Accounts receivable may not be exciting, but it helps you get paid. In business, it doesn’t get much more important than that. We can help you create a consistent, effective accounts process – and keep that money flowing.
Accounts receivable is about getting paid for the work you do – in business, it doesn’t get much more important than that.
The process covers every part of the payment lifecycle – finding customers, communicating expectations, billing correctly and following up on late invoices.
Here’s how to build an effective accounts system in your small business:
Consistency is key
Having an accounts receivable plan is the first step – the next is following it, every time. From selecting clients to clear policies, prompt billing and thorough follow-ups, it’s all about consistency. That way, you won’t have unpaid bills and rogue clients slipping through the cracks.
Ready to create an effective payment process? Our expert accounting team can help.
The following content was originally published by Xero. We have updated some of this article for our readers.