Outsourcing Accounts Receivable Services

Accounts Receivable Services

We reduce cash collection shortfalls, AR adjustments, and bad debt write-offs better than hired FTE at a nominal price to bring your focus back to where it's much needed

Account receivables are payments owed to you by your clients for purchases made on credit. This is a usually straightforward function but often allowed to turn complicated as accounting teams lose money trails and reach a dead end. It may seem long working hours and dozen midnight phone calls later, the effort in securing dues should have paid off. But in reality, operating cost would have surged and delinquencies remain unchanged, and the risk of bad debt gather momentum. This is why small businesses should outsource accounts receivable services to Global Accounting Corp so that AR experts can operate with the efficiency of their in-house team but at a lower cost. Our area of focus is to reduce days sales outstanding (DSO), lower collection shortfall, limit bad debt write-offs, improve transparency, and put your focus back into core business activities.

As an ISO 9001:2015 certified accounts receivable Services provider, Global Accounting Corps takes reins from undermanaged finance departments to realign their workflow and ensure healthier accounts as well as on-time collection.

Our Accounts Receivable Services

The role of full-time employees and remote AR professionals may seem dissimilar, but only one does it better and at a lower price. Outsourcing Accounts Receivable services, gets your AR functions the full attention from qualified AR specialists. They choose whatever means possible to close all open positions and bring order into your credit control system.

Our online accounts receivable services encompass -

Customer Aging

Accounts Receivable Aging Report Creation


In Accounts Receivable, customer aging is in essence, a report that encompasses information on unpaid invoices and unused credit memos identified within the date ranges. This report is what we compile and send to a debt collection team so they can identify overdue invoices and prompt customers to clear all outstanding dues.

READ MORE
Order Management

Order Management


We will first require authorization to use your Accounts Receivable platform. Once we are remotely connected, data from the order and returns will be captured into the Accounts Receivable platform to create invoices, credits on account, and memos. We will ensure the revenue is settled within the stipulated time and make sales credit.

AR Billing

AR Billing


If you offer goods and services without requesting up-front payment in full or part, you must have a system in place to track unpaid dues. This is where we come in. Our AR billers will automate the process of sending an invoice and collecting dues. We also follow up on outstanding dues that remain after the deferment period.

Virtual Finance & Accounts Receivable Services

Virtual Finance & Accounts Receivable Services


When you choose virtual finance and AR services, we remotely access your AR platform and carry out invoicing, account reconciliation, records management, payment follow-up, as well as collection and posting of dues captured from the client on your behalf. All that to streamline your working capital and flexibility to focus on core functions.

Collections Management

Collections Management


As a professional Accounts Receivable service provider, we provide enhanced collection capabilities by learning your client's payment patterns through analysis. Then, we will use our AR collection forecasts to invoice them accordingly on the dates they are most likely to pay. We also make a list of priority customers whose pay-by date is nearing to avoid debt write-offs.

Cash Application Processing

Cash Application Processing


Our AR specialists will use smart accounting tools to match inbound payments to corresponding accounts and invoices. We will review wire, ACH, cheque, and card payments to unsettled invoices before modifying the status from pending to paid.

Deductions and Dispute Management

Deductions and Dispute Management


If you want full disclosure on your financial position, our accountants will prepare formal or comprehensive financial reports, depending on how you prefer the customized view. You can get a snapshot of the income statement, balance sheet, and cash flows to understand the present and future.

Cash Forecasting and Reporting

Cash Forecasting and Reporting


At Global Accounting Corp, cash forecasting is muscle memory for most of our accountants. They help you have an estimate of the money that's move in and out of your business accounts. Our forecasting reports will present projections of income and expenses to give you a summary of cash flow for the next quarter or running fiscal year.

When you outsource Accounts Receivable Services to us, we can take care of all your accounting needs, even the ones not mentioned above. Contact us for your custom requirements.

