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Accounts Payable Management

Pain Points:

  • Ascertaining correct position of open liability at year end
  • Ensuring duplicate invoices, if any are eliminated
  • Ensuring if erroneous payable accounting entries are identified
  • Ensuring if erroneous payables are rectified
  • Identification of excessive payments to payables

Step1:
Collection of Accounts Payable Ledgers from Accounts

Step2:
Request and collection of balance confirmation ledgers from Vendors/ Service Providers

Step3:
Comparison of balance confirmation with books and reconciliation

Step4:
Reporting of differences
Action Items for Vendor/ Service Providers
Action Items for Accounts