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 Accounts Receivable is the accounting process of dealing with  invoicing customers and recording sales transactions. While booking a receivable is rather straight forward accounting transaction, the process of maintaining and collecting payments can be a complicated and time consuming activity. Depending on the industry, customer payments can be received up to 10 - 15 days after the due date.

 

We assist our clients with preparing customer invoices and applying payments. We review AR aging reports on a regular basis and can help you with following up with customers for payments. Depending on the industry, we can prepare monthly customer statements and calculate interest charges.

The benefit to you is knowing that all your sales are recorded and that customer are being contacted to collect outstanding payments. Accelerating your cash flow allows you to make better informed and timely decisions around your business finances.  

If you'd like to discuss our Bookkeeping solution give us a call - (416) 803-5638.

 

 

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A Toronto Canada based Accounting & Consulting practice for small & medium-size businesses.
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Galloway Consulting Group  - Accounting & Bookkeeping Toronto
Bookkeeping provided for small and medium size businesses in Toronto, North York, Scarborough, East York, Markham, and Concord.

Experts in QuickBooks set up , QuickBooks training, and QuickBooks implementations.


Get the Information Your Business Needs to Thrive
Making sound business decisions means having a clear picture of your financial situation in front of you at all times - yet the daily demands of running a small enterprise can be overwhelming. As a result, financial record keeping and reporting often don't get the attention they truly deserve. Galloway Consulting Group changes all that. We are your bookkeeping partner, helping you stay on top of your finances so you can make better, more informed business decisions. In addition to taking paperwork off your plate, we also pinpoint the key numbers critical to the performance of your specific enterprise, and make sure you have them in hand whenever you need them.