Accounts Receivable

Enhance efficiency and minimize financial risks through effective Accounts Receivable management.

Boost Your Financial Performance and Reduce Risk

At Sparrow Accounting, we offer top-tier outsourced accounts receivable services designed to streamline your cash flow. Our experienced offshore team efficiently handles the entire order-to-cash cycle, including precise invoice creation, receipt processing, proactive customer communication, targeted collections, and comprehensive reporting. By utilizing advanced technology and proven strategies, we provide exceptional financial oversight. Partner with Sparrow Accounting and unlock the benefits of optimized cash flow and expert risk management.

Optimize Accounts Receivable for Strategic Growth

Maximize Cash Flow and Drive Growth with Sparrow Accounting's Accounts Receivable Solutions. We recognize that efficient cash flow management is critical to business success. Our tailored outsourced AR services streamline invoicing, order processing, and collections, leveraging cutting-edge technology and our skilled offshore team to improve financial performance while reducing operational burdens. Let us help you optimize every step of the AR cycle, ensuring your business has the resources it needs to thrive.

Our Services

Financial Planning and Analysis

Reporting

Services Offered

Customer Master Data Management

Centralizes and ensures accurate customer data for seamless transactions and reporting.

Customer Deposit Applications and Reconciliations

Monitors and applies customer deposits correctly, while reconciling any discrepancies to maintain financial integrity.

Billing, Credit & Adjustments

Generates timely invoices and handles necessary financial adjustments, ensuring accuracy.

Proactive Credit Control & Debt Collections

Uses strategic methods to prevent late payments and recover outstanding debts efficiently.

AR Aging Analysis & DSO Optimization

Analyzes accounts receivable data and implements strategies to reduce Days Sales Outstanding (DSO) for enhanced cash flow.

Factoring Management

Facilitates the sale of invoices to access working capital quickly, thereby improving cash flow.

FAQ's

How is Accounts Receivable recorded?

Accounts Receivable is recorded as an asset on the balance sheet. When a sale is made on credit, an entry is created that records the amount due and increases AR.

What is the difference between Accounts Receivable and Accounts Payable?

Accounts Receivable (AR) is money owed to the business.
Accounts Payable (AP) is money the business owes to others for goods and services received.

What is an aging report in Accounts Receivable?

An aging report categorizes accounts receivable based on the length of time an invoice has been outstanding. It helps to identify overdue payments and manage collections.

What is a write-off in Accounts Receivable?

A write-off occurs when it’s determined that an account is uncollectible, and the amount is removed from the company’s books.

What is the purpose of a credit limit in Accounts Receivable?

A credit limit helps manage risk by setting a maximum amount of credit that can be extended to a customer, ensuring that the business doesn’t overextend credit.