Imagine you could reduce your costs and gain better control over your business without any capital investment by outsourcing accounts receivable and accounts payable management to us. Catering to all businesses, be the start-ups, SMBs, or CPA firms, our expert and qualified accountants have you covered.
Processing of all invoices received by our client. First, we raise a list of queries about prices, goods or services sold, or other related information about the invoices. After our team clarifies these, we move on to verify all the data on the invoices, like item data, invoice number, date, seller, etc., and seek approval for payment.
Transaction reports are generated periodically as per client convenience, usually monthly, quarterly, and annually. Reports include all pending payments to each vendor with a full description and invoice numbers. Invoices received from clients, along with payroll and other expenses, allow us to generate accurate reports of all expenses generated by the business.
Records of business transactions, invoices processed, payroll distribution, and other financial data are securely stored in our database. All transactions and correspondence from the beginning can be retrieved at our clients request.
Our team of accountants will verify the invoices generated and compile a list of overdue debts. After which, we check the delinquency of accounts and solicit payments on these debts.
Customer statements, bills, and invoices are reconciled to our clients ledger. Our team will then check all deposits to verify the details of transactions and tally them with the account balances.
Reports are generated as required by the business, i.e., monthly, quarterly, and annually, that include and acknowledge all previous payments received along with the description and amounts.