Accounts Receivables & Payables
What’s Accounts Payable
Accounts Receivables & Payables
Hiring a bookkeeper to handle the accounting tasks in-house for the business is one solution to the problem, but it isn’t always the best solution. Here are five good reasons to outsource bookkeeping services:
What’s Accounts Receivable
Accounts receivable is a current asset account in which a company records the amounts it has a right to collect from customers who received goods or services on credit.
What do we do?
a. Customer invoicing
b. Cash application
c. Collection follow up
d. Customer credit applications
e. High volume e-commerce integration
f. Review and enter vendor bills
g. Negotiate payment terms
h. Accounts receivable and payable reporting
i. Contractor management – W-9 and 1099 preparation
