ACCOUNTS RECEIVABLE (Trade Debtors)

Raising of Invoices

• Collect and collate information on “work performed” and/or “products sold” to form the source basis of invoices. NB: Time billing solutions are also offered.

• Generate invoices in the accounting system.

• Send the physical invoices to clients whether by post or email.

• File copy of invoice into Current A/R folder.

Receipt of Payments

• Collect and collate remittance information whether from post, bank statements, faxes, emails etc.

• Apply customer payments to invoices

• File “Paid” into Archive A/R.

Collection & Customer Statements

• Generate monthly Customer Statements.

• Send statements to clients

• Monitor customer payments and follow up on unpaid invoices.

• Operate a collection policy with escalating reminders and follow up