Accounts Receivable Outsourcing Services in The

Managing your cash flow by utilising Accounts Receivable Services

For businesses, one of the most visible and most significant assets on a balance sheet is account receivable. It is unfortunate that even though business is aware of its significance, many businesses can’t give it the time and resources it deserves. Businesses spend more time and effort acquiring new customers and then delivering products and services than recovering money from them. It may affect cash flow and cause debts for the company if you don’t pay attention to account receivables.
While everyone wants to have smooth cash flow, this is impossible for every industry due to the credit period existing in these industries. Proper accounts receivable management allows you to find the right balance during this time between outstanding invoices and potentially lost wages. Accounts receivable management services might be just what you need to turn around your cash position, so talk to businesses about it today.
If you have been delinquent on accounts receivable, then our experts from Whiz Consulting will help to take control of your cash flow. We help you with accurate tracking of all aspects of your accounts receivable, allowing you to know with certainty if your customers are being paid in full on time. You can take comfort from knowing that we will track any account irregularities as well as manage your accounts receivable records. We will also analyse your overall accounts receivable situation to help you better manage it. Whiz Consulting’s experts will maintain records of bills and analyze the overall state of the accounts receivable portfolio for you, providing insights to make informed decisions about new strategies to pursue

Accounts Receivable Services We Offer at Mehasa Consulting

If you are facing any issue related to accounts receivable, contact us. Our experts can assist you in managing your receivables efficiently, helping optimize the business's cash flow.

Benefits of Accounts Receivable Outsourcing Services

Increase Efficiency

With an outsourced partner taking care of your accounts receivable, you can increase your efficiency by focusing on acquiring new customers

Cost-Effective

The cost of accounts receivable outsourcing is much more affordable compared to hiring in-house resources or CPA.

Reduce DSO

An outsourced partner helps you reduce Days Sales Outstanding (DSO) by recording every sale, collecting receivables, and keeping up-to-date with outstanding days.

Improve Client Relationships

Outsourcing partner creates a positive barrier between you and your clients as it deals with all clients for any information or collection; this helps maintain healthy client relationships

Why Choose Mehasa Consulting?

Mehasa Consulting is dedicated to providing services that will help to efficiently and effectively run your business while handling your accounting and bookkeeping needs. And with accounts receivable, we do the same. We are one of the top accounts receivable outsourcing companies in the USA, taking pride in streamlining your business’s cash flow. We take it on us to ensure your customers are paying on time and chalk out those who do not pay on time.

Our accounts receivable team are highly experienced and helps you get an accurate picture of your business in terms of receivable, bad debts and so on. Using the tool of your preference, such as QuickBooks, XERO and accounting software, we will create invoices and send the same to your clients. And then, we contact your clients directly on the invoices due. With virtual accounts receivable service from Whiz Consulting, you will get specific and tailor-made services to your needs.

Outsourcing your accounting receivable needs to an expert like us will help you in regular follow-ups on unsettled invoices, negotiate with the debtors, send out regular reminders, and discount the debtors. This will help you to facilitate prompt payment and improve cash flow.

Frequently Asked Questions (FAQs)

1. What is meant by accounts receivable?

Accounts receivable is a current asset of your business. Accounts receivable arise when customers buy goods or services on credit. These payments are yet to be received by specific due dates hence the name receivable. Payment received immediately is good for the business but not practically possible as you have to match up to the credit period offered by competitors in the industry. While it is best to avoid selling products or services on credit, each industry has a different credit cycle, which you also need to follow to keep up with competitors.

2. What is Days Sales Outstanding (DSO)?

Days sales outstanding (DSO) is the calculation of the average number of days required to collect payment for a sale. It is also known as the average collection period. A lower amount of DSO means fewer days to collect the accounts receivable. Higher DSO is a bad sign and indicates that the business fund is stuck, thus not allowing reinvesting frequently.

3. What is the difference between accounts receivable and accounts payable?

Accounts receivable is the money your customer owes to you, while accounts payable is the money you owe to suppliers. Simply said, accounts receivable are the amount you are to receive for products or services you offer. In contrast, accounts payable are the amount payable to the suppliers and the creditor for purchasing goods or services.