Why do business owners tremble over managing
Accounts Receivable and Accounts Payable?
Nothing can have a more devastating impact on your business – your ability to serve and grow – than struggling to collect overdue payments from your customers or clients and then struggling to keep up with your own responsibilities.
What is Accounts Receivable and Accounts Payable?
Keeping track of your receipts and receivables – their age, size, average time for turnover – reveals important trends for the management of your business. Of course your ability to pay your own obligations, maintaining access to credit, and strong relationships with your suppliers, is tied to collection of receivables.
How can RJL Business Services help?
It’s often in this arena that you’ll find our bookkeepers in conversation with you. For example, keeping you apprised of timely opportunities to make purchases or when belt-tightening is necessary.
Accounts Receivable and Accounts Payable are the foundation of your business. At the same time, they probably are the least enjoyable. After all, who likes asking, nudging and maybe even begging customers to pay? Nobody likes having to choose between punishing late payers with halted deliveries or risking more debt from those same customers.
Notably the outcome of either of these alternatives is equally challenging.
How do you continue to fund your own operations, your own financial obligations, your own marketing initiatives to grow, if the receivables never get stamped ‘paid’?
Its important to realize that our bookkeepers’ eyes are continually reviewing these numbers. Furthermore they communicate quickly with Accounts Receivable and Accounts Payable professionals on your team.
Can you really manage our AR/AP?
Likely you do not enjoy the constant need to manage Accounts Receivable and Accounts Payable. For the most part it’s uncomfortable. It can even be dangerous for your business’ health and growth.
That’s why we recommend: let us do it for you.
Streamlining and easing the process is our specialty. In fact, as your business grows, you’ll appreciate our ability to add to your team. Perhaps one of our CFO professionals and a bookkeeping assistant can manage your numbers for you. Moreover, you’ll appreciate their ability to interpret the numbers for your decision making needs.
We’ve heard more than once that carrying that weight for our clients – carrying it for you – lifts mountains of stress off shoulders that have plenty of other productive functions to handle.
With our meticulous systems in place, your business will have tight control of the full spectrum of Accounts Receivable/Accounts Payable management.
Can RJL collect faster?
Monitoring, following up, and creating a plan to collect cash faster and pay your bills in a timely fashion is our goal. It’s a big weight off you. Both the doing and the worrying. We’ll handle it all for you.
When our most detailed levels of management and follow-up are unable to generate the payments due you, we offer Collection services. Of course we know that’s never your first choice. However, there are times when it becomes necessary. We’re here to manage this difficult process for you in a way that seeks to avoid loss of your customer. It’s a delicate balance and our long years in the accounting profession, serving clients in a broad array of industries, has given us tremendous insight in handling this infrequent yet unpleasant role for you.
Let’s have a confidential conversation today. There’s no obligation and you’ll feel better for having reached out to improve these complex business functions. With our experts, whether bookkeepers, accountants or CFO’s – we want you to focus on building your business.
SEE OUR OTHER BUSINESS SERVICES
Interim CFO & Business Consulting
We provide a high-level financial review. Resulting in sound financial advice, internal financial statements, variance analysis, budgeting, cash flow, company performance measures, and assistance in procuring debt or equity financing. Our business consulting is spot on.