Business Process Outsourcing enables you to collaborate with accounting professionals possessing the precise technical expertise and experience necessary to enhance your cash flow. Outsourced accountants excel in effective accounts payable management, ensuring meticulous and punctual payments to suppliers. They meticulously review outstanding or pending payables, guaranteeing proper processing, documentation, and timely disbursement. These outsourced teams also ensure the accurate inclusion and recording of payments owed to your business. They facilitate essential follow-ups for accounts receivable collections by proactively contacting customers and making necessary follow-ups through inbound calls.

Business Process Outsourcing empowers you to delegate back-office and clerical tasks, such as data entry. Within the realm of accounting, outsourcing extends to the efficient handling of bookkeeping and data entry services, encompassing precise recording of financial transactions, adept management of payroll, streamlined invoice and billing management, proficient processing of incoming payments, issuance of essential paperwork, meticulous payment posting, and the skillful management and reconciliation of balance sheets and financial statements.

Efficiently oversee payroll transactions and establish a robust payroll system for your company. Outsourced accountants responsible for payroll management must exhibit exceptional attention to detail, ensuring equitable, accurate, and punctual compensation for all employees.

Upon receiving invoices from suppliers, you already have a dedicated team in place to perform the necessary invoice data capture.

Accounting outsourcing allows you to collaborate with experienced outsourced accountants who conduct a meticulous examination of all current accounts. Your dedicated outsourced accounting team conducts comprehensive reviews and oversees outstanding or pending accounts receivable and accounts payable to ensure proper processing, accurate documentation, and timely payments while avoiding any instances of double posting or duplication.

Just like data entry, accounts payable reconciliation can be accomplished either manually or through the use of cloud-based collaboration software. When you opt for Accounts Payable outsourcing, you can entrust Accounting Reconciliation Tasks, such as reconciling all Accounts Payable & Retainage Payable and managing Credit Card Payable, along with the preparation and execution of other related tasks to a dedicated team.

This process plays a pivotal role in ensuring accurate accounting procedures. Upon receiving invoices, your outsourced team can conduct a comprehensive review to compare the services stated in the invoice with the actual services rendered. Several key parameters to scrutinize in both the purchase order and invoice include agreed-upon terms, supplier's invoice accuracy, original purchase order price, purchase order receipt confirmation, quantity ordered, and the physical quantity received.