216.513.4261
Website Links
Accounts Payable
  Cleveland, OH Services      Home  Accounts Payable

Accounts Payable has to do with recording of bills and receipts, processing payments, setting up vendors in your accounting system as well as issuing 1099-Misc forms at the end of the year.

Examples of Accounts Payable
  •   When goods and services are purchased on credit and billed at a later time, accounts payable must process the bill for payment on the due date.
  •   When goods and services are purchased and paid with cash, a receipt is provided which has to be accounted for and recorded in QuickBooks to the proper general ledger expense account.
  •   To pay a vendor it is important to have certain documents on hand. The standard documents are: purchase order, packing slip or acknowledgment for receipt of goods and services, and invoice.
Accounts Payable tasks that our bookkeepers will assist you with:
  •    Vendor Setup
  •    Matching vendor bills to purchase orders
  •    Recording vendor bills and receipts to the proper general ledger account
  •    Vendor payment processing via check, wire transfer, or ACH
  •    Accounts Payable Vendor Aging report
  •    Preparation of 1099 Misc forms for Independent Contractors

We’ll take the time to learn about your business then develop a customized plan
to meet your company’s bookkeeping, accounting, financial analysis and
financial systems needs.

  • Analogy of Pearl - graphic logo - accounting, bookkeeping and financial analysis firm |  Copyright 2018 © Analogy of Pearl - all rights reserved  |  site version: 2.1.1.6