Sales Ledger Reconciliation

Every company has different working processes for invoicing and cash collection and in larger organisations a common problem occurs. The accounts receivables sales ledger can have a high level of queries, a backlog of unpaid cash, allocation and payment errors all resulting in a strain on available money within the business. Reasons not related to the customer who is potentially classed as a late payer or debtor.

Just to highlight a few at no fault to the customer

Problems occur due to simple human errors within the accounts department struggling to cope with the volume of invoices with a lack of admin resource.
Effective credit control “was” deemed as unimportant as “cheap money” use to be available providing finance to cover, which has now dried up
A company may have purchased another company with a large debt book needing to reconcile in order to begin obtaining payments
There has been an increase in unhappy customers using factoring facilities with increased costs and charges matched with a poor service causing problems and queries that are simply handed back after 90 days.

“Releasing cash from the debtor book”

Credit Control services, provides clients a service, which is both unique yet effective

Benefits:

Your potential bad debt problem will be cleared up
The accounts will be fully reconciled (Client & customer)
The collection of debts (Cash in the Bank)
A reduction in outstanding queries
Reduction in risk and open exposure
lower overall debtor days
efficient working processes reducing admin costs and saving time
a significant reduction in factoring fees and interest costs

Our effective, tailed credit management service works with the client and their team to identify 'Quick Win'; payments whilst working through the customer account sales ledger identifying reasons for non payment based on queries outstanding and analyze each account to maximize the collection activity.

The process identifies which trade commercial debtors pay on time and are good customers to work with, therefore allowing you to increase trade when required and enables the client to identify poor paying commercial debtors with potential bad debt who require monitoring and tightened credit terms.

Not only do we act as a customer liaison but we also investigate internal processes, highlighting any areas where unpaid accounts may be due to communication issues between departments, as is often the case.

All carried out with our successful, yet polite contact approach resulting in “happy customers who pay.”

The account receivables reconciliation service is flexible, complements our outsourced credit control package and we accommodate budgets of all sizes by working on a fixed fee project basis, commission on collection or a mixture of both.

Sales Ledger Reconciliation ties in with our other services.

Thank you for viewing – If you are interested in finding out some more information, would like some free advice, arrange an appointment, or would like a like a no obligation quote you can contact us on 0113 308 2008 or complete an enquiry form.

On-site services

Off-site services

Client Feedback

Demonstrated a sound receivables background from which he was able to draw from, and apply his intuitive nature to get to the source of the many complex and challenging queries he had to...

RBS Insurance
Just a short note to thank you for successfully completing your assignment at Fuji Xerox Australia Pty Ltd. **** ***** has expressed appreciation for the results achieved.

Fuji Xerox
You have contacted our debtor and followed up on their payment in a friendly but obviously very effective way as they have paid now and their account does not have any outstanding payments

MB Careers Ltd

The services described in this website are under Copyright. All rights are reserved. No part of this website shall be copied, reproduced, or translated without the prior written consent of Credit Control Services (CSS) Ltd. Registered office: Credit Control Services ( CCS ) Ltd, Park Lane House, Park Lane, Leeds LS3 1AA Registered in England. Registered Company Number 6180808