The accounts receivable (AR) process, which includes the invoicing of customers, clients and members and the processing of monies received, is a vital process for most organizations. Consultance Accounting helps small and medium-sized organizations and businesses reengineer their AR processes. Here’s how we did it for one client, a professional services firm.
From our many experiences with onboarding small and medium-sized organizations, we understand documenting how things are done behind the scenes takes a back seat to the more pressing items, such as obtaining funding and growing and serving your members, customer and other stakeholders. Initially, most new clients do not have clearly articulated accounting policies and procedures.