The accounts receivable for your business are a big part of your income stream. You likely have passive income coming in from many places, but there are vendors and contractors that have to pay you for things that you have already done. You have to wait to make sure that you can get this money, and you need to have an accounting team on the job that can collect this money for you in a professional manner.
The accounts receivable team at the accounting firm you hire is going to spend every day making sure that you get their money. There are many ways to make sure that you are getting paid, but it is hard for you to make these calls every day. You might want to have someone do this work for you, and you do not want to find out about the collection process unless the money has been collected. Orion Business Capital is a factoring company that is on your team! When they connect you with a funding source,the businesses know that their ongoing relationship with OBC depends on providing you with 1st class service regardless of the size of your company. This often leads to better service, faster closings, better terms, and lower rates. check out this factoring company, today!
The collections that are done are ongoing, and you need to get some reports from the firm every week so that you know what is going on with your business. You can prioritize the accounts that need to be collected, but you want the accounting firm to help you in every way they can. Let them do most of the work so that you will not have to worry about this tedious work. You can get around the hardest parts of the business, and pay a small fee to the accounting firm for their services.
You can send off all your accounts to the accounting firm, or you can send your troublesome accounts to them. You get to decide how you are going to get your money back in a way that makes sense for you. You can use the accounting firm for only past due accounts, or you can use the firm for all your receivables. You are going to wipe this work off your desk just as soon as you are done, and you will be able to make the most of the time that you have in the office to run your business.
Have someone handle these accounts so that you re not confused by what is going on. You have a right to save time, and you will get more money back when you are working with accounting professionals. You should remember that this is a legitimate choice that you can make to streamline your business.