order to optimize their cash flow and make sure cash doesn’t fall through the cracks.

Collections 52

Collections Account Reconciliation Invoicing Bank Reconciliation 52

Gaviti

JANUARY 10, 2023

Here are some of the most important ones to monitor: Collection effectiveness index. Accounts payable aging. Current accounts receivable. Current accounts payable. Focus on Accounts Receivables. CFOs must strategize carefully to ensure timely collections and full payments. Operating cash flow.

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Budgeting Account Receivables Accounts Receivable Accounts Receivable 98

Outsourced Bookeeping

DECEMBER 19, 2024

The sources and uses of cash are accounts payable and accounts receivable, and proper management of the two functions keeps the business financially fit and able to meet its obligations as and when due. Accounts Payable and Receivable Outsourcing Now, a lot of small businesses are outsourcing AP and AR.

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Accounts Payable Accounts Payable AR Outsourced Bookkeeping 52

Intuit

JANUARY 19, 2024

You’ll also be able to take advantage of Intuit’s tax preparation software, which allows you to onboard customers, collect documents, and file returns easily. Bookkeeping is always a great way to learn your way around all of the basics in accounting, since you work hands-on with a client’s everyday finances.

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CPA Bookkeeping QuickBooks Financial Statements 130

Gaviti

DECEMBER 3, 2023

No matter how efficient your A/R collections process is or how effective your communications are, it’s only a matter of time before you’ll have disputes. A human-centered approach to disputes in accounts receivables , with the right technological tools, can both accelerate dispute management and improve your company’s cash flow.

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Collections Invoicing Account Receivables Accounts Receivable 52

Gaviti

JUNE 6, 2023

FSS can help companies achieve these goals and more, but it is especially useful for accounts receivable. What Are Financial Shared Services? The finance shared services model consolidates financial functions within an organization. How Do Shared Services Work for Collections?

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Collections Financial Services Account Receivables Accounts Receivable 52

Billing Platform

JULY 15, 2024

From marketing and sales to customer service, these are the employees who will use the strategy, develop marketing programs and advertisements, sell the products and services, and respond to customer service requests. Pay and Collect: This accounts receivable pillar includes payments, cash app, and payment retries.

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Customer Service General Ledger Billing Invoicing 96

Billing Platform

AUGUST 3, 2023

Described as software that enables companies to, at its most basic level, generate and send invoices, collect payments, and calculate taxes – billing software is now capable of so much more. which can increase your accounts receivable lifecycle, as well as impact the customer’s ability to make payments.

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Billing Collections Invoicing Account Reconciliation 52

AvidXchange

AUGUST 5, 2022

Bryce Clark, co-owner and vice president of Capital Lock, shares how he transformed his accounts receivable process to save time, money and headaches. It has been providing professional locksmith services and security products to surrounding residential and commercial/institutional markets for nearly half a century.

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Less Accounting

MARCH 16, 2023

You can add additional services like cleanup or tax filing for a flat rate. Collective Bookkeeping Collective helps you with multiple facets of your business, including registering and LLC formation. Their services start at $249 per month (if paid in full for the year) or $299 when paid monthly.

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Bookkeeping Virtual Bookkeeping Bookkeeping Services Outsourced Bookkeeping 52

Gaviti

MARCH 6, 2023

It is essential to have access to resources such as tutorials, customer service advice, online demos, and helpdesk services. Additionally, consider the vendor’s reputation regarding reliability and customer satisfaction. This helps protect the company from data breaches, fraud, and other security risks.

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Customer Service Auditing Invoicing Billing 52

Billing Platform

JANUARY 10, 2025

While traditional banking services maintain higher retention rates (averaging 75%), fintech disruptors and online services have introduced more competition and customer churn. Factors influencing churn include fees, customer service quality, and digital experience.

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Customer Service Computation Financial Services Billing 52

Nanonets

APRIL 23, 2024

Accounts Receivable & Accounts Payable NetSuite has a robust AR section with invoice customization facilities, but Quickbooks' automation features make AR and collection much more accessible.

QuickBooks 52

QuickBooks General Ledger AR Accounts Payable 52

Less Accounting

SEPTEMBER 25, 2023

This can include cash, inventory, equipment, and accounts receivable. Including loans, debt, accounts payable, and other expenses. Accounts Payable & Accounts Receivable Accounts payable is the amount of money your business owes to other businesses, suppliers, or vendors.

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Billing Platform

JULY 15, 2024

From marketing and sales to customer service, these are the employees who will use the strategy, develop marketing programs and advertisements, sell the products and services, and respond to customer service requests. Pay and Collect: This accounts receivable pillar includes payments, cash app, and payment retries.

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Customer Service General Ledger Billing Invoicing 52

Nanonets

FEBRUARY 28, 2024

Since the money account is obtaining income, then the debit section will show a gain and display an amount for the amount. For this transaction, the credit section will stay intact for this account. To retain the accounting equation's net-zero discrepancy, one asset account must enhance while another reduces by the same quantity.

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General Ledger Data Entry Invoicing Accounts Payable 52

Jetpack Workflow

SEPTEMBER 1, 2024

For instance, the current guidelines state that contractors paid $600 or more from a business during a given year should receive a 1099-NEC. What to put on your checklist for this task: Collect necessary information from clients’ payroll and vendor records.

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General Ledger Financial Statements Accounting Accounting 52

Invoicera

JULY 1, 2024

This amount includes the projected expenses for the goods or services sold, costs including taxes where necessary, and any possible discounts. Payment Information: Highlights the exact payment information, such as the seller’s bank account number, to ensure a smooth and efficient transaction process as seen by the buyer.

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Nanonets

FEBRUARY 8, 2024

Tipalti’s payment reconciliation features can speed up the close process by 25% because it verifies that transaction amounts match across your ERPs, accounting systems, and any other business platforms. Part of the account settings for any enterprise user revolve around tax form collection for payees.

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Invoicera

NOVEMBER 28, 2023

Accounts Receivable NetSuite makes sending invoices , handling payments, and managing collections easier by doing it all automatically. This helps you get more money to grow your business faster, reduce the time it takes to get paid, improve customer service , and take advantage of new investment chances quickly.

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QuickBooks Invoicing Billing Accounting Software 52

Future Firm

SEPTEMBER 1, 2023

While the list of accounting software is in no particular order, it has been grouped according to categories based on their accounting features so you can find the best accounting software apps that fit your interest. Their web-based product is packed full of accounting features. Ready to dive in?

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Accounting Software XERO QuickBooks Accounting 98