Accounts Receivable & Payable

Accounts Receivable and Accounts Payable involve maintaining complete records of customers and suppliers and entering all business transactions. There are many bookkeeping services available and can vary with each business. These would include:

  • enter quotes, orders and/or invoices
  • receive payments from customers
  • prepare deposit slips
  • issue monthly statements by mail or e-mail
  • make bill payments online or by cheque
  • keep track of inventory
  • assign specific jobs to customers
  • assign invoices from suppliers to specific jobs

Outsourcing with Precision Bookkeeping ensures that all the day to day business transactions are recorded and accounts are up to date. This enables you to keep track of outstanding customer accounts, pay suppliers on time and monitor inventory levels.

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