Enterprise Recovery: Accounts Receivable

MARCH 24, 2023

As accounts receivables (AR) begin to fall delinquent, your business expenses could fall delinquent as well. Use these tips to efficiently collect AR and get invoices paid faster. With every late-paying client, cash flow for payroll, rent, or other vendors falls short, threatening your company's bottom line and growth.

AR 67

AR Collections Invoicing Accounts Receivable 67

Invoicera

NOVEMBER 13, 2024

Regardless of the reason, legal firms are constantly battling billing issues, and it’s time to find a solution. Let’s dive into the challenges, features, and benefits of modern legal invoicing software for lawyers to help get your practice back on track! Solution: Invest in invoicing software with integrated time-tracking features.

Invoicing 52

Invoicing Billing Collections AR 52

Billing Platform

DECEMBER 3, 2023

So whether you’re a small and medium-sized business (SMB) or a large enterprise, one thing is certain – collecting unpaid debt is time-consuming and filled with challenges. This is where a debt management and collections system can help keep your revenue flowing. And the benefits don’t end there.

Collections 98

Collections AR Invoicing Accounts Receivable 98

Cevinio

FEBRUARY 1, 2024

One such critical aspect is managing Accounts Receivable (AR). This encompasses a range of tasks, from sending invoices and confirming their receipt to chasing overdue payments and updating customer records. Recognizing the potential for improvement, many businesses are turning to AR Automation to streamline these processes.

Accounts Receivable 130

Accounts Receivable Accounts Receivable Account Receivables AR 130

Gaviti

JANUARY 20, 2025

How the Matching Principle Aligns with AR Automation Accounts receivable automation simplifies and streamlines the management of the status of invoices, making it easier to track payments, monitor customer interactions, and maintain cash flow. AR solutions provide detailed records of invoices, due dates, and payment statuses.

AR 52

AR Financial Statements Invoicing Collections 52

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. A study by Atradius revealed that 48% of B2B invoices in the U.S. are paid late, impacting the financial health of businesses.

Accounts Payable 52

Accounts Payable Accounts Payable Accounts Receivable Accounts Receivable 52

Gaviti

FEBRUARY 2, 2025

Understanding and improving the processes that influence your business operating cycleespecially accounts receivable (AR) managementcan significantly enhance financial performance. DSO represents the average time taken to collect payments after a sale. Leveraging technology to streamline invoicing and payment processes.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR 52

Invoicera

NOVEMBER 27, 2024

Picture this: You’ve got stacks of invoices, working with numbers again and again, and facing constant payment issues. But what if there was a way to have your invoicing easy to design and even easier to send out? Automated invoicing software is the secret tool that every business should be using. Let’s jump right in!

Invoicing 40

Invoicing Billing QuickBooks AR 40

Billing Platform

SEPTEMBER 25, 2023

Accounts receivable (AR) provides the critical link between making the sale and receiving payment. For instance, the electricity your company uses is invoiced at the end of the service period. Invoices are typically delivered to the customer via email, electronic data interchange (EDI) or regular mail.

Accounts Receivable 98

Accounts Receivable Accounts Receivable Account Receivables AR 98

Invoicera

JANUARY 19, 2025

With a number of invoices, pending payments, and a lot of reconciliations, it can really stress you more than anything else. This is the reason that many organizations are shifting towards automation. Companies in this region have already begun to reap benefits with timely invoice processing, enhanced cash flow and reduced errors.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables AR 40

Gaviti

MARCH 5, 2025

Fraudsters are no longer relying on rudimentary methods; instead, they use advanced techniques such as social engineering, phishing, and malware attacks to manipulate invoice processes and divert payments. In this scenario, fraudsters either create fake invoices or manipulate legitimate ones to divert payments.

Accounts Receivable 80

Accounts Receivable Accounts Receivable Account Receivables Accounting 80

Gaviti

MARCH 21, 2023

If this sounds like your company, then the best solution is to accelerate your accounts receivable collection so you can turn sales into capital you can actually use to maintain your business. There are many strategies to streamline invoice collection to get the money owed to your company quicker.

