Payables & Receivables Only
 

Accounts Payable is the money owed to vendors and suppliers that results in cash outflow. On the other hand, Accounts Receivable is the money received from selling goods and services that leads to revenue. G/L Accounting Solutions provides the following Payables & Receivables Services:

• Communicating with new vendors to discuss invoicing processes and payment methods.

• Receiving the invoice from the vendor and entering it into the accounting system of record.

• Performing fraud- or error-reducing steps like 2–way matching prior to payment.

• Generating the payment for the invoice and sending it through approval.

• Approving the payment to be sent to the vendor.

• Releasing the funds for payment.

• Dealing with any exceptions in the process including erroneous and late payments

We understand that some businesses want only Payables & Receivables Service. The fees vary-depending on the volume of invoices. 

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