Accounts Payable

Automated, Paperless, Secured!

Accounts Payable Service Katy, TX

Looking to scale your business but still tied up with manual Accounts Payable (AP) processing that aren’t servicing your customers? Then, FAS Accounts Payable solution is what you need.

With FAS, your business will have an automated, paperless, and secure solution for managing payments. Through the use of Bill.com your AP process will start with a single point of entry from invoice receipt to payment that optimizes productivity, enhanced security and streamlined workflow.

Benefits to you:

  • Save on time and money
  • Prevent internal fraud or theft
  • Digitally stored and easy to find backup documents organized in one place
  • Better cashflow management
  • More accurate financial recording

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What's Account's Payable?

Accounts payable is one of the most important aspects of running any business. It is responsible for recording cash transactions as well as managing invoices and payments. Whether you’re a mom-and-pop shop or a multi-million dollar corporation, you will need some type of automated process to track the payments you need to do to your vendors and suppliers. 

Accounts Payable vs Accounts Receivable

What’s the difference between Accounts Payable and Accounts Receivable? It’s pretty simple. The answer is: accounts receivable are bills and invoices you send out to your customer or clients, whereas accounts payable is a general term for payments that you need to make to suppliers.

Accounts Payable Internal Controls

Accounts payable internal control is a critical element of the overall accounting control environment. The purpose of having accounts payable internal controls in place is to ensure that you’re billing your vendors accurately and on time and that fraud can be prevented internally or externally.

Accounts Payable for Small Business

Accounts Payable is an important part of running a business. An Accounts Payable system handles paying all the invoices that your company has issued.

This is because without an Accounts Payable system in place, you will not be able to track and manage your finances, which can lead to errors or losses.

It may also be necessary for businesses with multiple locations across the country to have different accounts payable systems in place, since these businesses could have been established at different times and may have utilized different accounting practices.

How accounts payable affect cash flow

Accounts payable are one of the most important components of cash flow for small businesses. If you manage your accounts payable effectively, you can reduce the amount of money that your business spends on credit card fees and other fees related to paying bills.

When you’re paying out money to vendors, you want to make sure you’re always on top of your bills and have enough cash in the bank to cover those payments when they come due.

One way to make sure you have enough cash on hand is by tracking your accounts payable at all times so that you can see how much money is coming in versus what’s going out.

Why outsource accounts payable

If you own a small business, you know that running your day-to-day operations is tough. You have to balance time with family, friends, and your employees. And when you have an accounting department that’s too small to handle all the work for your business, it can be even more stressful.

But what if there were a way to outsource accounts payable? What would happen if you could focus on growing your company instead of spending all your time trying to make sure that invoices are paid on time?

If you want to know the answers, you can learn more here.

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