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Accounts ReceivableServices

Accounts Receivable (AP) today has evolved from a tactical, transaction-focused process to a strategic business function that optimizes working capital, enables greater savings for the business and helps improve supplier relationships.

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Shreya Pandey
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Finemate Consultants Pvt. Ltd
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Accounts Receivable Services Overview

Accounts receivable services help you keep track of customer payments and manage your cash flow. This can include tasks such as invoicing, collections, and customer service. In addition, accounts receivable services can provide valuable insights into customer behavior.Accounts receivable services provide your business with the tools and resources you need to streamline invoicing, collections processes and payments.

What Are The Benefits of Accounts Receivable Services?

(1) Improved cash flow.

(2) Reduced administration costs.

(3) Increased visibility into your customer base.

(4) Increased focus on running your business.

What is the Process of Accounts Receivable Services?

(1) Customer onboarding.

(2) Receive orders and send invoices.

(3) Collections

(4) Cash reconciliation and posting.

Documents Required For Accounts Receivable Services?

(1) Purchase order.

(2) Customer invoice.

(3) Performance bank guarantee.

(4) Packing list

(5) Certificate of origin

(6) Certificate of insurance

FAQs

(1) What is Accounts Receiable Services?

(2) What are the duties of account receivable services?

(3) What are the difference between account receivable and account payable?

(4) What is the goal of account receivable services?

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