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About 'account receivable job description'|The difference between a Business Controller and a Financial Controller (and their typical job description)







About 'account receivable job description'|The difference between a Business Controller and a Financial Controller (and their typical job description)








Do               you               have               cash               flow               coming               in               on               a               regular               basis?

As               a               home               based               business               are               your               clients               paying               you               when               they               should?

Chances               are               you               are               not               getting               paid               on               time               and               that's               why               it's               important               to               keep               on               top               of               your               invoices.

If               you               cannot               do               this               yourself               then               it               would               be               wise               to               hire               someone               to               handle               this               along               with               your               other               miscellaneous               duties.

Trying               to               collect               on               your               delinquent               receivables               can               take               valuable               time               away               from               you               making               your               business               grow.

Your               ideal               situation               would               be               for               you               to               be               able               to               spend               time               on               generating               new               leads               and               creating               new               sales.

We               can               all               attest               to               the               fact               that               some               clients               just               don't               pay               on               time               because               that               is               how               they               handle               their               account               receivable               department.

To               make               sure               your               invoices               are               paid               you               should               bill               your               clients               as               soon               as               a               job               is               completed.

This               makes               sure               they               receive               the               bill               while               the               service               you               performed               is               still               fresh               in               their               mind.

Have               a               big               company               attitude.

Even               though               you               are               a               small               business               you               should               present               yourself               and               your               company               as               a               large               reputable               company               instead               of               a               small               reputable               company.

Be               as               professional               as               you               can               with               your               invoices.

A               professional               looking               invoice               is               more               likely               to               get               more               attention               and               just               might               get               you               paid               faster.
               Your               invoices               should               be               as               concise               and               precise               as               possible.

Be               specific               when               you               send               out               an               invoice.

Your               invoice               should               spell               out               the               exact               date               payment               is               due.

Things               to               include               on               your               invoice               are               your               business               name               and               the               invoice               date;               business               phone               number,               the               clients               name;               description               of               the               service               provided;               amount               due               and               terms               of               payment.
               Another               way               to               entice               your               clients               to               pay               is               by               adding               terms               to               your               invoices               such               as               a               3%               discount               if               the               bill               is               paid               in               10               days.

Some               businesses               offer               a               discount               if               paid               in               30               days.
               During               these               tough               economic               times               it               may               take               more               than               an               invoice               to               get               your               money.

You               may               need               to               revert               to               collection               letters               which               basically               serve               as               reminders               that               the               debt               is               owed.

Your               letters               can               certainly               escalate               to               a               harsher               tone               if               the               need               arises.

Sending               out               letters               of               this               sort               serves               as               a               reminder               that               non               payment               is               not               an               option.

The               best               case               scenario               is               for               you               to               get               your               money               and               at               the               same               time               maintain               goodwill               between               you               and               your               client.

Sometimes               it's               a               juggling               act               to               get               both               done.






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