When a business purchases on credit and that needs to be repaid over a limited period of time, it is known as Payable Accounts. It is termed as a liability and falls under the heading of' current liabilities.' Accounts Payable is a short-term transfer of the debt that must be charged to prevent default.
Accounts payable (AP) is money owed by a company to its suppliers listed on a company's balance sheet as a liability. It is distinct from notes payable liabilities, which are debts generated by documents of the formal legal instrument.
Any form of company has its own market cycle and is experiencing lows and peaks in terms of production performance, sales margins, annual income, employee morale, etc. The business owner has no influence over most of the factors responsible for this deviation but diligent efforts will fix and strengthen the inherent inconsistencies in any business operation. Payable Accounts is one such region. In the current market environment, a corporation and its promoter / s are under intense pressure to minimize costs to survive as a viable and profitable organization. Companies are expected to file incredibly challenging regulatory compliances when seeking to achieve full value for money from spending and to cut costs as much as possible. The installation of automated systems based on business requirements will achieve a high degree of business sense, strong service level agreements, improved control and reduced processing costs.
Our integrated accounts payable tools make the end-to-end accounting process more effective and secure. Our versatile and creative services provide customers with the opportunity to turn their accounts payable processes into a corporate asset. We provide a clear understanding of the customers ' needs in various industries. Our AP processing services are cost-effective, efficient, scalable and simple to implement and have been built through the integration of many technologies.
➲ For maintenance of cash flow
➲ Helps in Keeping records of creditors
➲ It helps I smooth maintenance of financial of business entity
➲ Helps in meeting or regulatory requirement like maintenance of books
➲ Helps in Keeping records of vendors account
➲ Helps in duplicate payment
➲ Helps in the maintenance of financial control
Step 1. Receiving of Soft copy of Payable invoice
Step 2. Matching of the purchase order with Invoice
Step 3. Processing of Debit memos
Step 4. Preparing and processing of the report
Step 5: Alerting or escalating of the wrong of false transaction
Step 6: Monthly, Quarterly or yearly comparative report
➲ Less costly
➲ No need for physical hiring
➲ Effective and efficient work
➲ Timely reporting
➲ Work as per your convenience
➲ Virtual books and records
We recognize that the cycle of accounts payable is crucial to maintaining successful supplier relationships and cost optimization. So at Corpzo we are actively working to increase productivity and help you cut costs. Our account payable services aid in the smooth management through monitoring and recording of accounts payable process flows. We help companies make prompt payments to help them take advantage of early payment incentives and improve operational performance. We will provide payable service and help you to:
➲ Fulfill your regulatory requirement
➲ Cost optimization by timely payment of bills and avoiding interests
➲ Working capital optimization
➲ Reduces duplication of payment
➲ Help you in financial control
Corpzo will help you in the conversion of your paper company into live online data to help you get as many reports as you can by concentrating on automating accounts payable process flow through people and soft goods mix. Daily aging reports can provide you with a better understanding and decision-making.
We share the detailed and reasonable estimated costs, documents and prerequisites for the complete process before starting the process to ensure transparency.
Our team warrants hassle free documentation. We collect the necessary documents and share the relevant drafts to ensure a timely filing and delivery.
Upon collecting the necessary documents and information, we waste no time in preparation and filing of your application. development on your application is brought to your attention.
On successful completion of the case we share all the relevant documents electronically and physically along with an assurance to pay you back if something is wrong.
CFO Support Services or the Virtual CFO is an experienced Finance Professional who is not a full-time CFO but takes care of the roles and responsibilities of a Full-Time CFO. He is the one who lays down a solid financial foundation and ensure efficient
Financial Reporting is the mirror of the financial health of an organisation. It is an impediment to prepare financial statements of a business in order to facilitate prudent decision making by each and every stakeholder of the business.
Accounting is a draconian subject and includes various sub-sets under its ambit. like financial accounting, management accounting, general accounting etc. These categories represent a specific type of activity and underlying applicable standards defining
When a business purchases on credit and that needs to be repaid over a limited period of time, it is known as Payable Accounts. It is termed as a liability and falls under the heading of' current liabilities.' Accounts Payable is a short-term transfer of
The receivable accounts refer to the outstanding invoices which a company has or the money which the consumers owe to the company for the services or products sold. Many companies are trying to increase their profits by allowing some percentage of overall
This is a critical feature, because if you want to raise funds (whether by bank debt, PE/VC financing, or an IPO), you'll need a budgeting framework that allows you to provide reliable estimates to your lenders and investors.
Business Plan is the document which defines the goals, methods of acheiving thosed goals in a particular tim-frame. Success of a business strongly depends on adequate time and money invested towards chalking out a strong business plan and strategizing sma
“Revenue is vanity, profit is sanity, but cash is reality,” as someone wisely put it. Companies who control their working capital effectively are very competitive all over the world
Exit plan is the strategy determining the possibility of an investor exiting a startup on maturity of the investment. It's just as important to plan and strategize for your exit as it is to start your company.
Maintaining a cordial and healthy investor relationship is a very important aspect of running a succesful business. Corpzo has a very extensive exporsure in assisting startups in maintaining investor relations.
Profit is a feature of both revenues and costs. In order to optimize income, one must look for ways to increase revenues while lowering or managing costs.
We understand what senior management, customers, and directors need to see in a clear dashboard. We develop and prepare comprehensive management information systems (MIS) reports for both internal and external reporting
When businesses face adversity, such as a cash flow crisis, significant losses, or shutdowns, they need experienced professionals to manage these delicate situations as strategic partners.
Uniquely repurpose strategic core competencies with progressive content. Assertively transition ethical imperatives and collaborative manufactured products.Write About Us
© 2024 Corpzo Ventures Private Limited.