Collections 52

Collections Invoicing AR Collections AR 52

Intuit

SEPTEMBER 9, 2024

Processed accounts payable and receivable, ensuring timely payments and collections. Managed accounts payable, processed invoices, and ensured timely vendor payments. Assisted with accounts receivable, sending invoices, and following up on outstanding accounts. Prepared and submitted payroll taxes accurately and on time.

Bookkeeping 246

Bookkeeping Bank Reconciliation QuickBooks Certified Bookkeeper 246

Gaviti

MAY 8, 2025

Understanding AI-Powered Cash Application Cash application is the process of matching incoming payments to the appropriate customer invoices. In many organizations, this process is still manual, involving tedious data entry, invoice matching, and reconciliation. This not only enhances accuracy but also accelerates the entire process.

AR 52

AR Data Entry Invoicing Accounts Receivable 52

Invoicera

DECEMBER 5, 2024

Dont you think if you are still stuck in the paper invoicing, you are costing your business more time and money? billion invoices are exchanged between businesses in Australia each year, with 90% still processed through traditional methods. Digitizing this system could save up to $20 per invoice.

Invoicing 40

Invoicing Billing QuickBooks Financial Reporting 40

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. Click on Select Invoices.

Collections 72

Collections Invoice Processing Accounts Receivable Accounts Receivable 72

Gaviti

APRIL 24, 2023

The AR team must identify problems and seek long-term solutions. For example, AR teams might use one system for invoicing and another for inventory management, but those two systems do not speak to each other. Then, choose AR solutions that meet your short-term needs and long-term goals. Every business is different.

Accounts Receivable 95

Accounts Receivable Accounts Receivable Account Receivables AR 95

Gaviti

DECEMBER 6, 2023

With the move to digital invoices and payments, managing receivables has become increasingly complex. Reconciling invoices and adjusting them on an individual basis, maintaining continuous communication with customers, and keeping track of invoices can end up consuming more time and resources than your A/R team can afford.

AR 52

AR Accounts Receivable Accounts Receivable Account Receivables 52

Gaviti

AUGUST 29, 2024

Regardless of the deadline on the invoice, you must determine when and if clients might pay. What Is Short-Term Accounts Receivable Collections Forecasting? Short-term accounts receivable collections forecasting” refers to the process of projecting payments the company will receive within a short period of time.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Collections 52

Nanonets

MAY 8, 2023

Start your free trial Accounts receivable (AR) is an asset on a company's balance sheet. This can be in the form of invoices , bills , or other types of documentation. Invoices are the most common type of accounts receivable. The customer has a certain period to pay the invoice, typically 30 days.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR 52

Nanonets

APRIL 19, 2024

Invoicing, for instance, is something that every single accounting team has to learn how to manage. At its core, invoicing seems simple: a vendor provides goods or services, details the items provided, and sends a bill to the customer (AKA an invoice). With Xero, invoice creation and every task following are much easier.

XERO 52

XERO Invoicing AR AP 52

Nanonets

APRIL 18, 2024

In today's fast-paced business environment, efficient management of accounts receivable (AR) and accounts payable (AP) is crucial for maintaining a healthy cash flow. Invoices are an essential part of this. Invoice creation and Invoice processing are critical steps in these processes.

Invoicing 52

Invoicing AR AP Accounts Payable 52

AvidXchange

SEPTEMBER 6, 2023

One such method is invoice factoring, which offers a unique way to manage cash flow. What Is Invoice Factoring? How Does Invoice Factoring Work? The process of invoice factoring typically follows the steps outlined below. Business and factor enter an agreement: The business accepts an agreement to work with a factor.

Invoicing 105

Invoicing Collections Accounts Receivable Accounts Receivable 105

Trade Credit & Liquidity Management

MAY 8, 2025

In today’s risk-heavy business climate, Controllers are expected to do more than close the books. They must ensure data accuracy across the systems that drive billing, collections, compliance, and reporting. Collections slow down. Up to 20% of customer data changes annually, and without updates, AR suffers.

