Accounts Payable and Receivable Processing and Management

Accounts payable (AP) and accounts receivable (AR) processing and management are crucial aspects of financial management for businesses.

PAYABLE SIDE

What you owe

  • Invoice processingSupplier bills captured, matched to purchase orders, coded, and processed for approval.
  • Payment runsRecording bill payments and advising on any deductions before payment is released.
  • Payable reconciliationsAccounts payable reconciled against the ledger and supplier statements.
RECEIVABLE SIDE

What you're owed

  • Customer invoicingPreparing invoices and maintaining customer receivable accounts.
  • Collections follow-upStatement runs and follow-up on overdue balances, so cash is chased consistently.
  • Aging analysisAged receivable and payable reporting, plus any customized report you require.

Run at the frequency you need

Managed on a daily, weekly, biweekly, or monthly frequency, depending on your requirements.

  • Daily

  • Weekly

  • Biweekly

  • Monthly

Why firms outsource AP and AR

  • Cost-effective

    Outsourcing can be more cost-effective than hiring and training in-house staff.

  • Fewer errors

    Reconciliation against third-party statements ensures completeness and accuracy.

  • Working capital visibility

    Aged analysis shows what is due and when, so cash decisions are informed.

Ready to tighten your working capital?

Talk through Odoo ERP implementation or outsourcing your accounting and tax workload. One-month free trial available for outsourcing engagements.

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