Paying bills regularly and dealing with multiple vendors, maintaining organized records, and filing taxes, can take up a lot of time that could be better used elsewhere. Plus, not taking the proper time to handle your accounts payable can lead to errors, lost records, and a lot of avoidable headaches. Hiring a team of professionals to handle this for you will not only free up time, but also present you with opportunities to make beneficial changes you may not have otherwise noticed.
Benefits of Accounts Payable Services
It can be scary to hand over any aspect of your business to someone else to handle. This is especially true when it involves something as essential as your finances and confidential data. Working with the trusted team of the highly skilled professionals at Wallace Accounting & Advising can make all the difference.
Increase efficiency.
Timely processing and payment of invoices.
Reduction in errors.
Maintain appropriate, organized records.
Remain in compliance with rules and regulations.
Potential reduction in costs.
Online, cloud-based software that always keeps you in the loop.
Accounts Payable Services We Offer
When handling your accounts payable, we take the hassle out of the day-to-day bill pay by offering you services such as:
Matching invoices and purchase orders
Processing purchase orders
Processions debit memos
Prepare accounts receivable aging reports
Prepare monthly accounts payable reports
Handle monthly/quarterly taxes
Keep in mind that we like to meet the needs of our clients and will personalize our offerings to do so. We do what we can to help streamline your business processes and make everything as efficient as possible.
Why Choose Us?
We believe that technology is there to make processes flow more smoothly - and we take advantage of it. Using a secured cloud-based software program, we are able to handle your accounts payable with ease. Your team will scan in the bills from your office and we handle the rest. Rest assured, though, that before a check gets sent out, you conveniently log in and approve the payment at any time, from anywhere.
You never lose control.
You only gain time.
Sometimes growing your practice involves delegating certain tasks to others. Accounts payable can be best handled by those who have a careful eye and extensive experience in accounting. That’s our team at Wallace Accounting & Advisory.
Frequently Asked Questions
How are accounts payable different from accounts receivable?
Accounts payable is money that is owed to vendors, suppliers, and creditors, for example. Accounts receivable is the opposite - money that you expect to receive from someone else, such as customers or patients.
Will you ever send out checks without approval?
No. Unless we have a written agreement due to a special circumstance, no - we will not send out checks that have not been approved by the appropriate party. We can write the checks and have them ready to go, but you remain in full control as to whether those checks get sent out or not.
How can I get started?
If you want to learn more about accounts payable services for your business and the benefits it brings, call Wallace Accounting & Advisory today at (214) 741-6721.