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Accounts Payable Services
what makes us different for
Outsourced Accounts Payable Services
Productivity
Outsourcing your accounts payable to service providers allows them to manage the task, freeing you up to concentrate on other important aspects of running your business.
Expense
Outsourcing your accounts payable to service providers decreases your reliance on a single employee for a specific task, ultimately lowering overhead expenses.
Monitoring
Outsourced accounts payable providers monitor your outstanding dues and make sure they are paid promptly.
Flawless
Outsourced accounts payable providers utilize advanced automation tools to minimize errors or eliminate them entirely.
Pricing
Competitive pricing with the assurance of the finest quality delivery
Qualified
Team of qualified and experienced accountants
Curb all your Payables by Outsourcing Accounts Payable Services
- Business relies heavily on the credit that suppliers offer. Suppliers provide this credit for a certain period, and you might avail of some discount if you pay off this credit before the due date; this forms your accounts payable. It helps businesses operate by saving its fund for other expenses and allowing the business some time to pay back to suppliers, presumably after the final product or service sale. A cash rotation is happening in this process, which assists a business in functioning smoothly.
- As tempting as delaying these payments, it is not suggested to do so, as it only gives a sense of having more funds in hand, but accounts payable can turn into bad debt over time. The need for accounts payable services arises as these payables must be paid off on time. We at Whiz Consulting provide accounts payable outsourcing services for businesses based in the United States (US), and we prepare a daily, weekly, or biweekly report per the business’s requirement. We offer efficient online accounts payable services and help improve cash flow and maintain your vendor relationships. It is imperative that you do not breach payment terms with your suppliers, impacting your business reputation. We will help you focus on other vital functions allowing you to grow your business while taking care of all payments, creditors, invoices and massive paperwork.
Our Outsourced Accounts Payable Services
- We at Mehasa consulting offer accounts payable outsourcing services to all business forms, irrespective of the industry. Whether you want to outsource accounts payable in San Francisco, New York City, Miami, Denver and other USA parts, we are here to help you. We are among the top trusted accounts payable outsourcing companies and make use of our vast experience and in-depth knowledge while performing accounts payable tasks for you to help you grow your business and enhance your business’s financial health. We prepare a daily, weekly, or biweekly report as per the need of your business. With our comprehensive virtual accounts payable services, we provide the following services:
Data Capture
We help you reduce your paper load by performing the following - Sorting Preparation of batches Indexing the documents Auditing and the reconciliation of all the scanned invoices Storage of documents and retrieval Processing and receiving the incoming mail
Data Processing
Resolution and proactive management of the exception transactions. This is inclusive of- Exception and Approval routing Minimised month-end process of closing Audit trail documentation
Suspect Duplicate Analysis
We help by implementing a controlling and auditing mechanism to detect and eliminate duplication by providing the following service - Automated as well as manual data entry services Database matching, which is three-way E-Invoice processing
Disbursement Services
All the major parts of the payments are handled timely to minimise the floating cost administered upon the customers. Return cheque handling Secure and efficient stock checking Special invoice and mail handling service Electronic payment handling Online cheque proofing
Additional Services
Utility bill management Expenses & travel cost management Tax reporting management Supplier management Special project reports
Why Partner with Us for Accounts Payable Service?
- Timely Invoices Payment
- Timely Invoices Payment
- Error free processing of Invoices
- Regular Interval Reports
- Examining Every Paid Invoice and Issued Checks
- No Capital Investment in the Purchase of Costly Software
- Compliant With All Legislations
- Expert Consultancy at a Fraction of the Cost
- Error free processing of Invoices
Frequently Asked Questions (FAQs)
1. What does accounts payable mean?
- When businesses purchase goods or services from their suppliers on credit, the amount payable forms a part of accounts payable; accounts payable is a liability for your business. The payment is made within the agreed-upon period, typically less than 90 days. It is inevitable for a business to make purchases on credit at one point or another.
2. What is an accounts payable service, and how is it beneficial?
- The accounts payable process can be taken by an outsourcing partner like any other accounting process. All the services provided by the provider that helps in the accounts payable process come under accounts payable services.
- The accounts payable outsourcing process can be highly beneficial to businesses with a high volume of transactions. Tracking all these transactions and ensuring everything has been paid off on time can be a hassle for many business owners. Having a accounts payable services company that helps you with the accounts payable process can help you streamline your cash flow while maintaining an excellent vendor-supplier relationship.
3. What is the difference between accounts receivable and accounts payable?
- The difference between accounts payable and accounts receivable is as simple as what we can understand from their names. Accounts payable is the account of money that you owe, which you need to pay, while accounts receivable is the account of money your customer owes to you, which you will receive.
what makes us different
what makes us different