Maintaining Accounts Payables-Receivables

Accounts Payable (AP) is the amount owed for the purchase of goods or services on a specific date. Accounts payable are recorded at the time an invoice is cleared for payment and outstanding, or open, liability is recorded in General Ledger (or AP subaccount) as it was not paid has gone. Payables are often classified as trade payables (i.e., payables for the purchase of physical goods entered in inventory), and expense payables (i.e., payments for the purchase of goods or services that are invoiced). Common examples of expense payables are advertising, travel, entertainment, office supplies, and utilities. AP is a form of credit that suppliers provide by allowing their customers to pay for a product or service that has already been received.

We have lots of experience in Maintaining Accounts Payables / Receivables. Our accountants are professional in this field. Our company will provide services like Updating and maintaining records of expenditures, Sending out payments for company credit cards, Responding to vendor invoices, Ensuring that all payments are made in accordance with company policy, Ensuring that all payments are sent on time, Resolving payment discrepancies and disputes on behalf of the company, Preparing and mailing invoices to customers, Posting payments to customer accounts, Organizing and filing deposit receipts as invoices are paid, Reconciling cash receipts and deposits and Analyzing financial records for accuracy. Allow customers to purchase goods and services using IOU's, credit accounts or long-term payment options, which can provide a significant sales advantage to companies.