Head of Finance Solutions
Accounts receivable (AR) is the money customers owe your business for goods or services already delivered but not yet paid for. Managing AR well means issuing clean invoices, tracking what's outstanding, and following up on time so cash arrives when you planned for it.
For most SMEs, receivables are the single largest number on the balance sheet after fixed assets. It's also the easiest to let slip: invoices filed in drawers, balances tracked in memory, and follow-ups that happen only when cash runs low.
AR follows a predictable cycle, and each step is a place where speed is won or lost.
A business that invoices on day one gets paid sooner than one that invoices on day fifteen — even with identical terms. Automation that issues invoices instantly from completed work measurably shortens your cash cycle.
An aging report groups outstanding invoices by how long they've been due: current, 1-30, 31-60, 61-90, and 90+. Reviewing it weekly tells you where collection effort belongs and protects against slow-build bad debt.
Money customers owe you for goods or services already delivered but not yet paid for.
Receivable is money owed to you by customers. Payable is money you owe to suppliers.
Invoice immediately after delivery, send invoices through channels customers read, and follow up before and after due dates.
A report grouping outstanding invoices by how long they've been due, usually 0-30, 31-60, 61-90, and 90+ days.
Retten Work issues invoices, tracks balances, sends automated reminders, and matches payments automatically.
