Invoicing System

• Develop an efficient invoicing system to meet your accounting and job costing needs

• Implement industry best practices to manage customer credit checks and collections

• Define & communicate Payment Terms (i.e. whether interest charges will be collected on past due invoices or delinquency will be reported)

• Enforce Payment Terms

• Automate repetitive functions

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Data Entry

• Create Custom Templates

• Manage data entry and standardize input with item codes

• Verify data (get invoice approval), process it into an invoice and submit it to customer

• Utilize customer's invoicing platform

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Customer Management

• Strengthen customer relations with increased communications

• Monthly Statements and follow-up calls

• Reduce bad debt risk by performing customer credit checks

• Resolve issues quickly so that they do not become disputes

Applying Customer Payment

• Receive payment in client's accounting software

• Focus on invoicing accuracy to apply payments deposits to appropriate outstanding invoice

• Properly apply credits and discounts

1st Party Collections

• Collect past due receivables as an extension of your staff

• Process that increases customer contact to enforce agreed payment terms

• Statements sent to customers monthly

• Follow-up call to all customers with past due invoices

• Document delinquency & dispute process (credit bureau reporting)

• Provide weekly DSO Report (Days Sales Outstanding) to enable management to monitor receivables progress