Account Receivable Services

For every organisation managing account receivable service is one of the crucial tasks, account receivable services directly affect the cash flow of the organisation and impact the working-capital balance of the organisation. In order to ensure smooth, economical and efficient working capital, every organisation must focus on its account receivable services. Long standing account receivable must be deal with utmost care and diligence as it may have large probability of turning into bad debts and may go for litigation result into unnecessary and avoidable litigation costs. Account receivable services need continuous monitoring and follow-up in order to keep it on track. Organisation must consider the factors which affect the account receivable services and continuously need to overhaul its policies and guidelines to streamline the factors affecting account receivable services.

Some Key Factors which influence account receivable of the organisation:

• Contractual Obligation as per contract
• Normal time period of bills receivable
• Reduced time period of bills receivable with discount facility
• Extended time period of bills receivable
• Timely completion of services as per bills receivable
• Timely providing of orders as per bills receivable
• Release of bond amount or security deposit after clearing all bills receivable
• Adjustment in bond amount or security deposit from pending bills receivable
• Milestone receipts as prescribed in long duration agreement / contracts
• Milestone receipts subject to specified percentage of fulfilment of task as prescribed in long duration agreement / contracts

We at ReturnFilings.com will understand the nature of the organisation. We analyse the financial statement, contractual obligation, agreement undertaken by the organisation, normal providing of goods and services, mapping all these with the cash inflow to account receivable services, and thus understand the pattern and report on strategies to be implemented to increase working capital and manage account receivable services of the organisation. Our account receivable service includes:

• Document Scanning and storage: We at ReturnFilings.Com will provide services for tracking and maintaining all bills receivable based upon documents, we scan these documents and store them electronically. This will enable to easily track and extract any invoice, even pertaining to past periods.
• Invoice data capturing and mapping with cash inflows: We at ReturnFilings.Com provide services for capturing and recording data of account receivable in accounting software or in any ERP, post recording and capturing bills receivable we map it with cash inflow and prepare report on ageing of bills receivable.
• Invoice Exception: We at ReturnFilings.Com use to regularly follow-up with the parties involved in bills receivable and update its report on ageing analysis along-with observation and comments of follow-up and remarks as received from parties. This will prompt and enable us to create invoice exception report based upon transaction dealing and historical data.
• Invoice Payment Services: We at ReturnFiling.Com will map the bills receivable with the cash inflow and prepare the bucket of number of days for which bills have time period to realise. We segregate the realisation of bills receivable as per the bucket of number of days and prepare our cash flow accordingly.

We at ReturnFilings.Com will assist and provide our Account receivable Services for your organisation; we make it happen through the team of our professionally qualified staff. We at ReturnFilings.Com will provide you value added services which will be based on our study after analysing your business scenario. We at ReturnFilings.Com are determinate to provide end to end solution; our motto is you concentrate on your business while we at ReturnFilings.Com will take care of all your account receivable services and other compliances needs.

For every organisation managing account receivable service is one of the crucial tasks, account receivable services directly affect the cash flow of the organisation and impact the working-capital balance of the organisation. In order to ensure smooth, economical and efficient working capital, every organisation must focus on its account receivable services. Long standing account receivable must be deal with utmost care and diligence as it may have large probability of turning into bad debts and may go for litigation result into unnecessary and avoidable litigation costs. Account receivable services need continuous monitoring and follow-up in order to keep it on track. Organisation must consider the factors which affect the account receivable services and continuously need to overhaul its policies and guidelines to streamline the factors affecting account receivable services.

Some Key Factors which influence account receivable of the organisation:

• Contractual Obligation as per contract
• Normal time period of bills receivable
• Reduced time period of bills receivable with discount facility
• Extended time period of bills receivable
• Timely completion of services as per bills receivable
• Timely providing of orders as per bills receivable
• Release of bond amount or security deposit after clearing all bills receivable
• Adjustment in bond amount or security deposit from pending bills receivable
• Milestone receipts as prescribed in long duration agreement / contracts
• Milestone receipts subject to specified percentage of fulfilment of task as prescribed in long duration agreement / contracts

We at ReturnFilings.com will understand the nature of the organisation. We analyse the financial statement, contractual obligation, agreement undertaken by the organisation, normal providing of goods and services, mapping all these with the cash inflow to account receivable services, and thus understand the pattern and report on strategies to be implemented to increase working capital and manage account receivable services of the organisation. Our account receivable service includes:

• Document Scanning and storage: We at ReturnFilings.Com will provide services for tracking and maintaining all bills receivable based upon documents, we scan these documents and store them electronically. This will enable to easily track and extract any invoice, even pertaining to past periods.
• Invoice data capturing and mapping with cash inflows: We at ReturnFilings.Com provide services for capturing and recording data of account receivable in accounting software or in any ERP, post recording and capturing bills receivable we map it with cash inflow and prepare report on ageing of bills receivable.
• Invoice Exception: We at ReturnFilings.Com use to regularly follow-up with the parties involved in bills receivable and update its report on ageing analysis along-with observation and comments of follow-up and remarks as received from parties. This will prompt and enable us to create invoice exception report based upon transaction dealing and historical data.
• Invoice Payment Services: We at ReturnFiling.Com will map the bills receivable with the cash inflow and prepare the bucket of number of days for which bills have time period to realise. We segregate the realisation of bills receivable as per the bucket of number of days and prepare our cash flow accordingly.

We at ReturnFilings.Com will assist and provide our Account receivable Services for your organisation; we make it happen through the team of our professionally qualified staff. We at ReturnFilings.Com will provide you value added services which will be based on our study after analysing your business scenario. We at ReturnFilings.Com are determinate to provide end to end solution; our motto is you concentrate on your business while we at ReturnFilings.Com will take care of all your account receivable services and other compliances needs.