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Receivables Management

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Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person

Monthly Bookkeeping, Payroll, Financial Statements & Tax returns for Starting At AU $ 100 Per month For Business owners

Quality Driven Approach

QuickBooks And Xero Certified Experts

50% Reduction
In Costs

Part Time / Full Time Resources For

  • CPA Firms
  • Bookkeeping Firms
  • Business Owners & Startup Companies
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Starting from AUD 700 for 40 hours months
Starting from AUD 2100 for 160 hours months

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Bookkeeping software expertise

Our excellent software capabilities allow you to get the advantage of the latest bookkeeping software available in the market. Some of the bookkeeping software that we use are QuickBooks, Net Suite, Quicken, CSA, Peachtree, MYOB, Sage, Creative Solutions’ Ultra-Tax and Intuit’s Pro Series. We specialize in all of these modern cloud accounting tools.

saasu

intuit QuickBooks

netsuite

wave

Freshbooks

odoo

Xero Gold Partner

zoho books

simply accounting by sage

yendo

Our Services

We are a group of professionals who offer accounting and bookkeeping services to our clientele across the AU. We offer standard as well as tailored accounting and bookkeeping solutions based on the specific requirements of our clients, ensuring them the best results with our services.

Setting up Xero/Quickbooks

Fill out our checklist to complete the Setup of your Cloud Software in a day. We provide step by step guidance.

Day to Day Bookkeeping

We will ensure that your books are upto date on the daily/weekly basis so you can stay on top of the Financial position.

Year End Finalisation

We shall provide you complete Financials which can easily be used in preparation and completing Corporate Tax Return.

Payroll Setup and Processing

This covers filing your Payroll through Single Touch Payroll system, TFN Declaration, Superannuation Return filing, Installment Activity Statement filing & PAYG Calculations.

GST in Australia

We shall reconcile your GST input Credit account and Output liability account.

Monthly Management Reports

We provide customized reports based upon client requirement. (Sales Perfomance, KPI’s, Overheads reporting, etc)

Bookkeeping for CPA's

We provide end to end bookkeeping solutions for CPA’s and bookkeepers in the AU.

BAS Returns

We deal with BAS very closely for our clients to ensure that GST claim is correctly calculated and Submitted Timely.

Annual Company Tax Return

We shall do your Individual & company Tax filing through your ATO login.

Why are we the 1st choice of AU Businesses for Accounting & Tax Return Preparation

Reduce 50% in Current Costs

You will see a Cost reduction of at least 40-50% as compared to local Bookkeeper or Accountant.

Self Hosted PMS

Our standardized processes and decent Project Management system helps to communicate with you clearly and efficiently.

Faster Turnaround

We generally reply to every emails same day or within maximum 24 hours.

Starting from

US $10 Per Hour Bookkeeping service

Detailed & Regular Work Updates

We send emails that carry all the necessary information you need to carry out business operations.

Monthly Meetings with CPA

We conduct monthly meetings with CPA’s for effective communication and understanding client needs.

Meeting Deadlines

We finish all our work prior to deadlines to prevent any kind of chaos during finalization. .

Detailed Checklists

We prepare a well-defined checklist of all the requirements for you so that you don’t have any confusion.

High Quality of Work

Our Standardized Procedures and Checklists will ensure error free work. .

Cloud AddOns Expertise

Hubdoc

With Hubdoc, you can automatically import all your financial documents & export them into data you can use.

Gusto

Gusto offers fully integrated online payroll services that includes HR, benefits, and everything else you need for your business.

Spotlight Reporting

Attractive performance reports quickly and efficiently. Ideal for organizations that need deeper insight and analysis.

Receipt Bank

Receipt Bank converts those annoying bits of paper – receipts and invoices – into Xero data!

AutoEntry

AutoEntry captures, analyses and posts invoices, receipts and statements into your accounting solution.

Shopify

Connect Shopify and Xero to effectively manage your online sales, inventory and accounting requirements.

Explore more Cloud addons

Are your customers not paying in a timely fashion?

Is that affecting your cash flow, and it costs you bad debts? Then, the solution of these is to have systematic payment plans from the customer. Meru accounting provides Receivable management services in U.S.. A record receivable management merges tied in with guaranteeing that clients pay their solicitations or invoices. Great receivables management specifically adds to an organization’s benefit since it lessens terrible debts.

