ACCOUNTS PAYABLE FOR BUSINESS
Outsourcing your Accounts payable(AP) function is an effective way to streamline your business’s financial operations, maintain a healthy cash flow, and improve your bottom line.
At HCA Consulting Group, we provide comprehensive AP outsourcing services that can help businesses of all sizes reduce costs and improve efficiency.
Our team of experienced accounting professionals can manage your AP processes, from invoice processing and vendor management to payment processing and reporting, ensuring compliance with all regulatory requirements.
Input Vendor Invoices into your ERP system
Proper Allocation and Categorization of Vendor Invoices
Setting up Vendor Payments
Reconciling Accounts Payable records with vendor statements and resolving discrepancies
Handle Vendor Communication and Coordination
Expense Claim Processing
Manage Tax Forms including filing 1099s, and managing W9s and W8s as applicable
Resolving issues related to exceptions in the AP process, such as incorrect invoices, payment disputes, or payment rejections
Banking and General Ledger Maintenance
PROS OF ACCOUNTS PAYABLE OUTSOURCING
Reducing your overhead costs by eliminating the need for in-house staff, and technology to manage the process.
Ensuring that payments are accurate and on time, reducing errors, and eliminating duplicate payments.
Helping you streamline your Accounts Payable process, improving efficiency, and reducing processing times.
Ensuring that you comply with regulations and industry standards, such as tax laws and financial reporting requirements, reducing the risk of penalties and other compliance issues.
Better Vendor Relationships
Helping you improve your vendor relationships by ensuring timely payments and reducing the likelihood of errors or disputes