Automate Your Way to Effortless Accounts Receivable (ar)
Accounts receivable (AR) is essential for keeping your cash flow healthy and your business running smoothly. At Fiscal Integrity Group, we make AR management effortless—tracking your invoices, monitoring customer payments, and following up on outstanding balances so nothing slips through the cracks. Our team ensures your records are up-to-date and your receivables are collected promptly, helping you maintain strong client relationships and steady cash flow. With FIG handling your accounts receivable, you can count on faster payments, fewer overdue accounts, and more time to focus on growing your business with confidence.
Accounts Receivable (AR) Explained.
Accounts receivable (AR) is the money a business is owed by customers for goods or services that have been delivered but not yet paid for. It's an asset on a company's balance sheet.
It's a legally enforceable claims for payment held by a business for goods supplied or services rendered that customers have ordered but not paid for.
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The Accounts Receivable Process
Receive Customer Orders
Customer places an order, approved by the business
Credit Assessment
Evaluate customer's creditworthiness if selling on credit
Invoice Creation
Generate and send invoices to customers
Collections Management
Monitor payments and follow up on overdue accounts
Payment Terms and Deadlines
1. Net 30
2. Net 60 or Net 90
3. Due upon receipt
4. Net 10 EOM
Best Practices for Accounts Payable
Built on integrity and expertise, our firm delivers exceptional personalized service that goes beyond standard accounting practices.
Clear Policies
Establish clear payment policies and procedures
Efficient Processes
Have a clear processes and system
Utilize Technology
Utilize technologies so as to streamline processes and have a stable system
Regular Review
Regularly make a full review on all the processes and system
Contact Info
Ready to take control of your finances? Contact us today to schedule a consultation.
Let's discuss how we can help you achieve fiscal integrity and peace of mind.
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