Accounts Receivable

Accounts Receivable is one of the largest and most important pieces of what we do because we will cover all facets of the Accounts Receivable process.

• We develop a billing schedule so our clients always have money coming into the business
  and avoid cash flow problems.
   
• We will invoice our clients’ customers for them.
   
• We print invoices and mail them for our clients.

Customized QuickBooks Applications Developed

We work with a developer who has built numerous mini-applications for QuickBooks that allows our clients to use alternate applications and billing systems. For example:

0. For clients that use a Time and Materials type of billing system, they can use various programs or timesheet applications, such as MyHours.com, to log their time and job details.
   • We can use one of our mini-apps to pull the information into QuickBooks.
   • We then bill off of the information from these online timesheet.
      
0. Fixed-rate billing clients just tell us what they want their invoice to say; we will build a custom-made invoice for them.
   • We will send the invoice to our client for approval, to make sure it looks the they want before sending it to their customers.
   • Invoices can be sent to customers either by email or “snail mail.”
   • We will receive payments for our clients and deposit them for them, if they choose.

At Foster Results, We Help Make Collections Easier

We also do collections for our clients.

As different clients have different collection processes, our staff accountants utilize their standard collection processes in our billing and collection services:

• If their terms are 15 days, they want statements sent on the 16th day, or on the 31st day if they have
  30 day terms.
   
• We will conduct a follow up 7 days later, at the clients request.

As an accounting company, not a collection agency, we tend to be less confrontational than a collection agency, and significantly more professional than the minimum wage person that is making calls for the collection agency. The standard collections process is often not even started until payments are 3 or 4 months late.

We have been very successful at collecting money for our clients. We start the collections process as soon as a customer's payment is late, which tends to make it easier to collect monies owed.

Foster Results Helps Keep the Money Flowing

Nowadays, cash flow is key!

• But often, small business owners just don’t have the time to get their receivables invoices out in a timely manner.
   
• We help keep the cash flow process going for our clients.
   
• When needed, we will even give our client a little nudge to get the invoices out there.