| Services | Accounting Information Systems Design | Virtual Controller & CFO Advisory Services | Controller Full Service | Full Charge Bookkeeping | Regular Bookkeeping |
|---|---|---|---|---|---|
| Structural Design/Setup | |||||
| Design, Test, Formalize and Document all AR workflows | Y | Y | |||
| Review/Verify, Adjust/Create & document SOPs for all AR activities | Y | Y | Y | ||
| Analyze, Test & Recommend internal controls/checks & balances | Y | Y | Y | Y | |
| Review & recommend/create an AR Checklist - W/M/Q/Y for efficient AR Management | Y | Y | Y | Y | |
| Verify Customer data is complete & updated | Y | Y | Y | ||
| Review customer contracts - invoicing, collections, life, past dues | Y | Y | |||
| Review/Cleanup old Customer list, inactivate Customers no longer used | Y | Y | |||
| Review AR Terms - collections, payments & methods? | Y | Y | Y | Y | |
| Is the AR Turnover Ratio high/low? | Y | Y | |||
| AR Automation - AR data being imported and/or digitized for efficiency & accuracy? | Y | Y | Y | ||
| Are there any 3rd party services 'connected' to AR module? | Y | Y | Y | Y | |
| Is CC/Delivery/GC/EBT transactions imported or manually entered from Merchant website? | Y | Y | |||
| Review 1 Yr. of AR ledger w/Staff - timing of invoicing & collections, payments, past dues etc. | Y | Y | Y | ||
| Recordkeeping process of Customer invoices/statements, payment records, adjustments | Y | Y | Y | Y | |
| Is the document retention process being followed? | Y | Y | |||
| Design & implement metrics to measure trends & catch inefficiencies. | Y | Y | |||
| Train, coach, counsel, mentor, manage Accounting Lead | Y | Y | Y | Y | |
| Procedural Design/Setup | |||||
| Review/enter/generate/invoice for Customers | Y | ||||
| Review/enter/reconcile Sales Receivable Reimbursement - CC, Gift Cards, Delivery, EBTs, Coupons | Y | ||||
| Review/enter/reconcile Cash Receipts, Bank Deposits, Cash On Hand, Undeposited Funds | Y | ||||
| Review AR Aging - collection are on time? | Y | Y | Y | Y | |
| Does AR Aging Balance match TB AR Balance? | Y | Y | Y | Y | |
| Reconcile Past Due balances & Customer Statements | Y | Y | |||
| Recordkeeping of Customer invoices/statements, payment records, adjustments | Y | ||||
| Review Internal Controls - open/invoices, collections, bank deposits, | Y | Y | Y | ||
| Review collections, bank deposits & reconciliations to boost cash flow | Y | Y | Y |
Accounts Receivable
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