Accounts payable

Poor accounts payable management can be costly and time-consuming.  Your business could sustain penalties, interest charges and even damaged credit ratings if these accounts are not managed effectively.
That’s where we come in. We manage all aspects of your accounts payable, keeping creditors satisfied and cash flow healthy.
Here are some of the ways we can help you:

  • Receive and verify invoices and requisitions/purchase orders for goods and services
  • Verify that transactions comply with financial policies and procedures
  • Prepare batches of invoices for data entry
  • Process backup reports after data entry
  • Manage the weekly payment run

 

  • Record all payments
  • Prepare remittance advices for mailing
  • List all vendor cheques in the log book
  • Maintain listing of accounts payable
  • Maintain the general ledger
  • Maintain updated vendor files and file numbers
  • Distribute monthly accounts payable reports.

 

Accounts receivable

The secret of maintaining a healthy working capital cycle is up-to-date accounts receivable records.  That’s where we can help.
We provide the following services:

  • Invoice preparation
  • Collection and reporting in adherence to specific deadlines
  • Maintain the billing system
  • Follow up on collections

  • Account reconciliation
  • Follow up on delayed payments and report irregularities
  • Process cash payments
  • Distribute monthly accounts receivable reports.

 

You can expect significant cash flow improvements, along with time and cost saving, when you work with Accounting Solutions Partners.