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Add-On Services
Pricing for these services are specialized and depend on your businesses needs
Accounts Receivable
Income Creation & Management
Generate and send invoices to clients. Ensure invoices are accurate and include all necessary details (due date, payment terms, etc.)
Payment Tracking
Monitor which invoices have been paid and which are still outstanding.
PROCESS
BENEFIT
Customer Communication
Send reminders for overdue payments. Communicate professionally with clients regarding payments issues.
Cash Flow Management
Collecting on time increases your working capital and assists in streamlining financial operations.
Bad Debt Reduction
Diligent inquiries can help prevent unpaid invoices and avoid write-offs.
Enhances Professionalism
Organized invoicing and follow up reflects well on the business. It demonstrates credibility and shows that the business is organized and reliable.
Reconciliation
Match payments received with invoices. Ensure the bank records align with the accounting records.
Reporting
Provide regular reports on outstanding receivables. Highlight aging accounts (e.g., 30, 60, 90 days overdue) to help prioritize collections.
Cash Flow Support
Help forecast incoming cash based on receivables. Advise on strategies to improve collection times.
Accounts Payable
Income Management
Receiving, reviewing, and recording vendor invoices. Ensuring invoices are accurate and match purchase orders or delivery receipts.
PROCESS
BENEFIT
Reporting
Generating AP aging reports to show outstanding bills and their due dates. Providing insights into cash flow and upcoming financial obligations.
Compliance & Record Keeping
Ensuring compliance with tax regulations (e.g., 1099 filings for contractors). Keeping organized records for audits and financial reviews.
Accuracy
Reduces errors in payments and recordkeeping.
Payment Processing
Scheduling and processing payments on time to avoid late fees and sustain positive vendor relationships.
Vendor Communication
Communicating with vendors regarding payment status, discrepancies, or disputes. Maintaining updated vendor contact and banking information.
Vendor Relations
Ensures timely payments and professional communication.
Cash Flow Management
Helps monitor and plan for upcoming expenses.
Reconciliation
Matching payments to invoices and reconciling AP accounts with bank statements. Ensuring that all liabilities are properly recorded and cleared.
Payroll
PROCESS
Processing payroll is complex and demanding. So we will only highlight the core processes.
Highlights:
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Employee Onboarding
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Payroll Schedule Setup
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Deductions and Withholdings
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Payroll Processing
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Record Keeping and Reporting
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Time Tracking
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Gross Pay Calculation
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Net Pay Calculation
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Payroll Tax Filing and Payments
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Compliance and Audits
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