Keeping on top of money owed to a business is extremely important, especially if the company is short on cash. Bookkeepers can generate accounts receivable reports that detail the aging of accounts receivable. These reports can help managers gauge cash inflows, along with the potential for collectability. Without bookkeeping and the deposit of checks in banks, and the closing of receivables in the general ledger system, it would be very difficult to track receivables.

Basic Bookkeepers