Keeping Track of Invoices

Accounts Receivable

Managing finances effectively requires meticulous attention to detail. At Coastal Bookkeeping, we prioritize tracking unpaid invoices. Our goal is to ensure that all due amounts are received promptly, and accounting systems like Quickbooks are updated accurately. This ensures that your financial records are always up-to-date and reflect the true state of your business.

Confirm Cash Flow

By having a holistic grasp of your Accounts Receivable, you as the business owner can make more informed decisions

Work "ON" your Business

We are here to help you make the high-level decisions with up-to-date reporting of your Accounts Receivables... so you do not have to

Affordable Pricing

With a focus on helping small businesses and real estate customers, we have positioned ourselves to offer Affordable Pricing options

What is Accounts Receivable?

Accounts Receivable (AR) represents the amounts owed to a business by its customers. These amounts arise when a company provides goods or services to its customers on credit terms. Essentially, AR is the money that customers owe to the company for a service or product they’ve received but haven’t yet paid for.

Why is Accounts Receivable Important?

  • Cash Flow Management: AR is a significant component of a company’s working capital. Efficiently managing AR ensures a steady cash flow, which is vital for the day-to-day operations of a business.
  • Customer Relationships: Proper management of AR involves regular communication with customers, which can help in building and maintaining strong relationships.
  • Financial Reporting: AR is a critical element of a company’s balance sheet, reflecting its short-term financial health and the amounts expected to be collected in the near future.

Components of Accounts Receivable

  • Invoices: These are bills sent to customers after they’ve received a product or service but before they’ve paid for it.
  • Credit Notes: These are issued when a customer returns a product or when there’s an error in the invoice. It reduces the amount the customer owes.
  • Payment Terms: These dictate the time frame within which a customer must pay the invoice. Common terms include net 30, net 60, etc.

Benefits of Accounts Receivable Management

  • Improved Cash Flow: Timely collection leads to a steady inflow of cash.
  • Reduced Bad Debts: Regular follow-ups and early identification of potential defaulters can reduce the chances of bad debts.
  • Enhanced Customer Relationships: Clear communication and understanding of credit terms can lead to better relationships with customers.

Streamline Your Accounts Receivable

Our Process

Easy Step Process

Consultation

Initial Phone Conversation to determine needs and how Coastal Bookkeeping Services can provide value

First Step
Fee Determination

We will take a look into your current financial circumstances and determine a corresponding fee

Second Step
Written Proposal

If the Fee is accepted, Coastal Bookkeeping Services will put together a written proposal to get started

Third Step
Why Choose Coastal Bookkeeping for Accounts Receivable Management

Simplifying Accounts Receivable

We understand the complexities of managing Accounts Receivable. Our goal is to simplify this process for you. Leveraging modern technology and our extensive experience, we aim to transform Accounts Receivable from a concern into a seamlessly managed aspect of your business.

Consistent Reporting

Timely and accurate reporting is crucial. With our vast experience in managing Accounts Receivable, we ensure that you receive consistent reports, helping you track payments and outstanding amounts.

Cost Efficiency

Outsourcing Accounts Receivable management can lead to significant cost savings. Instead of hiring a dedicated in-house team, our services allow you to allocate funds to other growth-centric activities.

Ongoing Support

Our commitment is to you. The Coastal Bookkeeping team is always ready to assist, ensuring that you receive personalized attention and support whenever you need it.

happy business partners doing accounts receivables
Testimonial

Our Clients Reviews

Beverly Cole-Luchansky
Beverly Cole-Luchansky
2023-01-24
Coastal Bookkeeping assisted me and my accountant with re-preparing books for five years of income taxes filings for my business. Kevin was able to get my books in great standing within five weeks. He meet the accountant's strict deadlines and made the entire experience run smoothly for me. He was extremely knowledgeable, professional and communicated with me throughout the entire process. Give them a try, you won't find a better company to work with.
Brody Rotzoll
Brody Rotzoll
2023-01-19
Coastal Bookkeeping has done an amazing job with cleaning up our companies books. There is nothing like being able to work on your business instead of inside your business. Thank you Kevin for everything!
Kevin Thomas President Photo

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