Management Scope
Efficiently managing your accounts payable and receivable is critical for maintaining healthy cash flow and professional vendor relationships. Our management scope ensures that every invoice coming in and out of your business is recorded accurately and tracked meticulously. We help you stay on top of who you owe and who owes you, providing clarity on your liquid position at any given time.
Our comprehensive approach includes:
• Vendor bill entry and aging report review
• Customer invoice creation and tracking
• Payment application and discrepancy resolution
• Monthly AR/AP reconciliation against bank records
• Reporting on upcoming obligations and outstanding collections
Our Accounts Payable and Receivable Process
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Secure Access Setup
Invoice Processing
Payment Management
Aging Review
We establish view-only access to your vendor portals and accounting software to gather necessary billing data securely.
New bills are recorded accurately, and customer invoices are generated and sent to ensure consistent cash flow.
We prepare payment schedules for your approval and track incoming customer payments against outstanding balances.
Regular review of A/P and A/R aging reports helps maintain a clear picture of what you owe and what is owed to you.
Organize Your Cash Flow with Expert Support
Managing what you owe and what you’re owed is critical for business growth. Let MI Bookkeeping handle your accounts payable and receivable so you can focus on building relationships with your clients and vendors in Michigan.
Bookkeeping services are not tax, legal, or audit advice.