So what is Accounts Payable? It is basically paying the suppliers you purchased goods from on credit.
You need to complete payments coming in from your suppliers and also going through all invoice expenses to make sure they are correct, plus processing into your accounting system correctly, verifying and reconciling invoices.
Now for the average business owner, this does not sound like fun. But for me, I love this, I really enjoy it.
The benefits of insourcing this task is that your supplier invoices are paid faster and on time. Business owners can get busy and forget to pay their suppliers on time, this can result in stop credit and comprise the business supply chain.
I do offer an Accounts Payable package which includes the following and I use our Better Accounts Payable Systems to avoid invoice duplication. Insourcing this can also be more profitable as I offer a package based on how many invoices as opposed to hourly rate.
For a small fee, this is what I offer:
- Entering of Supplier invoices into your Bookkeeping system
- Depending on client preference:
(Option 1): Preparing a list of suppliers due to End of Month payment run
(Option 2): Preparation of electronic file, client can then upload straight into their online banking
(Option 3): Logging onto client’s bank and paying suppliers on client’s behalf
5-10 Supplier invoices $120 Per month
(For more Supplier Invoices, contact Maree to custom a quote)
It really isn’t a lot of money in the whole scheme of things and many times I custom a quote if they have more each month.
If you would like to know more about what I can do, please do not hesitate to contact me.
Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID
We are a full service, insourced Payroll and Bookkeeping business that puts money back in your pocket. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring. When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!