Is your company spending thousands of dollars on an Accounts Department? Do you want to reduce cost incurred onstaff? Do you want a solution to your Accounts Payable troubles?
Regular recording of invoices or bills has proved to be an effective way of business development and management.
We’re here to provide routine recording and verification of invoice services. Get all your bills captured and categorized effectively with us.
Account Payable (AP) is the money a business owes to suppliers for goods and services received on credit. It appears as a liability on the balance sheet and is crucial for managing timely payments to vendors.
BookkeeperLive offers complete accounts payable outsourcing services, managing the entire procedure on your behalf. Our committed professionals meticulously handle tasks like invoice processing, vendor management, payment processing, and reconciliation. We ensure accurate and timely payments while adhering to your specific payment terms and policies. With our user-friendly approach and tailored services.
We intend to provide top-notch services at reasonable costs and help you in cutting costs at the accounts department
Receiving invoices from suppliers, checking their completeness and legality, registering them in the accounting system, and making payments within the agreed-upon payment conditions comprise the accounts payable process.
Businesses can optimize and automate their accounts payable processes by establishing electronic invoicing systems, leveraging accounts payable software, creating automatic payment schedules, and implementing rigorous approval workflows.
Businesses can avoid accounts payable fraud by implementing a division of tasks, reviewing vendor records and invoices regularly, requiring correct authorization for payments, and conducting periodic audits or internal controls to detect and prevent fraudulent activity.
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