Accounts Receivable Ledger
The accounts receivable ledger is a detailed record that tracks amounts owed by customers for goods or services delivered on credit. It is a critical tool for businesses to monitor and manage outstanding invoices and customer payments.
An up-to-date AR ledger helps businesses identify overdue accounts, prioritize collections, and ensure financial accuracy. Automation of the AR ledger with AI-driven tools allows businesses to update their records in real time, reducing manual errors and improving efficiency.
By automating the process, businesses can ensure that their AR records are accurate, up-to-date, and complete. This enhances cash flow visibility and streamlines the collections process, helping to reduce Days Sales Outstanding (DSO). Proper management of the AR ledger is essential for effective financial planning and decision-making.