Accounts Receivable and Payable Management
“Accounts receivable is any money your customers owe you”
“Accounts Payable is money owed by an organisation to vendors.”
Accounts receivable Management
“Accounts receivable management is the process of ensuring that customers pay their dues on time.”
Credit sales now a day has been a crucial part for any business and as a result, account receivable management function has become vital & crucial.
How BeJO Solutions can help you?
Our account receivable outsourcing service enables you to effortlessly deal with key functions that impacts operating cash flow, which is sine qua non for maintaining a strong and vibrant business. Our service will enable you enhanced control over every outstanding account with consistent follow-up and extensive periodic reporting facilitating smoother cash flow and accurate accounting. Our services include:
- Invoice preparation and sending to customer on timely manner
- Record and account for invoices, revenue and short pays
- Interest, Late fees, discount, deductions etc. processing
- Issuing and accounting for credit memos and refund cheques approved by you
- Ageing Analysis
- Late notices and reminders for collections
- Periodic Accounts Receivable (weekly, biweekly, monthly, quarterly, yearly) reporting
- Continuously monitoring any risk of non-payment or delay in receiving the payments
Accounts payable Management
“Accounts payable Management is the process of ensuring that vendors are paid their dues on time.”
It is essential to pay off the dues of vendors in timely as reputation of the organisation is closely related with this.
How BeJO Solutions can help you?
- Receipt and channelize the bills
- Matching bills with PO if required
- Accounting for the bills received
- Preparing payment schedule for different vendors and their payment terms
- Interest, Late fees, discount, deductions etc. processing
- Receiving and accounting for debit memos and refund cheques
- Sending payable report at the start of the week about the payments due during the week
- Ageing analysis
- Periodic Accounts payable(weekly, biweekly, monthly, quarterly, yearly) reporting
