Accounts Receivable and Payable

Diligence, attention to detail, and commitment to excellence

Mind Your Business provides a high level of service to our clients. In addition, they make the extra effort to collaborate with us, the client’s CPAs, to further enhance their value. I never hesitate to recommend Mind Your Business to clients who are looking to hire an independent bookkeeper because of their diligence, attention to detail, and commitment to excellence.

 

—Elyse Perlik, CPA
Associate Director, SS&G

Accounts Receivable

In today’s cutthroat business world, companies need to be able to stay on top of their accounts receivable management. Inadequate accounts receivable management can result in delayed payment, which, in turn, can cause cash flow problems.

 

Any sales or services that have been provided but not yet collected are considered to be accounts receivable. Timely collection of accounts receivable is essential to your business’s financial health as it has a direct bearing on cash flow. If accounts receivable management is inadequate or untimely, your business may suffer as a result.

 

At Mind Your Business Bookkeeping, our accounts receivable specialists help clients manage the full array of accounts receivable management tasks, along with other bookkeeping needs, in order to help you leverage your resources and remain competitive in today’s challenging business environment.

 

Customizable Accounts Receivable Service Plans

At Mind Your Business Bookkeeping, we understand that no two businesses are alike. Your account management and bookkeeping needs are unique. Accordingly, we offer customizable service plans for each of our clients that can provide a number of services, including accounts receivable management services, bookkeeping services, payroll services, consulting/training, and specialized industry services.

Our accounts receivable specialists help you improve your cash flow through accounts receivable management including:

  • Client/customer billing and invoicing services

  • Collections

  • Implementation of electronic payment systems (via credit card and ACH)

  • Reconciliation of daily sales and receipts    

 
How We Can Help Improve Your Financial Health

At Mind Your Business Bookkeeping, we consider ourselves to be partners in your business’s financial health. By utilizing our accounts receivable management services, we can help you:

  • Reduce costs

  • Improve cash flow

  • Streamline recordkeeping by eliminating paper documents (such as invoices, purchase orders, and statements)

  • Eliminate extraneous costs, such as postage and material expenses

  • Increase revenue by providing cross-selling and up-selling opportunities

  • Increase your return on investment (ROI) of marketing programs

  • Improve customer satisfaction

  • Reduce time spent on collections

At Mind Your Business Bookkeeping, our focus is on helping you increase your cash flow and business efficiency by improving accounts receivable management.

 

Contact us to speak with one of our knowledgeable Chicago accounts receivable specialists and learn more about developing a customizable accounts receivable management plan.