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.
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