Bills Payable

When you buy goods or services from another vendor/ company, you owe them money in return. These are stated as the bills payable. In a fluently working organization, management of these bills is very important. Until the payments are given, you are in debt of another organization.
Our services include managing these bills from your end and effective decisions that reduce your debt and help you run a flawless business.

• Management of invoices from suppliers.
• Proofing & evidence regarding services/goods receipt.
• Creating purchase orders.
• Escalation or alerts for instances related to issuance of purchase orders, acceptance of services/goods and vendor purchase orders.
• Recommendation of early payment of supplier invoices where attractive cash discounts are available.
• Preparation of credit or debit notes wherever required.
• Maintenance of records for accounts payable.
• Preparation of vendor account statements.
• Reconciliation of vendor account statements with your books.
• Provision of summaries (by age, segment, etc.) of amounts you owe your vendors.
• Analysis of supplier price trends and purchase history.