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Accounts Receivable and Business Collections Trends for 2023

Outsourced Bookeeping

Accounts receivable and business collections are essential components of any business. As the year 2023 approaches, new accounts receivable trends and collection strategies will become increasingly important to ensure a healthy cash flow and financial stability.

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Accounts Receivable and Business Collections Trends for 2023

Outsourced Bookeeping

Accounts receivable and business collections are essential components of any business. As the year 2023 approaches, new accounts receivable trends and collection strategies will become increasingly important to ensure a healthy cash flow and financial stability.

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Avoid These Costly, Yet Common Small Business Bookkeeping Mistakes

Remote Quality Bookkeeping

Ignoring Accounts Receivable or Payable Many small business owners get so focused on sales that they overlook unpaid invoices or fail to monitor what they owe to vendors. This creates a distorted sense of cash flow and can lead to surprises, like a vendor putting your account on hold or discovering youve been underpaid by a client.

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The 6 Best Outsourced Accounting Firms to Consider in 2023

Jetpack Workflow

Accounts Receivable (AR)/Accounts Payable (AP) Management An outsourcing partner can help a firm manage accounts receivable and accounts payable for their clients, ensuring all payments are made and received promptly. They have a few hundred team members both on and offshore.

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A Clean and Simple Bookkeeping Client Folder Template

Jetpack Workflow

However, this task requires you to maintain organized and detailed information on the client’s debits, credits, and balances of various accounts. This process isn’t always routine and can depend on the nature of a client’s business and the products or services they sell.