Accounts Payable
Accounts payable
Accounts Payable (AP) references the outstanding balance of money that a company owes to its creditors, vendors, and suppliers. It is also referred to as a Current Liability account which details the short-term economic obligations due within a particular financial year, and the time it takes for the business to pay these creditors back. Essentially, it’s how much one company owes another company.
Accounts Payable is a vital part of any business’s balance sheet as it identifies the amount of money being spent on credit for goods and services, as opposed to cash. AP oversees company cash flow and ensures that debts, expenses, and invoices are being paid in a timely manner. Balancing Money In versus Money Out is vital to business success and this is what motivates us at Exact BAS and Bookkeeping - to provide the best quality accounting services.
How Exact BAS and Bookkeeping are Accountable To You
Our registered BAS Agents can simplify the accounts payable process for you, whether it’s reconciling supplier invoices, clarifying expense management, or providing secure online payment schedules to your creditors; we are experts in the following processes.
We can upload and attach supplier invoices and receipts to expense transactions
We can reconcile accounts payable of incoming bills and invoices
We set up secure and simple weekly payments online, for you to approve
We report on Weekly and Monthly Creditors, to show who you've paid and who is still outstanding
We can provide accounts, administrative, and expense management to your business
We are meticulous in every aspect of the job, so you don’t have to worry
Why Choose Exact BAS and Bookkeeping?
Your success is our success! At Exact BAS and Bookkeeping, our Number One goal is to ensure the ongoing success of your business by making the most of your financial opportunities.
We are dedicated to going above and beyond your expectations of the industry because we are industrious number crunchers, who derive satisfaction from reconciling balances and streamlining services. The devil is in the details!
Our commitment to you includes:
The Personal Touch - we respect and cater to each client’s specific needs
Attention to Detail - we identify omissions or oversights
Certified Experts - we are registered BAS Agents with the Tax Practitioners Board
Cost Effective Options Available - for small businesses, startups, and tradies
Cloud-Based Bookkeeping - Xero Certified but also well versed in MYOB Essentials
Time Management - we never miss a deadline
Customer Focused - we are only a phone call away, and pride ourselves on making your accounts easy, efficient, and effective
Dedicated - we’re invested in helping your business grow
