Accounts Receivable is one of the largest and most important pieces of what we do because we will cover all facets of your Accounts Receivable process.
- We develop a billing schedule so you always have money coming into the business and avoid cash flow problems.
- We will invoice your customers for you.
- We print invoices and mail them for you.
Customized QuickBooks Applications Developed
We work with a developer who has built numerous mini-applications for QuickBooks that allows you to use alternate applications and billing systems, if necessary. For example:
- If you use a Time and Materials type of billing system, we can use various programs or timesheet applications, such as MyHours.com, to log your time and job details.
- We can use one of our mini-apps to pull the information into QuickBooks.
- We then bill off of the information from these online timesheet.
- For fixed-rate billing, just tell us what you want your invoice to say; we will build a custom-made invoice for you.
- We will first send you a copy of the invoice for approval, to make sure it looks the way you want before sending it to your customers.
- Invoices can be sent to customers either by email or “snail mail.”
- We will receive payments for you and deposit them as well, if you choose.
"This allows me to log on and have access to QuickBooks at the same time as the Foster Results team without having to "pass the QuickBooks" ball, allowing me to focus on Truffle Media and not worry about bookkeeping...."
John Blue, Owner
Truffle Media
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At Foster Results, We Help Make Collections Easier
We will also perform collections for you.
As different clients have different collection processes, our staff accountants utilize your standard collection processes in our billing and collection services:
- If your terms are 15 days, you’ll want statements sent on the 16th day, or on the 31st day if you have 30 day terms.
- We will conduct a follow up 7 days later, at your request.
As an accounting company, not a collection agency, we tend to be less confrontational than a collection agency, and significantly more professional than the minimum wage person that is making calls for the collection agency. The standard collections process is often not even started until payments are 3 or 4 months late.
We have been very successful at collecting money for our clients. We start the collections process as soon as a customer’s payment is late, which tends to make it easier to collect monies owed.
Foster Results Helps Keep the Money Flowing
Nowadays, cash flow is key!
- But often, as a small business owner you just don’t have the time to get your receivables invoiced in a timely manner.
- We help keep the cash flow process going for you.
- When needed, we will even give you a little nudge to get the invoices out there.
Questions? Call us today at 877-399-8920, or submit this form for more information!
