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Accounting

Billing and Accounts Receivable (A/R)

Billing and Accounts Receivable (A/R)

‍Our Billing and Accounts Receivable service helps streamline your business's financial operations, ensuring accurate invoicing, timely payment tracking, and efficient collections of outstanding balances. By outsourcing this crucial task to our expert team, you can focus on growing your business while we handle the details.

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Overview:

Professional and timely invoicing:
  • We will issue professional, accurate invoices to your customers on a timely basis.
Payment applications and timely collections:
  • We will track outstanding invoices on a regular basis, apply collected payments against them and follow-up with your customers for payments ensuring ensuring you do not have outstanding receivables.

Aging and customer reports:

  • We will monitor the aging of your invoices on a per customer basis to ensure prompt collections. Problematic customers will be flagged and collections efforts will be increased for such customers.

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Key Benefits

Efficient Billing Management‍
  • We handle the creation and distribution of professional invoices, ensuring they are accurate and sent promptly. This minimizes errors and delays, allowing for faster payment processing and helping you maintain strong customer relationships.
Proactive Accounts Receivable Monitoring‍
  • Our team closely monitors your outstanding invoices and payment status. We send timely reminders and follow-up notices to customers, reducing overdue accounts and boosting your business’s cash flow.
Customizable Reports‍
  • Stay on top of your business’s financial health with monthly or quarterly receivables reports. These reports provide detailed insights into your accounts receivable, helping you track payments, identify overdue accounts, and gain a clear view of your financial standing.
Save Time and Money‍
  • Outsourcing your billing and accounts receivable functions to us means you can focus on running and growing your business, while we handle the administrative tasks. This helps you save valuable time and reduce costs associated with in-house management.
Accounting
Reach out for a free consultation today!

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121 Lower Sherbourne St, Toronto, ON M5A 0W8

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+1 647 222 0236

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info@lux-cognita.com
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Your trusted partner for accounting, tax, and cutting-edge tech solutions for your business.

Whether you need your taxes filed, your payroll done, innovative web design, or custom software solutions, we’re here to help your business thrive. Reach out to us today, and let’s discuss how we can support your growth and success. We look forward to hearing from you!

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