Money owed by customers (individuals or corporations) to another entity in exchange for goods or services that have been delivered or used, but not yet paid for. Receivables usually come in the form of operating lines of credit and are usually due within a relatively short time period, ranging from a few days to a year.
If a company has receivables, this means it has made a sale but has yet to collect the money from the Customer. Most companies operate by allowing some portion of their sales to be on credit. These types of sales are usually made to frequent or special customers who are invoiced periodically, and allow them to avoid the hassle of physically making payments as each transaction occurs. In other words, this is when a customer gives a company an IOU for goods or services already received or rendered.
Arouba utilizes best in class processes and procedures coupled
with the latest technology solutions including imaging and
automated workflow to complement existing client ERP platforms
and create an environment that results in increased efficiency,
quality, and visibility
Arouba has been one of the pioneers in outsourcing of US tax returns out of India. Arouba integrates Technology, Future-proof Infrastructure & Processes with sound Domain Knowledge offering a complete Tax Preparation Solution to our customers.
The tax compliance expertise has been developed by Arouba over a period of time through in-house training imparted by professional trainers on US Tax laws, regulations as well as the software's that are used for the return preparation. Arouba has a dedicated team of professionally trained accountants which works on a 24 x 7 model during the peak season. It also puts a high emphasis on continuous training for its well-trained pool of cost effective resources so that the turnaround time is reduced to 3 days. Arouba has large scalable facility and workforce.
To be successful a company needs to have a clear picture of its overall profit and loss figures. General accounting involves the preparation of monthly, quarterly, annual and other interval reports, that show the company overall money flow.