Accounts Payable & Accounts Receivable

Generating income has to be one of the most important activities of any business and collecting money from customers can be one of the most stressful and time-consuming activities a business owner may have to undertake.

A key to keeping on top of this is making sure to get your invoices out consistently and regularly and making sure that customers are clear on the terms of services and know their obligations regarding paying their invoices to you.

The longer an invoice is overdue the less likely you are of getting paid for that invoice.

It is therefore crucial for businesses to keep accurate and up to date records of which invoices have been paid and which are still overdue. Having appropriate measures and procedures in place will help keep the accounts receivable ledger under control and will mean you then have available cash flow to take care of your bills and liabilities.

We can streamline your processes and help you put procedures in place to keep on top of this so you will never have to stress about whether you will be paid on time or whether you will have enough money to pay your bills.

We can also review your accounts payable setup and establish the most efficient flow to ensure your bills are paid on time. If you are a business with many suppliers, we will make sure that each account you have with your suppliers is reconciled and that your suppliers have marked off every payment you have made to them and that they have also correctly applied every credit they have issued to you.

There is no need to pay your suppliers in single payments anymore as we can save you time and money by setting up batch payments for your bills through your accounting software. We will also send out remittance advices once the payments have been made to ensure those payments get marked off by your suppliers.

You can also forget about filing all your bills as we will implement a paperless system, so all your bills are saved electronically.

Give us a call or email us to find out how we can take the stress out of your accounts payable and accounts receivable processes.