Is accounts receivable part of bookkeeping?
Accounts Receivable ensures that there is a constant flow of communication between your business and customers. This can be an immense challenge if you have a larger organization that needs to [...]
What’s the difference between a bill and an invoice?
A bill is usually far more immediate than an invoice and is usually sent promptly with the expectation for the receiver to pay instantly or quickly depending on the company issuing [...]
Is billing part of accounts receivable?
Accounts receivable is essentially the balance of money owed to any given business by customers for goods or services that were previously distributed. It is a heads up that you have [...]
Why is customer communication important?
A great way to examine the importance of communication is to put yourself in your customer's mindset. If you've ever been on the other side as a customer then you know [...]
How does outsourcing improve efficiency?
One of the great benefits of utilizing outsourcing to increase efficiency includes the reality that they will be better at the job than your staff. This of course isn't something you [...]
What are the six types of invoicing?
The Pro Forma invoice is not a demand for payment by any stretch, but rather is a convenient way to inform the customer of how much they will end up paying [...]
What are the most important goals of accounts receivable?
The first task that accounts receivable should be handling is the task of maintaining balance across all customer accounts. This requires a working knowledge of the intimate details of each individual [...]
What are 3 different types of billing systems?
Essentially, a billing system is a set of protocols and procedures to ensure that everything is copacetic across the billing process. It ensures that everything is working fluidly in a coherent [...]
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