Accounts Payable Services
Unlock financial efficiency and peace of mind with our top-notch accounts payable solutions. Our accounts payable specialists ensure timely and secure payment processing. Outsource your accounts payable services needs to our trusted USA-based company for reliable financial management.
Account Payable Outsource Services
At Money Minors, we understand the importance of effective Accounts Payable (AP) management for your business. That’s why our team is dedicated to delivering high-quality services and resources to help you optimize your payment operations. Our Accounts Payable Outsourcing and outsourcing accounting services provide reliable, timely, and secure financial management solutions tailored to meet the needs of each client.
Our experienced professionals understand the ins and outs of accounting supervision services, which is why businesses around the globe prefer us. We offer end-to-end accounting system implementation such as invoice processing and management, payment processing and reconciliation, supplier engagement via email or telephone, statement audits, cash flow analysis, GST/VAT filing, and more, including bank credit card reconciliations.
15+
Years of Experience
What We Offer
Can “touchless AP” truly exist? While achieving 100% touchless accounts payable may not be possible, Our solutions can reduce manual effort and improve processing cycles across the entire AP cycle, allowing you to focus on higher-value tasks and achieve greater efficiency in your financial management.
Matching Invoices
We compare invoices to goods received, purchase orders, and contracts to ensure accuracy.
Purchase Orders
We handle the detailed process of preparing and issuing purchase orders for goods and services
Pricing Information
We ensure standard pricing information is accurately established and maintained in the system.
AR Aging Reports
We efficiently manage AR aging reports to ensure timely payments and reduce debt.
Monthly AP Ledgers
We keep accurate monthly ledgers of all accounts payable activity to easily track spending.
Monthly Sales Tax
We accurately collect and file sales taxes for all applicable jurisdictions.
Accounts Payable Processing
Below are a few of the important steps of the Accounts Payable service Process
Invoice Receipt
Invoices can be received via mail or email to our secure, centralized platform for easy visibility and tracking. Our team of experienced professionals will review the invoice for completeness and accuracy before processing it forward in the system.
Image and Data Capture
After receiving an invoice, we’ll capture all the vital information, including vendor details and tax codes to ensure accuracy. We’ll also scan the document for archiving and storage purposes.
Process and Route
Our team will process the invoices according to your specific requirements. This includes obtaining approval from various stakeholders within your organization before moving forward with payment processing.
Disburse and Archive
Once the invoice is approved, we’ll make payment on your behalf. We’ll also ensure all invoices are stored securely in our database for easy retrieval and audit if needed.
Contact us Today
Let’s make sure your accounting needs are taken care of!
FAQs
Accounts Payable refers to the amount that a company owes to its vendors or suppliers for goods or services purchased on credit.
Accounts Payable Services refer to the set of activities and processes that are involved in managing and processing a company’s accounts payable transactions. This includes receiving, verifying, and processing invoices, reconciling accounts, making payments, and maintaining accurate records.
Accounts Payable Services can benefit a company in several ways, including reducing the time and effort required to manage accounts payable transactions, minimizing errors and discrepancies, improving vendor relationships, and increasing visibility into cash flow and spending patterns.
Common challenges faced while managing Accounts Payable include dealing with a high volume of invoices, managing payment deadlines, ensuring accuracy of invoice data, preventing fraud and errors, and maintaining compliance with tax laws and regulations.
Outsourcing Accounts Payable Services can help a company by allowing them to focus on their core business activities while a specialized team manages their accounts payable transactions. This can result in increased efficiency, reduced costs, and improved accuracy and compliance. Additionally, outsourcing can provide access to advanced technology and expertise that may not be available in-house.