AR and AP Management
Imagine you could reduce your costs and gain better control over your business without any capital investment by offshoring Accounts Receivable and Accounts Payable Management to us. Catering to all businesses be it a start-up, SMB or CPA firm our expert and qualified accountants have you covered.
Our Accounts Payable Services include:
Invoice Managements
Processing of all invoices received by our client. First we raise a list of queries about prices and goods or services sold or other related information about the invoices. After our team clarifies these we move on to verify all data on the invoices like item data, invoice number, date, seller etc and seek approval for payment.
Reporting
Transaction reports are generated periodically as per client convenience usually monthly, quarterly and annually. Reports include all pending payments to each vendor with full description and invoice numbers. Invoices received from clients along with payroll and other expenses allows us to generate accurate reports of all expenses generated by the business.
Recording
Records of business transactions, invoices processed, payroll distribution along with other financial data is securely stored on our database. All transactions and correspondence from the beginning can be retrieved at our clients request.
Our Accounts Receivable Services include:
Debt Collections
Our team of accountants will verify the invoices generated and compile a list overdue debt. After which we check the delinquency of accounts and solicit the payments on these debts. We then compile all documents required to organize and post invoices and debit memos.
Banking
Customer statements, bills and invoices are reconciled to our clients ledger. Our team will then check all deposits to verify details of transactions and tally them with the account balances.
Reporting
Reports are generated as per required by the business i.e. monthly, quarterly and annually that includes and acknowledge all previous payments received along with the description and amounts. At BMC SAAS, we have a 100% accurate AR tracking allowing us to provide accurate reporting of all revenue generated by the company.
