You’re reviewing your financials and it shows over $100,000 in accounts receivable—but you’re certain everyone has already paid. So what’s going on?
In today’s video, I share two real scenarios from clients with six-figure receivable balances—one of which turned out to be completely inaccurate due to payments never being applied and duplicate income being recorded. In another case, the receivables were real, but went unnoticed for years and had to be written off.
I’m Bonnie Fleming, CPA and Fractional CFO, and I help business owners uncover errors, reconcile outdated records, and get crystal-clear financials they can trust.
In this video, you’ll learn:
- Why your receivable balance might not reflect reality
- How unapplied payments and old invoices inflate your financials
- What happens when you let aged receivables go unreviewed
- How to properly clean up and reconcile your A/R
Pro Tip: If your A/R hasn’t been reviewed line by line in the past year, there’s a good chance your numbers are off—and it may already be affecting your cash flow and reporting.
Need help reviewing your receivables and correcting your books? Let’s talk → www.flemingandassoc.com
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