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How Accounts Receivable Professionals Can Help You

Accounts receivable (AR) refers to money that is owed to your business by clients. These clients are sometimes referred to as debtors. It is the legal right of a business or person to receive payment for goods or services supplied. The process of accounts receivable is ensuring that your clients pay on time. AR is generally recorded on a company’s balance sheet as an asset. When a balance sheet shows receivables, this means that a sale has been made but the money has not been received as yet. This type of credit is usually provided to frequent clients and is invoiced periodically. This eliminates the hassle of having to pay each invoice individually each time a purchase is made. On Guru, you will find skilled freelancer accounts personnel for your business.

The AR team is responsible for receiving funds on behalf of the company and allocating such payments according to the current pending balances. An AR Age Analysis is used to report all money that are outstanding and due to the company. Your business can use the debtor’s book as collateral when obtaining a loan. Debt is recorded as a debit and once a payment is received, or a return is accepted, the amount is credited. It is important to track customer credit before approving an application for credit. Hiring a freelancer AR person allows you to receive money on time without hindering business relationships. A dedicated accounts receivable clerk provides professional service. provides a platform where you will find freelance accounts receivable specialists that will assist your business to eliminate bad debt.

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Jul. 2019

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