Sentences with phrase «payments of accounts receivable»

Invoicing and payment of accounts receivable

Not exact matches

Fundbox uses a proprietary algorithm to gauge likelihood of repayment, starting with your financial data — including accounts receivables, client financial statements, cash flow and payment history — and moving on to public data such as credit ratings, government information and social media accounts.

A merchant cash advance allows a business owner who accepts credit card payments or has other payment or receivables streams to obtain an advance of the funds regularly flowing through the business» merchant account.

The Company continuously monitors customer payments and maintains an allowance for doubtful accounts based on its assessment of various factors including historical experience, age of the receivable balances, and other current economic conditions or other factors that may affect customers» ability to pay.

This form of financing is when a factor purchases a company's accounts receivable and then receives payments directly from the customers.

The clear guidelines and monetary limits set down by its insurer regarding accounts receivables makes it simpler for L'Oreal financial and credit managers to nudge the corporate buyers of its cosmetics, hair color and perfumes into timely payments, according to Roy Rabinowitz, senior vice president, tax, at L'Oreal USA in New Jersey.

Factor Funding Co. converts your company's accounts receivables into immediate working capital without the burden of a monthly loan payment.

When you sign up for an receivables factoring account, you're able to receive most of your invoice payments right away rather than waiting for them.

Trust me when I tell you that the cost of uncollected receivables, filing penalties or interest on late payments, write - offs due to posting errors, impaired management decision due to lack of accurate or timely reporting, improperly processed payroll, and undetected embezzlement will cost you exponentially more in the long run than cost cutting a $ 12 - 14 an hour employee in the accounting office.

Collectors will usually continue to solicit payments, but the accounts are no longer considered part of a company's receivable or profit picture.

Further, the amortized costs are transparent to investors, as is the impact of the loan payments or receivables on future income statements, explains an IBFed report, «Accounting for Financial Instruments Conceptual Paper.»

The business also records a credit to the note receivable account for the portion of the payment applied to the loan principal and a credit to interest revenue for the portion of the payment earned for making the loan.

It also meant understanding the finances of a legal business: overhead costs, lease payments, cost identification, profitability calculations, accounts receivable, bill collection, tax and pension liabilities, and much more.

Other commenters maintained that section 1179 of the Act means that the Act's privacy requirements do not apply to the request for, or the use or disclosure of, information by a covered entity with respect to payment: (a) For transferring receivables; (b) for auditing; (c) in connection with --(i) a customer dispute; or (ii) an inquiry from or to a customer; (d) in a communication to a customer of the entity regarding the customer's transactions payment card, account, check, or electronic funds transfer; (e) for reporting to consumer reporting agencies; or (f) for complying with: (i) a civil or criminal subpoena; or (ii) a federal or state law regulating the entity.

Manage and resolve assigned patient accounts receivable from pre-admission packets through final payment of collection agency referral.

Introduced a re-run process that effectively reduced accounting errors and increased efficiency of documentation process from 40 % to 80 %, for receivable payments that range from $ 1 million to $ 2 million dollars per week.

An accounts receivable job post requires a person to be administrative, dedicative and skilful to perform accounting procedures such as accurate payments of accounts, preparing personal financial statements, receiving and delivering payments, cheques and bills, maintain accounts receivable files etc..

Looking for an account receivable specialist position to apply my accounting and payment collection skills for the progress of the company.

Monitoring and review of open account receivable to identify adjustments, refunds, and payment breakdown amounts.

Typical job duties of an Accounts Receivable Coordinator are reporting to accounting supervisors, organizing client invoices, sorting mail, processing credit card deposits, monitoring electronic payments, handling charge - backs and returns, and adjusting the AR ledger.

• Strong knowledge of third - party billing, A / R follow up and analyzation of aged receivables, focused on slow payment patterns of various accounts and viewed all trends and rejection notices.

Managing and analyzing 600 + customer accounts to include managing payment performance of customer (s) and prompt collection of past due receivables

Directed daily operations through a staff of 5 for a medical billing and accounts receivables with $ 5 million in patient and third - party payments.

Initiated accounts receivable invoice issuance for external partner programs, including monitoring receipt of payment within a three month timeframe, and reconciliation to proper balance sheet account.

Specific work elements Delegating, supervising and reviewing responsibilities of subordinates, keeping detailed books, accounts and records of the company, maintaining internal accounting controls, hiring and training personnel required in achieving accounting goals, monitoring account receivables and solving payment problems, making recommendations about new accounting programs and performing other duties assigned by management.

