---
title: Accounts Receivable - It’s all about process
description: Account receivable - processes; cashflow; cashflow tips
image: https://www.numericeight.com.au/hubfs/Numeric_Eight_May2020/Images/Accounts_receivable_process.jpg
---
[Skip to content](https://www.numericeight.com.au/blog/ar-process#main-content)
02 9437 1785
[](http://numericeight.com.au)
[%20white%20svg.svg "Numeric Eight Logo BB Tagline (primary) white svg")](http://numericeight.com.au)
- [Home](https://www.numericeight.com.au)
#### Why Choose Us
- [Team](https://www.numericeight.com.au/our-team)
- [Testimonials](https://www.numericeight.com.au/testimonials)
- [Case Studies](https://www.numericeight.com.au/case-studies)
#### Services
- Levels of Service
- [Your Integrated Finance Department](https://www.numericeight.com.au/your-integrated-finance-department)
- [Payroll Services](https://www.numericeight.com.au/payroll-services)
- [Monthly/Quarterly Compliance](https://www.numericeight.com.au/monthly/-quarterly-compliance)
- [Software Migration and Integration](https://www.numericeight.com.au/software-migration-integration)
#### Resources
- [Blog](https://www.numericeight.com.au/blog)
#### Contact Us
- [Get in touch](https://www.numericeight.com.au/contact-us)
- [Why Choose Us](https://www.numericeight.com.au/why-choose-us)
- [Team](https://www.numericeight.com.au/our-team)
- [Testimonials](https://www.numericeight.com.au/testimonials)
- [Case Studies](https://www.numericeight.com.au/case-studies)
- [Services](https://www.numericeight.com.au/#levels-of-service)
- [Blog](https://www.numericeight.com.au/blog)
- [Careers](https://www.numericeight.com.au/careers)
- [About Us](https://www.numericeight.com.au/about)
- [Contact Us](https://www.numericeight.com.au/contact-us)
[Contact Us](https://www.numericeight.com.au/contact-us)
# Accounts Receivable - It’s all about process
[Admin](https://www.numericeight.com.au/blog/author/admin) Jul 11, 2019 2:30:00 PM
### Contents
[Feb 6, 2019 4:04:00 PM 5 tips to help you get paid on time](https://www.numericeight.com.au/blog/5-tips-to-help-you-get-paid-on-time) [Feb 20, 2019 3:58:00 PM The 6 key questions every business owner should ask](https://www.numericeight.com.au/blog/the-6-key-questions) [Jul 5, 2019 2:53:00 PM Accounts Receivable Demystified](https://www.numericeight.com.au/blog/ar-demystified)
- [Tweet](https://twitter.com/share)
The sooner you send an invoice, the faster you will get paid. So here’s our guide to keeping your business cash fit and sustainable.
### **1. Be clear on your payment terms from the start.**
The invoicing process begins at the quoting stage. That’s when you should clearly specify your payment terms. Ask all customers to sign an Authorisation saying they have read and understood your payment terms. This means there are no excuses for paying late.
### **2.Send all invoices promptly**
Structure your day or week so you are invoicing as quickly as possible after the work has been completed.
### **3.Monitor payments closely**
Don’t just send an invoice and expect your customer to pay on time. You need to monitor each invoice to ensure it is paid promptly. Again, structure your day or week to monitor payments. In addition, put a process in place to remind customers when your invoice is due and promptly advise them when their payment is late.
### **4.Decide how you will manage non-payment**
The longer a customer takes to pay your invoice, the less likely it will be paid so it’s important to ensure all invoices are paid promptly. When you are faced with a slow payer, you need to have a plan in place for the next steps and when you take them.
#### **Friendly, supportive service**
For more common sense business tips and insights, [subscribe to the Numeric Eight newsletter](https://www.numericeight.com.au/newslettersubscription)
If you and your business are ready for help with managing your accounts, talk to the friendly and supportive team at Numeric Eight. We offer highly tailored bookkeeping services with the security of a fixed monthly fee. For more information, call 02 9437 1785 or [email us](mailto:info@numericeight.com.au).
Numeric Eight - Sydney bookkeeping services with a difference!
