Invoicing
Invoices raised promptly from the agreed trigger.
All finance operations services
Finance Operations
Accounts Receivable
FinAura manages your receivables: invoices raised as soon as work is done, receipts applied to the right invoice, an ageing report every week, and polite, scheduled reminders to customers. You see who owes what and since when, and the conversations you need to have are listed for you.
- Chartered Accountant-led
- Bangalore and across India
- Reply within one business day
What is covered
What Accounts Receivable Covers
From invoice to cash in the bank.
Cash application
Every receipt applied to the invoice it pays.
Ageing report
Weekly ageing by customer, with the trend.
Reminders
Statements and reminders sent on a fixed schedule.
Deductions
Short payments and TDS identified and followed up.
Escalation list
The accounts that need a call from you, each week.
How the month runs
How It Works
Invoice, apply, remind, escalate.
Step 1
Invoice
- Raised on the trigger
- Sent with terms
- Logged
Step 2
Apply
- Receipts matched
- Short payments found
- TDS recorded
Step 3
Remind
- Statements sent
- Reminders by age
- Replies tracked
Step 4
Escalate
- Weekly list to you
- Disputes resolved
- Provisions reviewed
Your part
What We Need From You
- 01Customer list with contacts and credit terms
- 02Access to invoicing and bank data
- 03Your tone and escalation preferences
- 04Notice of any disputes
Our part
What You Get
- A weekly ageing report
- Receipts applied correctly
- Reminders sent without you chasing
- A short list of calls to make
A common question
Why do receivables age?
Usually not because customers refuse to pay, but because invoices go out late, are sent to the wrong person, or nobody follows up until the money is badly overdue.
A routine of prompt invoices, applied receipts and scheduled reminders shortens the time between doing the work and being paid.
See invoicing and e-invoicingFollow-upScheduled and escalated
ReceiptsApplied and checked
InvoicesRaised and sent
Who it is for
Who It Is For
B2B service companies
Long credit terms, many invoices.
Distributors
Many customers, many deductions.
Founders chasing payments
Who would rather not.
Companies raising funds
Clean receivables for due diligence.
The rules, in plain English
What the Law Asks of Your Books
Companies Act, 2013
Section 128
Every company keeps books of account that give a true and fair view of its affairs, at its registered office or another place the Board decides, and preserves them for at least the eight financial years before the current one.
Official source: mca.gov.inCompanies (Accounts) Rules, 2014
Rule 3
Books kept electronically must stay accessible in India at all times, with a daily back-up on servers physically in India. For financial years starting on or after 1 April 2023, the accounting software must keep an audit trail of every change that cannot be switched off.
Official source: mca.gov.inCGST Act, 2017
Sections 35 and 36
Every GST-registered business keeps its accounts and records at its principal place of business and retains them for 72 months from the due date of the annual return for that year, or longer while an appeal or proceeding is open.
Official source: cbic-gst.gov.inIncome-tax law
Books and tax audit
Businesses and professions above the prescribed limits must keep books of account, and a tax audit follows above further limits. The limits change from time to time, so we confirm which apply to you before the year starts.
Official source: incometax.gov.inThis is general information, not advice for your situation; we confirm what applies to you before any work starts.
Questions we get asked
Accounts Receivable: Questions, Answered
Will you call our customers?
We send statements and written reminders as your accounts team. Calls about relationships or disputes are left to you, with the facts prepared.
What is an ageing report?
A list of what each customer owes, grouped by how long it has been outstanding, so overdue amounts stand out.
How do you treat TDS deducted by customers?
It is recorded against the invoice and matched to the customer's certificate and your tax credit statement.
Can you help with doubtful debts?
Yes. We review old balances with you and record provisions or write-offs with the reasoning documented.
Often Taken Together
All 10 Finance Operations services01Finance OperationsInvoicing and e-invoicingCustomer invoices raised promptly, in the right format, with e-invoice IRNs where the turnover rules apply.02Finance OperationsVendor and Customer ReconciliationLedgers agreed with your suppliers and customers, so disputes are settled on facts and balances confirmed before year-end.03Finance OperationsBank ReconciliationEvery bank line matched to the books, daily or monthly, with exceptions listed and resolved rather than carried forward.04Accounting & FinanceManagement Reporting & BudgetingMonthly MIS, budgets, forecasts and dashboards built from reconciled books.05Accounting & FinanceVirtual CFOA Chartered Accountant reading your numbers, planning cash and guiding decisions.