ACCOUNTS PAYABLE - SERVICES

Our accounts payable processing services are cost efficient, flexible, dependable and quick to implement and have been developed through the integration of many technologies. Our accounts payable services are of a quality that can be matched by few in the industry and are comprehensive and innovative. We have in-depth understanding of the needs of customers in various industries, in addition to extensive experience, and have developed our services based on that.

Companies have to comply with regulatory requirements that are quite complex, besides trying to achieve the maximum possible value from expenditures and to reduce costs as far as possible. Higher business intelligence, better service levels, better controls and lower costs of processing can be attained through automated systems based on business rules. Passion Accounting's flexible and innovative accounts payable accounting services offer customers the ability to convert their processes for accounts payable into such a system.

Our Accounts Payable Solutions :

We offer the following services :

• Maintenance of records for accounts payable
• Preparation of vendor account statements
• Reconciliation of vendor account statements with your books
• Analysis of unbilled supplies, open PO commitments etc.
• Provision of summaries (by age, segment, etc.) of amounts you owe your vendors
• Analysis of supplier price trends and purchase history
• Recommendation of early payment of supplier invoices where attractive cash discounts are available
• Updating of the system for accounts payable by processing supplier bills
• Resolution of open issues through follow-up of escalations/alerts
• Verification and approval of bills from suppliers, after matching with services/goods receipts and purchase orders.
• Usage of documentary credits for 'account direct' payments on the basis of advice from your bank
• Preparation of instructions for disbursements of supplier payments due through checks or direct transfer, following treasury approval, followed by transmission for dispatch after signature

Why Choose Passion Accounting?

Besides backend of accounts payable solutions, we distinguish ourselves from our competition by:

• Integration with enterprise-wide financial and legacy systems
• Efficient access to historical and current documents to reduce external and internal audit costs
• Not requiring any capital investment while substantially reducing processing costs for accounts payable
• Assisting customers with centralization of the function for QuickBooks Accounts Payable
• Automation of travel and other expenses
• Digitization of paper invoices for immediate access and to provide faster resolution of disputes and audit streamlining