[Accounts receivable](https://www.numericeight.com.au/blog/tag/accounts-receivable)
[Feb 6, 2019 4:04:00 PM 5 tips to help you get paid on time](https://www.numericeight.com.au/blog/5-tips-to-help-you-get-paid-on-time) [Feb 20, 2019 3:58:00 PM The 6 key questions every business owner should ask](https://www.numericeight.com.au/blog/the-6-key-questions) [Jul 5, 2019 2:53:00 PM Accounts Receivable Demystified](https://www.numericeight.com.au/blog/ar-demystified)
[Previous Accounts Receivable Demystified](https://www.numericeight.com.au/blog/ar-demystified)
[Next Can I Answer A JobKeeper Payment Question For You?](https://www.numericeight.com.au/blog/jobkeeper-faqs)
## Leave a Comment
[](https://www.numericeight.com.au/)
[](https://carbongroup.com.au/)
02 9437 1785
[info@numericeight.com.au](mailto:info@numericeight.com.au)
#### Navigation
- [Why Choose Us](https://www.numericeight.com.au/why-choose-us)
- [Services](https://www.numericeight.com.au/services)
- [Blog](https://www.numericeight.com.au/blog)
- [Contact Us](https://www.numericeight.com.au/contact-us)
#### Our Locations
C106/11 Chandos Street,
St Leonards NSW 2065
Suite 501, Level 5/55 Phillip St,
Parramatta NSW 2150
#### Follow Us
[](https://www.numericeight.com.au/bookkeeping/certified-bookkeepers) [](https://www.numericeight.com.au/bookkeeping/certified-bookkeepers)
- [Terms and Conditions](https://www.numericeight.com.au/terms-and-conditions)
- [Privacy Policy](https://www.numericeight.com.au/privacy-policy)
- Sitemap
```json
{
"@context" : "https://schema.org",
"@type" : "BlogPosting",
"dateModified" : "2024-10-01",
"datePublished" : "2024-10-01",
"headline" : "Accounts Receivable - It’s all about process",
"image" : [ "https://cdn2.hubspot.net/hubfs/6826647/Numeric_Eight_May2020/Images/Accounts_receivable_process.jpg" ],
"mainEntityOfPage" : {
"@id" : "https://www.numericeight.com.au/blog/ar-process",
"@type" : "WebPage"
}
}
```
```json
{
"@context" : "https://schema.org",
"@type" : "Organization",
"description" : "Numeric Eight’s outsourced finance department delivers a comprehensive, integrated finance function. The largest independent bookkeeping firm in Australia.",
"logo" : "https://www.numericeight.com.au/hubfs/Numeric%20Eight%20Logo%20BB%20Tagline%20(primary)%20svg.svg",
"name" : "Numeric Eight",
"sameAs" : [ "https://www.facebook.com/bookkeepingbusiness/", "https://www.instagram.com/numeric8/", "https://www.youtube.com/channel/UCEHeJN8OQaGaOlrDIcW53Ow", "https://www.linkedin.com/company/numeric-eight/" ],
"url" : "https://www.numericeight.com.au/"
}
```
```json
{
"@context": "https://schema.org/",
"@type": "WebSite",
"name": "Numeric Eight",
"url": "https://www.numericeight.com.au/",
"description":"Numeric Eight The largest independent bookkeeping firm in Australia works closely & proactively with all of our bookkeeping & finance function customers.
",
"potentialAction": {
"@type": "SearchAction",
"target": "{search_term_string}",
"query-input": "required name=search_term_string"
}
}
```
```json
{
"@context" : "https://schema.org",
"@id" : "",
"@type" : "FinancialService",
"address" : {
"@type" : "PostalAddress",
"addressCountry" : "AU",
"addressLocality" : "St Leonards",
"addressRegion" : "NSW",
"postalCode" : "2065",
"streetAddress" : "C106/11 Chandos Street"
},
"description" : "We Provide Bookkeeping and Accounts Management Services. Numeric Eight Is the Largest Independent Bookkeeping & Outsourced Bookkeeping Company in Sydney.",
"geo" : {
"@type" : "GeoCoordinates",
"latitude" : -33.822242,
"longitude" : 151.1959736
},
"image" : "https://www.numericeight.com.au/hubfs/Numeric%20Eight%20Logo%20BB%20Tagline%20(primary)%20svg.svg",
"name" : "Numeric Eight",
"openingHoursSpecification" : {
"@type" : "OpeningHoursSpecification",
"closes" : "17:00",
"dayOfWeek" : [ "Monday", "Tuesday", "Wednesday", "Thursday", "Friday" ],
"opens" : "09:00"
},
"telephone" : "02 9437 1785",
"url" : "https://www.numericeight.com.au/"
}
```