Billing & Collection / Accounts Receivable
Logistics accounting is unlike most. When we receive “proof of delivery” documents, an invoice is issued to your customer. We then monitor Accounts Receivable with a weekly A/R Aging review, and follow up when there are any payment delays. Payments are received in a local P.O. box, and deposited immediately into our client’s bank account. Which are always available for viewing through the bank’s online services.
Bill Paying/ Accounts Payable
When we handle your logistics accounting we provide complete bill-paying services to vendors; e.g. warehouse fees, freight charges, and broker commissions. Payroll services are available for those clients with U.S. sales or other staff. It is expected that cash flow from operations will cover these payments, but if sales are slow and adequate funds are not available, our client is expected to provide additional working capital during this period. Funds are generally provided by wire transfer for your convenience.
Accounting & Reporting
We provide complete transaction accounting of all activities, including standard monthly Financial Statements (Balance Sheets, Income Statements, and Cash Flow Statements). Many detailed reports are also available upon request, covering most areas of Sales, Inventory, Customers, Vendors, Cost of Goods, etc. Custom recording can be created upon request. Client bank accounts are always available to view through the bank’s online service.
CFO TO GO® is an affordable way to have a senior-level CFO or Controller involved with your company. We offer enterprise-level services for small and mid-sized companies.
Our in-house Accounting Department is available to provide full-service transaction processing and reporting of your business activities, as well as offering complete payroll services, sales tax and property tax reporting, and business and personal income tax preparation.