Accounts Receivable Management Experts for Hire
Accounts receivable is the balance of money which is due to a firm for goods or services delivered or used but not yet paid for by customers. The amount of account receivable depends on the line of credit given to the customer. The credit given to the customer is within the agreed time frame for payment. Accounts receivable are recorded as assets on company’s balance sheets. These receivables are current assets, which means that account balance is due from the debtor in one year or less. If a company has receivables, this means it has made a sale on credit but money from the purchaser is yet not collected. This type of credit is usually provided to frequent clients and is invoiced periodically. You can hire freelance accounts receivable management services on some of the top freelance marketplaces, like Guru, for handling the payment and allocation cycle of the company effectively.
What Does Accounts Receivable Management Experts Do?
Accounts Receivable Management Experts are the professionals who manage the whole sales or payment process of an organization. They keep track of the receivables, which is a line of credit extended by a company. They understand the terms and conditions about payments which are given for a relatively short time period, ranging from a few days to a fiscal or calendar year. They frequently scan and monitor customers for credit risks. They identify the reason for non-payment which can be an administrative error in the invoice, goods or services not delivered, and many others.
Organization take accounts receivable management experts for hire as they directly contribute to a company’s profit because accounts receivable reduces bad debt. They detect late payments and complaints in due time. They prevent any bad debt to be added in receivables outstanding. Accounts payable are the opposite of accounts receivable. Accounts Payable Management experts are responsible to maintain company’s payable account when a company owes debts to its suppliers or other parties.
You can hire freelance accounts receivable management services online on Guru.com, one of the best platforms for finding freelance professionals. Before you hire accounts receivable management services, ensure that they can:
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Chase due/overdue payments via calls or emails
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Prepare daily and month end reporting and account reconciliations
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Liaise with the sales and client servicing teams
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Be efficient in credit control, credit management, collections, outstanding, account receivable
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Deliver as per the timelines
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Show high level of accuracy, efficiency, and accountability
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Build relationships with clients and internal departments
Qualifications of Accounts Receivable Management Experts
It is ideal that your freelancer has the following skills:
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Bachelor's/PG degree in accounting, finance, or a related field
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Earlier experience in Accounts receivable handling
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Hands-on experience in MS Office
Benefits of Hiring Accounts Receivable Management Experts
Hire freelancers on Guru to get your work done and they can:
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Give you a clear picture on your cash position by focusing on your accounts receivable, utilizing best practices, reminding customers to pay, identifying invoices earlier in the process, and making it easier for customers to pay
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Manage and improve working capital effectively which will give you insights for making strategic investment decisions
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Work on accounts receivable software which can automate various tasks and will reduce time in doing mundane tasks
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Improve customer service and satisfaction by keeping a regular track on payments due and sending the invoice in time
Guru Tip:
Before you hire a Freelancer online on Guru, see their All-Time Transaction Data to get a better understanding of their credibility, performance, and suitability for your job. All-time transaction data along with information on services and portfolio showcased by the Freelancer helps Employers make the right hiring decision on Guru.
Find the right Accounts Receivable Management Freelancer on the freelance portal, Guru, by posting a job for free.