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.
- Phone
- +92 42 35230559-60
- info@rasco.com.pk
- Office
- 175-C OPF Housing Scheme, Lahore
- Lahore
- Pakistan Standard Time (UTC+5)
