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ACCOUNTS RECIEVABLE OUTSOURCING BY BY RENUKA INFOCOM PVT LTD RENUKA INFOCOM PVT LTD ITES-BPO COMPANY ITES-BPO COMPANY AN ISO 9001:2000 CERTIFIED AN ISO.

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Presentation on theme: "ACCOUNTS RECIEVABLE OUTSOURCING BY BY RENUKA INFOCOM PVT LTD RENUKA INFOCOM PVT LTD ITES-BPO COMPANY ITES-BPO COMPANY AN ISO 9001:2000 CERTIFIED AN ISO."— Presentation transcript:

1 ACCOUNTS RECIEVABLE OUTSOURCING BY BY RENUKA INFOCOM PVT LTD RENUKA INFOCOM PVT LTD ITES-BPO COMPANY ITES-BPO COMPANY AN ISO 9001:2000 CERTIFIED AN ISO 9001:2000 CERTIFIED NEW DELHI NEW DELHI INDIA INDIA

2 OVERVIEW The accounts receivable process pays an important role under the accounting process. Companies spend huge expenditure on maintaining accounts recievable process depending upon the Sales of the company from year to year. The accounts receivable process pays an important role under the accounting process. Companies spend huge expenditure on maintaining accounts recievable process depending upon the Sales of the company from year to year. If the accounts receivable department is not strong enough to track the outstanding amount at the end of each period then huge cost is to be incurred for tracking the exact Debtors at exact Time. Additional cost may be incurred like Interest on Overdrafts Facility, Imbalance of Business Cycle/Working cycle, imposition of Bank Charges, Disturb Discounting Policy, etc. If the accounts receivable department is not strong enough to track the outstanding amount at the end of each period then huge cost is to be incurred for tracking the exact Debtors at exact Time. Additional cost may be incurred like Interest on Overdrafts Facility, Imbalance of Business Cycle/Working cycle, imposition of Bank Charges, Disturb Discounting Policy, etc.

3 BENEFITS TO OUTSOURCE Improve the Billing cycle. Improve the Billing cycle. Building vendor’s confidence. Building vendor’s confidence. Reduction of additional liabilities. Reduction of additional liabilities. Effective Debtor’s management. Effective Debtor’s management. Timely Collection of Bills. Timely Collection of Bills. Reduction in Management expenses like manpower cost, Reduction in Management expenses like manpower cost, infrastructure cost and communication cost by 40%-50%. infrastructure cost and communication cost by 40%-50%. Better Billing Management with improved staff efficiency. Better Billing Management with improved staff efficiency. In-Depth study of Accounts Receivable expenses. In-Depth study of Accounts Receivable expenses.

4 AUDITING BY RENUKA’S Nature of Receivable. Nature of Receivable. Actual Amount due from the vendor. Actual Amount due from the vendor. Checking full contact details of the vendor from whom the amount is due to receive. Checking full contact details of the vendor from whom the amount is due to receive. Reconciling the Sales order with the invoice raised against the value of goods supplied. Reconciling the Sales order with the invoice raised against the value of goods supplied. Checking the due dates of the invoice. Checking the due dates of the invoice. Checking the description of goods in the invoice with the Order Received. Checking the description of goods in the invoice with the Order Received. Any Advance payment received from the supplier against the Sales order. Any Advance payment received from the supplier against the Sales order. Status of defective goods returned, if any. Status of defective goods returned, if any. Debit note issued to vendor. Debit note issued to vendor. Verification of taxes charged on the gross amount. Verification of taxes charged on the gross amount. Any other on spot verification or auditing. Any other on spot verification or auditing.

5 METHODOLOGY OPTED FOR A/R BY RENUKA’S SEND INVOICES WITH ACCOUNTS RECIEVABLE :AUDITING: QUALITY CHECK : FINAL OUTPUT

6 THANK YOU PRESENTED BY RENUKA INFOCOM PVT LTD Aggarwal Millenium Tower, Netaji Subhash Place, Pitampura, New Delhi, India – CEO, ROHIT GARG (C.A.) US Toll Free : GSM :


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