Accounts Receivable generally defined to as the Debtors/Customerof the Company and its management is important for all the business irrespective of its nature and size. We can divide the entire Accounts Receivable management into two broad steps:
The initial step is to establish the Credit policies, Term and Conditions, Cash Discount Policiesetc which defines the terms and conditions for customer payments, interest charge in case of late payment, and describe the cash discount policies in case of early payment. These policies helps to ensure the consident Accounts Receivable practices;
Invoice to customer and its booking;
Track receivable on its due date: After recording of Invoice in system, company need to track the receivable on its due date for settling the transaction.
Yes, Advance received against the sale invoice is part of account receivable management process as it will be reflected as advances.
The most important decision is to select the right invoicing tool by the company. Decision on selection of tool shall be on the basis of business of company.
Yes, the Accounts Receivable management shall also include the Marketplaces reconciliations like Amazon, Myntra, Flipkartetc in case of Ecommerce companies.
Startupfino is working with Startups since last 10 years with an unparalleled experience of helping fast growing startups. Our Success can be witnessed through the numbers given below.
Startupfino is managing my accounts and its such a relaxed and smooth journey so far , I dont have to worry about timely execution of the work . They manage my invoicing, finances and compliances in a efficient way. I wish karan and team all the very best for the future of this startup .
Startupfino provided Shadowfax with an end to end support in managing compliance and accounts during our early stage and helped us transition to a full fledged finance team post our multiple Venture rounds of Capital. Highly recommended for first time founders who are looking for on-the-call solutions for specialized accounting, taxation and statutory compliances.
I have been working with Startupfino on a couple of our portfolio companies. I have found this team highly responsive and they truly understand issues faced by startups. I would highly recommend them to startups for their accounting and compliance needs.
I have been working with Karan and team with a long time now. Karan’s thought of clarity is remarkable. He is very easily able to distill the problem and provide a solution which suits everyone needs. Would highly recommend others to explore services provided by Karan and his team at Startupfino.
Team FINO has been there with us since we began our journey 5 years back..the reason for our long lasting relationship was the trust that the Fino team members reciprocated. Compliance of both our USA and India entity are handled by them. I’d highly recommend StartUpfino to early stage startups”
Startupfino team are one of the most friendly people to work. They have a deep understanding of the business and help us with all our financial work without any hassles. Add to that a fast turnaround time for any task- they are one of the best start up accounting firms in the market!
I have been working with Startupfino for last 5 years and I really like the way they works. Startupfino helps Truelancer from its very beginning for all of its financial and legal aspects and turnaround the things quickly. This firm is a truly a Startup Founder friendly.
We have been working with Karan and Startupfino for a long time now. The entire DNA of the firm is tuned perfectly for startups. The support which you get from them at the time of crisis really differentiates them from everyone else in the market. Karan is a master of his domain.Highly recommended from our side
The very foundation of a Startupfino is laid down by the founding member of it. Mr. Karan is a great person and getting to know that he is floating his own startup got me really excited. I really love the services offered by StartupFino and now getting these services through a more efficient and controlled platform is going to be truly amazing.
Startupfino team has an unparalleled experience in helping fast growing startups right from their inception to later stage rounds. Startupfino helped Leegality for all the financial and legal matters. Highly recommended and all the best!
We worked with Deepak from StartupFino and the experience has been fantastic. They have good knowledge about Tax compliance and Labour law compliance.This firm is highly recommended for Startup world
We have been working Karan and Startupfino team for almost 5 years now. In any startup legal and financial work takes huge time and the way Karan takes the ownership of the work, as a founder you are able to save lot of time and be tension free. Highly recommended.
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