Accounts Receivable Services in Seattle
Our skilled bookkeepers have many years of experience handling the money coming into your business.
What are Accounts Receivable?
Accounts receivables are the amount of money that your company receives from vendors or clients. Goods and services purchased from your company are registered as accounts receivable and will be charted as apart of your income. When calculating and keeping track of your accounts receivable, it’s important to keep your records in order, which is why our bookkeepers and accountants at All About Businesses are here for you. We will help your business in Seattle, WA stay up to date with the amounts, guaranteeing that you’re always receiving the funds that you’re owed.
Examples of Accounts Receivable
Examples of accounts receivable can look like:
- Sales to customers
- A bill from a client
- Unpaid invoices
Accounts Receivable Process
Although accounts receivable can vary per job and for situation, it can often be summed up by a four-step process. This includes:
- Sales and delivery – Communicating with customers and clients about the price and due date of a payment.
- Invoice – An invoice for the accounts receivable will be sent out to the customer or client.
- Payment collection – The client will have a certain amount of time to pay the bill sent out, typically 30 days.
- Reconciliation – As the payment is received, it’ll undergo a check to make sure that it is the right amount.
Accounts Receivable vs. Accounts Payable
Accounts receivable are funds that your company receives, whereas accounts payable are funds that your company pays. Although both are recorded very similarly, the differences are distinct and can be remembered by the fact that one type of payment is received, while the other is owed.
Keep Track of Your Business Finances
It’s important to keep track of the money coming into your business, to guarantee that you’re making a profit. All About Businesses is here to help your business in Seattle, WA manage its cashflow, and keep up to date with records. With our years of experience in bookkeeping for all types of industries, we promise to organize your books and pay close attention to detail. You’ll never miss a payment with us! When it comes to reporting your income, managing the amounts coming in, or sending out invoices, All About Businesses is here to help!
At All About Businesses, we vow to be your partner in guaranteeing that all your funds are accounted for. We will track down payments, ensuring that you’re receiving the funds promised. Unpaid invoices will become a thing of the past with us. Too often, it’s easy to get caught up in the midst of your business and become too busy to pay attention to payments coming in. With us keeping track, you’re prioritizing the health of your business, and always receiving the proper amounts from customers, clients, and vendors.
Our team at All About Businesses is certified as Diamond Level QuickBooks Advisors, carrying a decade of experience in bookkeeping and accounting. We stay up to date with the latest software and are highly skilled in using QuickBooks, Xero, and Zoho Books. With our use of spreadsheets, we’ll ensure that your income is always correct.