Accounts Payable and Receivable

Comprehensive Accounts Payable and Receivable Solutions

At Bean Counting Business Solutions, we specialise in providing efficient, reliable, and professional Accounts Payable and Receivable services, ensuring that your business’s financial processes run seamlessly.  

We understand the importance of maintaining strong relationships with both suppliers and customers, which is why we take a proactive approach to managing your financial operations. 

Accounts Payable Management

Efficient management of accounts payable is essential to fostering strong supplier relationships and maintaining a healthy cash flow. Our team takes care of all aspects of your accounts payable, so you can focus on your core business operations: 

Processing Supplier Invoices

We ensure that every invoice from your suppliers is accurately recorded, reviewed, and processed. This includes verifying the details against corresponding purchase orders and delivery receipts. By managing this process, we minimise the risk of errors or discrepancies, ensuring you always have an accurate view of your payables.

Scheduling and Processing Supplier Payments

Timely payments are crucial for maintaining strong supplier relationships. We assist with scheduling payments to ensure they’re made on time, helping optimise your cash flow and avoid late fees.

Reconciliation of Supplier Statements

We regularly reconcile supplier statements with your accounts to ensure everything matches and resolve any discrepancies. This helps keep your financial records in order and provides peace of mind that all is accounted for.

Liaising with Suppliers

Should any issues or queries arise, we handle communication with suppliers on your behalf. Whether resolving discrepancies or addressing concerns, we act as the point of contact, ensuring smooth communication at all times.

Our goal is simple: we want to ensure that you always know exactly how much you owe your suppliers, providing complete transparency over your financial obligations and helping you avoid surprises.

Did you know!

Did you know that the term “bean counting” originally referred to ancient farmers who counted their crops using actual beans?

Accounts Receivable Management

A healthy cash flow is vital for the growth and success of your business. Our Accounts Receivable services help you manage customer payments, handle overdue accounts, and maintain financial stability:

Creating Invoices

We make sure that all your invoices are clear, accurate, and issued promptly. Our team ensures that each invoice reflects the agreed pricing and terms, reducing the risk of delays or disputes.

Ensuring Compliance with Purchase Order Requirements

We ensure that all invoices comply with the specific terms outlined in your purchase orders, minimising the risk of delayed payments or client disputes.

Handling Complex Invoice Submission Processes

Larger organisations and government departments often require specific invoicing processes, such as those on the SAP Ariba platform. We are well-versed in handling these complex processes to ensure your invoices are submitted accurately and on time.

Online Sales Platform Integration

We integrate online sales platforms like Shopify, Amazon, or eBay with your invoicing systems, streamlining the invoicing and payment collection process.

Follow-Up on Overdue Payments

Overdue payments can quickly affect cash flow. We manage the sensitive task of following up with customers on overdue payments, ensuring your cash flow remains strong and that you’re paid for your goods and services. Our respectful and professional approach ensures positive customer relationships while securing the payments owed to you.

Our goal is simple: we want to ensure that you always know exactly how much you owe your suppliers, providing complete transparency over your financial obligations and helping you avoid surprises.

Why Choose Bean Counting Business Solutions?

Managing both accounts payable and receivable can be time-consuming and complex, particularly as your business grows. At Bean Counting Business Solutions, we aim to simplify your accounting processes with reliable, professional services that ensure your business stays on top of its financial obligations. By partnering with us, you can expect:

Efficiency

We streamline your processes, saving you time and resources.

Accuracy

We ensure all invoices, payments, and reconciliations are handled with precision.

Transparency

We keep you informed, providing full visibility of your financial standing.

Expertise

Our experienced team offers insights into best practices for managing your accounts.

Take control of your finances today!

Let Bean Counting Business Solutions streamline your accounts payable and receivable processes, ensuring accuracy, efficiency, and peace of mind.

Book your complimentary consultation now and discover how we can help your business thrive.