The organization likewise has a superior income and higher accessible liquidity for speculations or acquisitions. Besides, great receivables management boosts an organization’s professional image.

  • Reducing the total balance outstanding (DSO)
  • Preventing any bad debt in receivables outstanding
  • Determining the customer's credit rating in advance
  • Frequently scanning and monitoring customers for credit risks
  • Maintaining customer relations
  • Detecting late payments in due time

Meru Accounting's plan for accounts receivable management

With the Receivable management services in India by Meru accounting, you can be assured of your cash flows at timely intervals. We do a regular follow up for receivables through email as well as through phone call. We can also use a specific email ID created for your domain ([email protected]) from which we can do email marketing for your organization.

1.

Clear policies for credit approval.
Set clear policies for credit approval which could include bank reference, trade reference, financial statement, and so forth.

2.

Send invoices for customers timely.
It might appear to be self-evident, but if money is to be gathered, at that point, the client must be invoiced. Therefore, it is basic that the receipt is conveyed rapidly and precisely. So, the receipt of your invoice sent is the main sign that an organization gets the productivity of your debt collection system.

3.

Accounting for receivables.
Two key methods of speeding up cash collection from accounts receivable are by using factoring and also early settlement discounts, which, thus, helps in easy tracking the payment from customers.

4.

Tracking of overdue payments.
So, you can easily track the payments from the customers that are overdue. We also do a regular follow up for receivables through email or a phone call.

5.

Making aged Payables report.
This shows the amounts outstanding from each customer and also for how long they have been outstanding. This will, thus, show any breaches of the credit terms.

6.

Stay organized by Automation with Online billing tools.
Automating receivables management allows you to link all the systems. This, then, improves workflow efficiency. It also provides a better insight into generating cash flow and customer reports.

Purpose of Receivables Management

For a business, receivables management stands to be the core part as it helps in maintaining the soundness of cash flow. Receivables management does not only mean getting paid on time from the clients or customers, but it also aids in building great relations with them and empower the goodwill of a company. Here are some purposes for which generally a business undertakes receivables management.
  • Direct cost accounting:
Receivables management ensures the financial viability of a business and also ensures the cash flow comes in regularly. Thus, it’s a core requirement of any business.
  • Getting paid on time

Every business has the daily requirements of finance like, to run daily chores properly, to pay bills, to pay employees, etc. So, the question is if the business itself won’t get paid from its clients than how would it pay the requirements? Then, here the receivables management comes into the picture to secure financial needs.

  • Reduces working capital needs
Generally, a business has to make a provision to fulfill the day to day working capital needs. But, this provision can cut if there is timely payment received from the clients. So, to ensure this, receivables management is a must.
  • Happy customers
Receivables management sets a proper system for billing and also getting the payment timely, which is inevitable. It also ensures that this process goes hassle-free. Thus, it makes sure that customers go through a very smooth operation of payment resulting in happy customers. That, of course, eventually means more business!
  • Managing relations with customers
Usually, issues with customers come at the time of billing or invoicing, and mainly it is caused by some misunderstanding. But, if a business has a receivable management team separately, such possibilities get eliminated, and good relations with customers can be established and managed efficiently.
  • Setting a brand that focuses on process
Receivables management also helps in establishing a systematic process for receiving payments from customers, which ensures smoothness in the process. Thus, it turns a business into a brand that speaks with its integrity and values.
  • Lending to customers having better credit ratings
Receivables management deals with analyzing clients and their credit soundness. Thus, it helps a business while coming into contact. It also helps in setting the lending agreement, as many a time a company lends some products or goods on a credit basis. Hence, receivables management can save a business from entering into such doubtful contacts.
  • Reducing outstanding balance
A separate receivables management team looks after receiving timely payments from clients and reducing the risk exposure of the business from a defaulting. As a result, the inflow of amount remains regular, which eventually reduces the outstanding balance occurred because of payments due to be received.
Reducing bad debts

As receivables management takes care of receiving payments from clients on a regular and pre-decided basis, it reduces the risk of bad debts and, therefore, saves financial soundness of a business.

So, that’s how if a business opts for receivables management, it can have many benefits and can also focus on its core business with no worry of receiving pending cheques from clients.

Check out our Blog on – Why account receivable management is necessary for businesses?

 
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