Accounts Payables
Handling of Supplier Invoices and Expenses
Invoice Data Entry and Processing
- Every vendor invoice will be processed promptly and accurately, minimizing errors and ensuring timely payments.
- Automate the invoice approval process to reduce manual intervention and save time.
- Provide scalable solution to enable you to handle increased volumes as your business grows.
Vendor Payment Processing & Relationship Management
- Manage vendor communication to resolve payment issues efficiently.
- Maintain up-to-date records for all vendor accounts ensuring timely payments and avoiding late fees.
- Develop and manage payment schedules to optimize cash flow.
- Process payments via multiple channels, including checks, ACH, Electronic fund transfers (EFT), and wire transfers.
AP Aging Reports & Analysis
- Develop and report accurate AP Aging reports so you know exactly what is due and when.
- Analyze reports and provide recommendations to make decisions to improve relationships with suppliers.
- Detailed reports to identify and highlight potential cash flow issues and provide possible solutions.
Expense Allocation & Reconciliation
- Reconciling vendor statements to ensure accurate financial reporting.
- Develop and maintain cost centers for all categories of your expenses.
- Allocating payments and expenses to the correct cost centers in your general ledger.
Audit and Compliance Support
- Ensure compliance with local laws and regulations.
- Prepare accounts for audits.
- Maintain organized and transparent records.