• Recorded assets, liabilities, revenues and expenses by compiling and analyzing account information • Handled accounts payable and receivable activities by following set standards and principles of accounting • Documented financial transactions by entering correct information into the system and recommended financial actions by analyzing accounting options • Reconciled financial discrepancies by ensuring that appropriate data is collected and analyzed • Prepared payrolls and payments by verifying documentation and requesting disbursements

• Introduce Deltek Costpoint System which increased payroll processing efficiency by 85 % • Successfully process bonus payrolls for 1852 employees within the given timeline of 3 days • Review payroll data for accuracy by looking through taxing locales and balancing figures • Review invoices and check requests and sort and match check requests with prepared ones • Set up invoices for payment of due accounts and maintain accurate records of pending and processed payments • Prepare monthly, quarterly and annual reports of payable accounts and receivables

Example resumes of Corporate Controllers show such duties as training staff on established accounting systems and corporate reporting of accounts payables, receivables, and rent / dues collections, and establishing bank accounts and credit card payment processing systems for the company.

Assisted clients with the collection of payments from outstanding accounts receivable on a monthly basis.

If there is any missed payment issues, it is the role of the accounts receivable supervisor to get such resolved without delay.

Responsible for daily upkeep of accounts receivables, including monitoring bank activity and posting customer payments to general ledger.

Processed accounts payable, maintained up - to - date vendor statements to ensure timeliness and completeness, communicated with vendors to resolve questions and concerns on invoices, issued of checks to vendors, ran aging as required to identify current items due for payment Processed accounts receivable, sent information of customer aging summary to stores and collected the payments, maintained accounts receivable Calculated monthly sales, prepared all of federal and provincial sales tax report, and remitted the sales tax to government Prepared financial statement for the monthly end and year - end, processed closing account at the end of period Employment History (continued) Reconciled bank accounts, credit card accounts and other accounts required to reconciled Processed semi-monthly payroll, vacation pay, courted ordered deductions and other benefits, prepared payroll tax report and remitted payroll tax to government Made works compensation report and bill payment Filed sales invoices, purchase bills and all of documents; trained new employees; Communicated with vendors processing RMA (Return material authorization); provided some customer services as well as some office duties.

Accounts Receivable; received and applied payments, processed bank deposits, and researched reconciliation of account balances

• Collected and verified bills and invoices and entered information in the company's database • Assisted in handling accounts payable and receivable tasks by providing logistical support to the finance department • Monitored corporate expense accounts and assisted in increasing operational efficiency of the finance team • Follow up on delinquent accounts to ensure that payments are made before the end of the financial year • Assisted in the periodic closing procedures by ensuring integrity and accuracy of financial data

Maintained effective interdepartmental communication regarding specific line of business requests including payment investigations, researching status of accounts, and accounts receivable.

• Develop, maintain and oversee all billing procedures for specifically designated department • Follow up on all receivable balances and ensure that delinquent account holders are contacted and perused for payments • Prepare periodic billing reports and supervise billing staff to ensure accuracy and efficiency of claims • Develop and implement billing policies with a focus on continuous improvement of each billing process and sub-process • Ascertain that all received payments are properly logged to appropriate register

August 2014 — Present Green Care Services — Jamaica, NY Medical Coder • Perform coding services for outpatients and inpatients • Process claims as many as 200 in a day • Enter charges, payments and insurance information in preset coding software • Manage preparation of patient and insurance refunds • Handle insurance appeals and clearing existing accounts receivables

• Avert a sticky situation involving a potential robbery at the hotel, by recognizing signs of intrusion and alerting the security personnel on time • Reorganize bookkeeping process, making it 50 % more efficient than before by incorporating a dynamic calculation module • Greet guests as they arrive and inquire into their reservation status • Verify reservations and assist guests in filling out registration forms • Attend telephone calls to take reservations and provide information of vacant rooms and rates • Check guests in and out of the hotel by following prescribed protocols and procedures • Ascertain that guests» luggage is delivered to their rooms and proper keys or key cards are issues • Process payments during check - ins and check - outs and tender change and receipts • Perform bookkeeping duties such as handling accounts receivable and payable

Process full cycle accounts receivable, perform soft business to business collections and inbound calls, post payments and bills of lading.

