Managing accounts receivables and payables are crucial for maintaining the financial stability and success of any business.
Accounts Receivable Management service involves managing the company's outstanding invoices and ensuring that they are paid on time. Maintain accurate records of invoices and follow up with customers who have not paid on time.
Accounts Payable Management service involves managing the company's outstanding bills and ensuring that they are paid on time. Maintain accurate records of bills and ensure that they are paid in a timely manner to avoid late fees and penalties.
Accounts Receivable Service
1
Generating & Issuing Invoices
2
Ensuring Customer Payments are Received on Time
3
Reconciliation of Customer Accounts and Resolving if any Discrepancies
4
Following Up with the Customers
5
Generating Reports on Accounts Receivable Performance
6
Identifying and Managing Bad Debts
7
Providing Input on Cash Flow Projections
Accounts Payable Service
1
Verifing & Recording the Invoices
2
Ensuring Payments are Made on Time
3
Reconciling Vendor Statements and Resolving if any Discrepancies
4
Maintaining Vendor Records
5
Providing Regular Reports- Aging Reports and Cash Flow Projections.
6
Maintaining and Managing Payable Supplier Provisions
7
Ensuring that the Company Complies with Accounting Standards and Tax Regulations, Including Withholding Tax and VAT
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