Welcome to J.G. Accounting Services

Accounts Receivable

What is Accounts Receivable?

Accounts receivable are legally enforceable claims for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame.


Our Accounts Payable Services:

  • • Billings prepared as needed by TAD and mailed out (all billings provided to Client for approval prior to mailing).
  • • Record and account for revenue.
  • • Input receivable transactions into the accounting system.
  • • Prepare and deliver periodic statements.
  • • Issue client-approved credit memos and refund checks.
  • • Maintain subsidiary receivables ledger.
  • • Process client-approved adjustments.
  • • Apply cash received to customer accounts and resolve “short pays”.
  • • Light phone collections as needed by client.
  • • Client to photocopy checks and provide to TAD.
  • • Client to prepare deposit slips (provide to TAD) and make bank deposits.