Oct 1, 2022 Author: Accounts Junction
Are you looking for ways to reduce accounts payable expenses and improve cash flow management without any capital investment while having control over the entire process? Then outsourcing accounts payable services to us, will make it happen for you.
Our accounts payable process service helps our clients to develop and maintain a cordial relationship with the vendors and ensures compliance with regulatory policies. We help our clients reduce the cost of accounts payable processing by nearly 40% and provide data for expense analysis. We automate the organization process related to document and transaction management, eliminate duplication, and provide disbursement-related services to revolutionize the payment process.
Our accounts payable process service
Matching invoices with purchase orders:
Our professionals help compare and link a supplier’s invoices to the underlying data such as good delivery receipts and purchase contracts or orders.
Processing of purchase orders:
We process the purchase order beginning with the creation of the PO, through order approval, dispatching, invoicing, delivery, and closure. Our AP experts also ensure quality checks, budget checks, contract clauses, etc. before processing orders.
Preparation of monthly AP ledgers:
We provide reliable processing of monthly AP reports. Our expert team has experience in the preparation of AP ledgers for clients across the world.
AR Aging Reports:
We prepare customized and comprehensive AR aging reports for clients. This report lists all unpaid customer invoices and unused credit memos. The aging report helps you to determine the outstanding creditors and take necessary actions.
Handling of monthly sales tax:
We help to figure out your monthly sales tax amount after considering the revenue and costs. Our team of dedicated finance experts has a year of experience in handling sales tax.
Other Accounts payable services
We also provide the following services to our clients:
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Data Capture: It includes sorting, scanning, document storage, document indexing, batch preparation, etc.
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Data processing-Exception management: It includes documentation of audit trail, approval and exception routing, and shortening of the month-end closing process.
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Disbursement services include printing and distribution of checks, proofing of online checks; handling of return checks, handling of the electronic payment system; and special invoice handling.
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Suspect duplicate analysis includes electronic invoice processing, manual and automated data entry, and three-way database matching.
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Other accounts payable services include tax reporting, customer service, special project reports, travel and expense processing, etc.
Why do you need to outsource accounts payable services?
Affordable pricing: We have an hourly rate system that fits every client’s budget. We have a dedicated team of professionally qualified and experienced experts, so you will receive quality service at an affordable price. We charge US $ 10 per hour of service.
Data Security: We ensure the protection and privacy of clients’ data and take every measure at our disposal. We have implemented strong data encryption tools and firewall networks to keep your data safe and secure.
Quick time around: We ensure quick response time and provide faster services. We make sure that all the personnel are working efficiently to get your service on time.
Save time and effort: We take care of all the accounts payables services so that there are fewer invoice discrepancies and issues allowing you to focus more on important business functions.
