Let us take care of your accounts payable process to ensure the accuracy and completeness of your company’s financial statements.
When your company orders or receives supplies, materials or services before you pay for them, these purchases are considered to be made on account or on credit. Your supplier or vendor on the other end of the transaction is referred to as a creditor since you owe them for goods or services already shipped or rendered. This is why these purchases by your company are considered “Accounts Payable” in accounting language.
If this seems overwhelming or is simply something you’d rather not have to deal with so you can focus on actually running your business, we can help! We handle the work by taking care of the accounts payable process from start to finish; ensuring every bit of the enormous amount of detail is legitimate and accurately reflected in your accounting system.
Remember, an efficient and effective accounts payable process can benefit your company’s cash position, relationship with your suppliers and even your credit rating.
Our timely and efficient accounts payable process can include any or all of the following services;
- Processing vendor invoices in a timely manner
- Payment processing
- Accurate general ledger account recording
- Aged payables analysis
- Expense accrual for items not yet completely processed
- Integrating Bill.com for a quicker and more secure way of paying online