Impact Of AR Audits on Your Practice Are there loopholes in your AR process? Is your practice facing revenue losses? It goes without saying that unpaid accounts receivable stifle cash flow and rob you of the funds you need to invest in expansion prospects, purchase new machinery, and recruit staff, and that’s just the tip of the iceberg. Other unintended effects of a poor accounts receivable management process include:
• Missed follow-ups on past-due invoices • Writing down outstanding receivables as bad debt • Errors on bills and invoices • Incorrect payment allocation All of these factors result in decreased cash flow, which may require you to scale back operations and production. As a result, the company can fall short of its revenue goals as its rivals expand. If you can spot the barriers to effective AR management, you can get through them. inquiry@infohubservices.com
https://infohubservices.com/
Call us +91 829-746-441