Finance and Accounting Outsourcing Services - Accounts Payable, Accounts
Receivable, Billing, Collections & Book Keeping
Accounts Payable
Most organizations have a defined set of rules for when invoices need to be paid. This sensitive area of accounting can be outsourced to our highly skilled, educated work force that will be trained on your company’s exact procedures in A/P. This service covers many areas such as maintaining vendor databases, setting vendor credit limits, processing vendor payments, maintaining vendor history, purchase history, product pricing, provide A/P reports to management, cash flow projections based on A/P, processing vendor invoices and any other type of typical A/P function specific to your needs.
Accounts Receivable
This important department can affect the company’s cash flow dramatically based on how it is run. Our highly skilled work force will be trained on your exact needs as a company and will take on this burden from your accounting team while saving you money. This service includes many tasks such as maintaining customer databases, customer credit limits, processing customer payments, customer history, sales history, setting pricing levels based on pay method and time, putting customers on credit hold based on certain criteria and any other typical A/R function specific to your needs.
Collections
We may not like it, but it is very much a part of most businesses. Collections is one of the areas where companies spend some resources they would rather be doing better things with. We will train our staff to know your company, how you operate, how you would like to treat each of your accounts, and what steps need to be taken in each scenario. This service includes regular, persistent calling on overdue accounts to collect debts, negotiating if necessary to settle accounts, or any other specific collection function specific to your company’s needs. Our trained staff can connect directly to your accounting system to update account, or use our in house state of the art software system for tracking customer accounts.
Billing
Billing is handled differently in every company, depending on industry, class of customers etc. Whether your billing needs are quite specific to your industry, like Medical Billing for instance, or general, we can handle your needs in the most efficient and accurate manner. Our team of highly qualified individuals will be trained on your specific company needs. These services include many aspects including Customer and Vendor Billing information, maintenance of billing periods, Billing schedules, Billing reports and any other specific need your organization may have
Book Keeping
Book keeping is a critical function for every business.
Outsourcing this function can, not only save you money, but also ensure a high level of accuracy in running your accounting department. Members of our bookkeeping team can log transactions directly into your accounting system and work with your CFO or CPA. This service includes many aspects of accounting and bookkeeping such as maintaining General Ledger, General Ledger transactions, produce Balance Sheets, P&L, entering and crosschecking GL entries as well as any other.
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