I-BOE can provide financial, clerical and administrative services to ensure efficient, timely and accurate payment of accounts.
I-BOE can maintain up-to-date billing, generate and send out invoices, follow up on/collect and allocate payments, carry out billing, do collection and reporting activities according to specific deadlines. We can maintain accounts receivable customer files and records. We can communicate with customers via phone, email, mail or personally or however best suits you. We can investigate and resolve customer queries quickly. We can perform account reconciliations, monitor customer account details for non-payments, delayed payments and other irregularities as well as research and resolve payment discrepancies.
We understand how important it is for your company to recover the money that is owed to you. We can develop a recovery system and initiate collection efforts on outstanding debts. We can prepare bank deposits, process credit card payments and make any adjustments. We will follow your companies established procedures for processing receipts, cash etc. We can review AR aging to ensure compliance with your policies. We can also evaluate and recommend changes to current A/P policies and procedures to streamline processes and enhance automation. This also ensures your company is following the most up-to-date accounting procedures.
Ultimately, I-BOE can assist for a shortened month-end closing!