Now that the Xero account has been established, all accounts payable invoices (bills) are entered into the Xero cloud based software with ease. To keep things in order, each particular supplier will have their own file established containing their business details. It is then a matter of entering all of the clients supplier invoices into Xero on a regular basis, normally either weekly or monthly.
All individual invoices are reconciled to the statement with all discrepancies resolved, and payment of the account is then made either electronically or by cheque, depending on the most convenient method for your business.
Our accountants understand that requirements for every business are different, so below are a list of the specific accounts payable services we can provide to suit your individual business needs:
- Record purchases on XERO
- Reconciliation of purchase statements
- Drawing of cheques or organisation of electronic payments
- Attendance on site at regular intervals, the frequency of which are determined commensurate to your business needs
- Liaise with suppliers on accounts payable queries, invoices and adjustments
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