• Verify the accuracy of invoices and checks and post relevant information in predefined accounting databases • Prepare and submit invoices and handle payments • Coordinate cash and check deposit activities • Sort and enter accounts payable and receivable data into company database • Prepare and produce accurate financial statements such as balance sheets • Maintain record of assets and liabilities and complete and deposit tax returns • Reconcile bank statements and manage cashbook management on a daily basis • Issue and maintain records of petty cash • Audit accounts to ensure accuracy and address any discrepancies found during auditing procedures • Process refund requests and reconcile monthly statements • Post details of business transactions including received and disbursed funds • Type vouchers, invoices, bank drafts, checks and reports • Post cash receipts and expenses in designated accounts software • Report accounting discrepancies to supervisors and assist in resolving them and any issues that customers may have with their accounts • Compile and maintain financial records of the company by recording and summarizing data • Keep record of business transactions, compute costs and verify bills • Create statistical records by combining data and performing computations • Prepare payrolls and transfer employees» salaries to their accounts on a monthly or bi monthly basis • Manage day to day internal controls and arrange for purchase orders to be prepared

KEY STRENGTHS • Solid grasp of generally accepted accounting principles • Good understanding of execution of accounting activities • Exceptional know how of payment control and payment orders • Proficient in carrying out accounts receivable and payable procedures • In depth knowledge of recording budget appropriations and identification of delinquent accounts • Strong understanding of accounting reports • Computer: MS Office Suite and QuickBooks and Accountancy Software • Familiarity with audit and statutory requirements

• Oversaw the maintenance of accounts payable and accounts receivable accounts and ensured prompt payments and receipts.

WORK EXPERIENCE Alpern Rosenthal — Winner, SD Billing Analyst March 2005 — April 2013 • Managed customer invoices for sales made • Applied customer payments to outstanding amounts in invoices • Followed up on delinquent accounts • Ensure management of sales tax effectively • Responded to and resolved customer issues regarding accounts receivable and billing disputes • Performed root cause analysis on disputes • Made necessary adjustments to ensure all financial transactions are recorded appropriately in the billing system

Billing Supervisor will be responsible for filing primary and secondary claims, posting payments, working denials and pursuing accounts receivable to a zero balance, and leading a team of two billing...

• Oversaw the maintenance of accounts receivable and accounts payable accounts, ensuring timely payment of all liabilities to owed parties.

Under the supervision of the Billing Manager, the primary responsibility of Medical Billing / Coding Specialist is to review Urgent Care coding and process claims, reconcile payments, prepare deposits, maintain accounts receivable history, and coordinate collection efforts.

• Prepare and administer accounts receivable transactions, such as preparing invoices, and entering receipts of payments into the system.

• In depth knowledge of verifying billing accounts and verifying and correcting discrepancies • Strong background in facilitating prompt payments of invoices • Hands on experience in generating financial statements and reports in order to detail the status of accounts receivables • Proficient in soliciting payments from delinquent accounts by employing workable follow - up procedures • Considerable knowledge of evaluating patients» financial statuses and designing appropriate budget plans • Functional knowhow of reconciliation of clients» accounts on a periodic basis • Well versed in handling complex billing structures • Proven ability to interpret billing data and use it to make cost effective decisions • Familiar with popular accounting software such as Deltek • Working knowledge of ICD - 9, CPT and HCPCS • Sound knowledge base of medical terminology and its usage in billing terms • Demonstrated ability to work in a dynamic billing environment prone to detail orientation • Capability of handling billing discrepancies in accordance to the rules and regulations of the organization • Comprehensive understanding of the protocols governing medical billing procedures • Able to build and maintain rapport with patients and insurance company personnel • Substantial knowledge of Medicare and Medicaid policies • Keen knowhow of medical billing and collection practices • Particularly effective in third party operating systems and basic medical coding procedures

Medical Billing Manager BRONX MEDICAL CENTER, Bronx, NY 6/2012 to Present • Lead medical billing and collection processes by handling calls and correspondence on all overdue balances • Coordinate efforts with management to develop meaningful metrics and ensure that they are achieved • Develop and train team members to carry out specific medical billing, coding and collection activities • Oversee the operations of the billing department to ensure coordination of medical coding, charge entries, claims submissions and payment postings • Follow up on accounts receivables and handle reimbursement management duties • Analyze billing and claims for accuracy and completeness and ensure that claims are submitted to appropriate insurance entities • Prepare and analyze accounts receivable reports and insurance contracts • Audit present procedures to monitor and improve the efficiency of billing and collection procedures • Participate in the development and implementation of operating policies and protocols • Realign staff members to meet changing trends impacting coding, collections and accounts receivables

posting payments to appropriate accounts, preparing bank account deposits and preparing account receivable aging and collections of outstanding balances.