Accounts Payable

Simple Solutions offers a solution designed to transform the operation of your accounts receivable process. From the point when the invoice data is available, through the posting of cash received, we let the customers concentrate on their core business and see that the Accounts receivable process is professionally, accurately and securely. Through formalized workflows, we execute your project plans that is documented, efficient and effective. We ensure continuous monitoring of standards and policies of the professionals at the facility that executes the project, to ensure they stay abreast with changing conditions. This commitment to accounts payable outsourcing quality results not only in timely and accurate work, but also in a value-added proactive approach to problem solving.

Processes:

• Generation of Purchase order

• Entering Bills of vendors tracking of A/P

• Payments to vendors/suppliers

• Generation of A/P reports

• Aging analysis etc.

• Processing of voucher of other income/expenses of transaction other than invoices/ bills. Income and Expense Tracking.

• Input vendor invoices to payable system

• Classify invoices to the proper G/L account

• Request and maintain vendor W-9 information

• Maintain vendor master files

• Respond to vendor inquiries about payment status

• Retrieve copies of payments as necessary

• Prepare and file required 1099 forms

• Process requests for stop payments when necessary

• Cut checks to vendors based on due dates or client instruction

• Reconcile vendor statements to accounts payable ledger

• Reporting to organization on detailed aged payables and cash requirements

• Year end 1099 forms
  
  
  
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