Software that Powers Our Accounts Receivable Services

  • QuickBooks
  • Sage
  • Wave Accounting
  • Microsoft Dynamics
  • NetSuite
  • Quicken
  • Intacct
  • Acclivity
  • Xero
  • Simply Accounting By Sage
  • Peachtree Finance Software
  • Less Finance And Accounting
  • SAP Solutions
  • Bill Finance Software
  • MYOB Accounting
  • Yendo

Our Account Receivable Process

At Global Accounting Corp, solving account delinquencies is a lifelong passion that has driven us to where we want to be today. Our accounting teams are responsible and capable professionals who understand the philosophy of small business and simply the process so proprietors of such institutions can keep up with what we do for them to improve their financial position. Our process is as follows -

01

Business Partner Maintenance

We start by creating and maintaining business partners in the vendor's accounting platform by mapping external data. These records will be further enhanced with marketing attributes

02

Billing and Invoicing

It is two things that affect parties at both ends of the same business transaction. So we create bills for the services and products sold as well as invoices if the upfront payment is not made by the receiver

03

Processing Credit Memos

We will create a credit memo with information on the latest pay-by date to be offset for payment owed to a vendor

04

Receivable Aging

We will categorize company AR corresponding to the time the invoice has remained outstanding

05

Payment Capture

Once the payment has been authorized, we will capture the payment, if the dues remain outstanding, we will provide recovery or write-off support

06

Payment Posting

The captured payment will be posted into the vendor's business account and all open positions will be modified to settled

Simple Steps to Hire a Virtual Accountant from GAC

Step 1
Free Consultation
Step 2
Agree On Process
Step 3
Grant Access
Step 4
Go Live

Why Hire GAC Over Competitors?

01

Hiring in-house AR Professional

  • Salaries start upwards of $4500 per month
  • Slow hiring and training process
  • High staff turnover leaves too many new accountants
  • Fixed work schedule with no overtime
  • Exorbitant cost to the company

02

GAC Accounts Receivable Services

  • Price starts at $8 per hour without up-front charges
  • Stick to SLA and ensures quality before hand-over
  • Dedicated employees with a low attrition rate
  • Follows flexible working schedule
  • No hidden fees or charges

03

Other AR Companies

  • Higher hourly rates that start at $20 per hour
  • May deviate from contract conditions
  • High employee attrition limits scalability
  • Fixed working hours and limited flexibility
  • A hidden fee may be applicable

Industries that Have Benefitted from Our Accounts Receivable Services

Healthcare Banking and Finance Manufacturing Retail & Wholesale Agriculture Mining Logistics & Transportation Engineering Services Oil and Gas Real Estate Telecommunications IT & Software Pharmaceutical Restaurant Insurance

Customer Success Stories

GAC developed a powerful cash flow mechanism for the client to regulate their transaction process and documentation such as invoices, delivery receipts, bill of lading, etc.

GAC's back-office billing support reconciled paperwork for a reputed law firm. We met all terms in the SLA from raising requests and posting AR to marking the status as resolved.

Contact us to know our customer success stories

Find Out How Our Accounts Receivable Services Can Help Your Business

Having a sound Account Receivable lets your financial reputation be seen on par with other well-managed companies. When you keep all of your AR processed taut, it forges trust and drives customer loyalty. Being in the industry for the last 17 years has taught us not to overlook the smaller things that stand out in the accounting system. In Global Accounting Corp's timeline, we've seen ourselves taking collective steps with the client in setting their financial positions straight and aligning them with growth. Being the best Accounts Receivable Service providing company, we take pride in having the largest portfolio of Accounts Receivable management services that are specifically designed to address the challenges of small business owners.

Get in touch with us today if you're ready to take the next step towards innovation and automation in Accounts Receivable management and compliance.

Portfolio How We Work About Us

Get a Free Quote

Decide in 24 hours whether outsourcing will work for you.

We respect your privacy. Our Policy.

Our Customers

Action Accounts
Carole Holding
Banca di Roma
LoyalDog Software
ProfitKeeper
Alliance Test Equipment
MEDOWS CPA
Huntington Learning Center
Darren Brady CPA PC
Crunch Health & Fitness
DCI Furniture
The IT Three
Bookkeeper2Go
ACPAS
Gerstein Fisher

Get in touch


We respect your privacy. Our Policy.

INDIA

No.6, Banaswadi Main Road, Dodda Banaswadi, Bangalore - 560 043

Corporate Court, #15, Infantry Road, Bangalore - 560 001

PHILIPPINES

Aeon Towers, J.P. Laurel Avenue,
Bajada, Davao 8000

USA

116 Village Blvd, Suite 200, Princeton, NJ 08540