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Is that affecting your cash flow, and it costs you bad debts? Then, the solution to these is to have systematic payment plans from the customer. Meru Accounting provides Receivable management services in India. 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.
With the Receivable management services in India by Meru Accounting, you can be assured of your cash flows at timely intervals. We do regular follow up for receivables through email as well as through phone calls. We can also use a specific email ID created for your domain ([email protected]) from which we can do email marketing for your organization.
Set clear policies for credit approval which could include bank reference, trade reference, financial statement, and so forth.
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.
Two key methods of speeding up a cash collection from accounts receivable are by using factoring and also early settlement discounts, which, thus, helps in easy tracking the payment from customers.
So, you can easily track the payments from the customers that are overdue. We also do regular follow-ups for receivables through email or phone calls.
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.
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.
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 empowering the goodwill of a company. Here are some purposes for which generally a business undertakes Receivables Management.
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 the 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?
Meru Accounting provides world-class services that cater to all the needs of cloud accounting and bookkeeping of your business.
We work on the best accounting software like Xero and Quickbooks, as well as add-ons that will make sure all your work is up-to-date.
Help you with switching from your traditional software to Xero and Quickbooks.
We also manage VAT, BAS, Sales Tax and Indirect taxes for you so you are always ready at the end of the financial year.
When you choose to outsource your accounting work with us, it benefits you in the following ways:
We work on virtual technologies like Team Viewer, Virtual Private Network (VPN) to share and access data from your system.
You have to share your accounting software login details.
Through that, we complete all of your work and update it on the cloud, so you can have access to your data from anywhere and at any time.
Software is not a barrier for us. Due to our strong and professional accounting knowledge, we can prepare your books in almost any of the accounting software.
Our experts are always all ears to listen to your queries regarding bookkeeping and accounting or our services. You can contact us anytime by visiting: Contact Us page.
We provide our bookkeeping services at the rate of US $10 per hour. So, you only need to pay for the amount of time actual work is done.
We take certain preventive measures to secure your data, like:
Meru Accounting work on some of the best accounting software’s like:
Along with that, we also work with many add-ons like Workflow Max, Receipt Bank, Slack, TradeGecko etc., to extend your software’s capacity and improved work experience.
To book for trial, call us on our numbers or Please fill out the form here.
We have combined team of Professionals. Seniors are generally Certified Chartered Accountants. Junior Bookkeepers are having Qualifications like Bachelors of Commerce, Masters of Commerce, Masters in Business Administration in the subject of Accounts and Finance, Intermediate level Qualification of Chartered Accountancy, etc.
For information visit our work methodology page.
We prepare a checklist of information required for bookkeeping and send you at timely intervals so as to ensure that we can do bookkeeping faster.
We can provide to you once we move ahead in our interview.
We serve clients on MYOB and have expertise working in Essentials, Account Rights Plus, etc.
Yes, We are presently processing Payroll for Number of clients in US , UK and Australia and take care of complete payroll activities.
Goods and Service tax (GST) is levied on sales of all the goods and services in Australia. GST is generally chargeable at 10% of value of sales.
Business Activity Statement is a predefined form to be submitted to the Australian Tax office by all the business persons in order to report on their all the tax obligations during the period covered.
BAS is generally required to be filed quarterly by various businesses.
Yes, Owner of the business can prepare sign and lodge the tax return on his own. Its not mandatory that the Tax return needs to be signed by an EA or CPA.
No , its not mandatory that it should be prepared by only CPA or EA. It can be prepared by anyone who has PTIN.
We have Enrolled Agent who has the Authority to sign the documents for our clients after completing the through professional check.
Meru Accounting has its operational centre in India and hence the prices are quite less as compared to US based CPA’s and Enrolled Agents.
Meru Accounting has a team of Tax experts. Each Tax expert prepares around 300-400 Tax returns every year for various CPA’s in United States and Individual Businesses like yours. Due to this vast Experience and Robust Quality Check processes in place we can ensure you about correct Tax planning for your firm.