You can outsource such an appalling task as accounts payable processing and fixate your time and attention on running the business. Our competent and qualified accountant team at RTS Bussiness Consulting provides accounts payable processing services on a weekly, monthly and yearly basis depending on the frequency of your transactions.

 Services:

• Payable workflow setup: Accounting software will be setup that will manage all your accounts payables. All the purchases transactions and creditor details will be entered into the system at each visit. The system will be able to track approval of orders and due dates for payments etc.
• Vendor management: Digital copies of all your documents will be uploaded on the accounting software after being collected from their respective departments. Vendors’ information such as the name, address and payment terms will be entered as well as the default general ledger for the expenses to which the creditor belongs.
• Employee expense processing: All the expenses incurred by the employees will be documented through collection of receipts of such expenses along with a list. These expenses will be entered into the system as well and will be paid according to their due dates.
• Generation of reports:  accounts payable ageing lists and other reports will be prepared by our team analyzing how your payables could be managed in a better way.
• Discussion with management: The conceived reports will be discussed with the management. Our team will guide you strategies and tactics on avoiding double payments or late payments; reducing purchase costs in general.