Accounts Receivable Payable
Outsource Account Payable and Account Receivables Service.
All of our subscribed clients benefit greatly from the accounts receivable payable service. Our staff of licensed and experienced accountants has a knack for staying on top of things and not letting anything fall through the cracks, ensuring that all payments are paid on time. Our clients never have to chase down payments in addition to paying bills because we keep track of the account.
protecting Exact accounts of purchased and sold goods or services either on cash or credit gives you limpidity in the finances and approve you to manage your funds consequent upon. Eicra has been corroborative of its overseas and Bangladesh purchaser to streamline their financials more practically and productively. With probable accounts receivable payable services and we strengthen your financial method by efficiently updating your accounts. Our Accounts Receivable Payable services always recording appropriate and actual-time receivables and payable transactions.
1. Invoice Management
All invoices submitted to you are processed by us. Before we approve payments, we double-check all data on each invoice to ensure the item listed, correct total, vendor, date, invoice number, etc.
2. Recording
Invoices processed, post-business transactions, payroll distribution, and other financial data are all kept in records. You can ask for a list of all transactions. We are ready to services you.
3. Reporting
All transactions are reported on a monthly, quarterly, and annual basis. All past payments to each vendor, as well as the description and invoice number, are included in the reports.
4. Debt Collections
Our team of accountants checks for account delinquencies and collects payments on past-due obligations. We gather the required documentation and provide debit notes and invoices.
5. Banking
Our accounts receivable payable creates customer statements, invoices, and bills, as well as reconciling expenses with your ledger. To verify transaction data, we make copies of all deposits and checks.
6. Reporting
Our accounting department creates customer statements, invoices, and bills, as well as reconciling expenses with your ledger. To verify transaction data, we make copies of all deposits and checks.
Modern Accounts Receivable Payable Outsourcing Services and Processing.
You should be pursuit modern business, not perpetrator accounts. Good accounts receivable payable scheme boost profits by decrease bad debt, guidance to better cash flow and supreme available liquidity.
Dynamic Accounts Receivable Payable Outsourcing Services
Our Premium 6 Accounts Receivable Payable Services
Our Accounts Payable Outsourcing Services allow you to benefit from cutting-edge technology and highly qualified personnel without having to invest in them or purchase and maintain costly software. We give industry best practices, such as Sarbanes-Oxley compliance, which leads to fewer inconsistencies and improved financial control, which leads to increased profitability.
Our modern workflow and imaging technology, as well as our adherence to industry best practices and high levels of quality, help us achieve efficiency and precision.
Our systems give customers real-time information on invoices (amount, vendor, date), approvals (who approved it, when), exceptions (price difference, quantity disparity), and all outstanding obligations for the organization.
We offer customer care 24 hours a day, 7 days a week to ensure timely responses and resolutions to customer and vendor inquiries.
Our web-based reporting system ensures the highest level of data protection while also allowing customers to track their orders in real-time.
Improved business intelligence, aided by the management’s ability to see the larger picture.
Improved financial control thanks to our transparent processes and customers’ access to a secure web portal 24 hours a day, seven days a week.
Invoice discrepancies and conflicts were reduced.
Vendor relationships have improved.
Easy access to the invoice transaction audit trail and supporting paperwork required for audits via an online repository.
With Eicra’s receivable management services in Bangladesh, you can rest assured that your cash flows will arrive on time. We send emails and make phone calls to follow up on receivables on a regular basis.
Our 10 Account Receivable Services
- After the consumer has approved the billings, we are prepared and mailed.
- Revenue should be recorded and accounted for.
- Receivables transactions are entered into accounting software.
- Putting together and delivering periodic statements
- Customer-approved credit memos and refund cheques are issued.
- Keeping track of subsidiary receivables
- Performing process changes that have been approved by the customer
- Resolving short payments and applying funds received to customer accounts
- Creating reports on receivables receivable
- Services for managing accounts receivable deductions (AR deductions management).
5. Making aged Payables report.
This displays the sums owed to each customer as well as the length of time they have been owed. As a result, any violations of the credit terms will be visible.
6.Stay organized by Automation with Online billing tools.
By automating receivables management, you may connect all of your systems. As a result, workflow efficiency improves. It also gives you a better understanding of how to generate cash flow and customer reports.
FAQ For Accounts Receivable Payable Services In Bangaldesh
Who and what frequency printing and sending invoices to customers will this take place?
Eicra’s Accounts department will centrally print and send all invoices. Firstly, this will occur every day (Monday-Friday). However it may be adjusted as experience validates.
Will accounts be issued, by whom and at what frequency?
Eicra’s accounts department issue statements only for invoices that are past due, as an element of the accounts receivable collections policy. It is expected that these will be issued on a monthly basis.
What will the payment process and when invoices are paid?
All payments will be processed by the Eicra’s Cashiers located in the Office of Business Operations. Our Cashiering staff will make deposits and apply them to invoices. All the Accounts staff can view this activity online or via the “Unpaid Invoice Report”.
Do you provide purchase order number printed on an invoice?
Yes, in our service a purchase order number will be recorded and printed on an invoice.
Who is responsible for observing clients with poor payment history?
Our accounts customer service department is responsible for monitoring client history and can move a client to an “inactive” status should the poor payment history command this. Departmental workforce will have access to this info within the Accounts Receivable application.