AR 72

AR Collections Invoicing Auditing 72

Outsourced Bookeeping

MARCH 29, 2024

Nevertheless, many businesses have difficulties that impede their efforts to manage AR, including resource limitations, inconsistent invoices, and late payments. Businesses are increasingly using accounts receivable outsourcing as a strategic strategy in response to these difficulties.

Accounts Receivable 59

Accounts Receivable Accounts Receivable Account Receivables AR 59

Gaviti

NOVEMBER 29, 2022

It also gives companies the ability to move away from manual tracking in spreadsheets, to a real-time dashboard, which saves time and gives a full and reliable visualization of the current state of collections. So, how can using a collection dashboard help, and why is it so indispensable as a growth tool? First Pass Yield.

Collections 52

Collections Accounts Receivable Accounts Receivable Account Receivables 52

Outsourced Bookeeping

FEBRUARY 8, 2023

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.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Collections 52

Outsourced Bookeeping

FEBRUARY 8, 2023

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.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Collections 52

AP Association

JANUARY 21, 2020

Even AP itself at a higher level may be focused on invoice submission/approvals, adherence to the Purchase Order policy, processing payments, accurate general ledger coding, etc. This can include how to submit an invoice and how to request updates if their information changes. How to submit the request to vendor maintenance.

General Ledger 130

General Ledger AP AR Purchase Order 130

Outsourced Bookeeping

MARCH 17, 2023

A standard set of Accounts Receivable policies will mitigate the inefficiencies and pave the way for improved AR performance. Credit incentives, versatile payment options, credit review protocols and well-structured credit policies are some standard procedures we suggest for our clients at Outsourced Bookkeeping.

Accounts Receivable 59

Accounts Receivable Accounts Receivable Account Receivables AR Collections 59

oAppsNet

MAY 28, 2024

In the contemporary business landscape, where efficiency and accuracy are paramount, automating Accounts Receivable Automation (AR) processes stands out as a transformative strategy. Embracing AR automation allows businesses to transcend traditional barriers, optimize financial health, and foster strategic growth.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR 52

Gaviti

MARCH 21, 2023

It doesn’t matter how much in sales you generate if you never collect on your invoices, or if you keep losing vital invoices you are meant to collect on. A few accounts receivable solutions to this challenge include: Remind the customer that payment is due before the invoice due date. Make payment easy.

Accounts Receivable 78

Accounts Receivable Accounts Receivable Account Receivables Accounting 78

oAppsNet

MARCH 5, 2024

One area where digital transformation can profoundly impact is accounts receivable (AR) processes. Organizations can streamline AR processes, improve cash flow management, and enhance customer satisfaction by leveraging digital technologies and automation tools.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR 52

FundThrough

MAY 3, 2024

Summary: Key Takeaways about Accounts Receivable Financing Companies AR Financing vs. Factoring: AR financing uses invoices as collateral for cash advances, keeping customer relationships intact, while AR factoring involves selling invoices to a factoring company, which collects directly from customers.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR 52

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. The Importance of Accurate Accounts Payable and Receivable Tracking Why AP and AR Control is Important?

Accounts Payable 52

Accounts Payable Accounts Payable AR Outsourced Bookkeeping 52

Remote Quality Bookkeeping

MAY 15, 2025

For example, many platforms allow you to upload documents in bulk or sync directly with your bank and vendors rather than entering bills or invoices one at a time. 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.

Small Business Bookkeeping 52

Small Business Bookkeeping Business Bookkeeping Bookkeeping Outsourced Bookkeeping 52

Gaviti

APRIL 18, 2024

As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (AR) collections aging report. What Is an AR Aging Report? An aged receivables report is a tool that categorizes your company’s receivables in accordance with how long invoices have been outstanding.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR Collections 52