Cash flow management is a must for all kinds of businesses, and one of them is accounts receivable. Accounts receivable is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivable are listed on the balance sheet as a current asset. An account receivable is any amount of money owed by customers for purchases made on credit.
Accounts receivable is an asset account on the balance sheet that represents money due to a company in the short term. This is the income that a company makes, which enables it to cater for expenses.
Having lots of customers is great. But if some of them pay late or not at all, they might be hurting your business. Late payments from customers are one of the top reasons why companies get into cash flow or liquidity problems.
When you have a system to manage your working capital, you can stay on top of issues like these. Calculating your business’s accounts receivable turnover ratio is one of the best ways to keep track of late payments and make sure they aren’t getting out of hand.
FBC provides account receivable outsourcing services to all sizes of companies in the UAE, to smooth out account receivable management services. The primary benefits of outsourcing the FBC team are reduced manpower, avoidance of errors, compliance, and on-time service from experts. Along with all these, FBC also provides complete reporting with all required metrics and business summaries.
You can book your appointment by just dialing or sending a WhatsApp message to +971 52 302 7682
You will be assigned to a respected consultant based on your requirements. Our skilled experts will then get in touch with you for consultation.
If all of the necessary facts and documentation are provided during the consultation, our professionals will complete the work in the shortest period feasible.
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