Accounts Receivable Management

Accounts Receivable Management Services

Accounts Receivable (AR), the money owed to you by a customer that purchased goods or services on credit, and how we manage it can make or break a business – businesses are unable to pay their bills and make payroll when there is not enough cash coming in. In many cases, properly managing AR starts well before the customer is invoiced.

What We Can Do

Properly setup and maintain customer list

Identify and select proper forms of payment and credit risks specific to certain customers

Generate and send invoices to customers, receive payments, accurately post against the correct customer invoice, and record bank deposits

Create and send monthly statements to customers to better manage collections

Create and provide AR aging reports to ensure accuracy of AR that will provide accurate financial analysis

Research reasons for late payments to uncover potential customer service issues

Benefits You’ll See

Efficiently managing AR will minimize Days Sales Outstanding (DSO) and diminish loss incurred due to bad debts

Staying in front of AR issues will minimize invoice disputes, the #1 reason invoices don’t get paid, and help maintain and/or improve healthy customer relations

Improve Cash flow and working capital by reducing risk of bad debts

Healthy AR Management leads to less time preparing for calls, managing disputes and soliciting customers for payment and has the greatest potential to generate future financing necessary for growth

Personal Care Super Support Guaranteed

Work one on one with Johnny Palermo himself to establish a well managed company culture that is aligned with your purpose.

Have a reliable support system the entire way. One of the core values at Palermo Business Solutions is humility. We will tell you exactly what you need to hear to achieve the goals you have set for your company.

We offer a satisfaction guarantee for our services if you are sitting on the fence of getting your life back on track. We only succeed if you succeed.