"The hardest thing in the world to understand is income taxes" -Albert Einstein | 936-270-8883 | INFO@CORREAPEARSONANDASSOCIATES.COM

Accounts Receivable (AR) and Accounts Payable (AP)

Accounts Receivable (AR) and Accounts Payable (AP) Managing the Movement of Cash

Standardizing and streamlining your internal processes can free up administrative time, reduce costs, optimize your business to speed up cash flow, and diminish unauthorized and/or unplanned charges. Our Accounting Associates will coordinate directly with your customers and vendors to ensure compliance with federal and state regulations while reducing barriers to cash flow. Have you ever experienced any of the following?
  • A client missed an invoice or forgot to pay
  • You don’t recognize that charge on your credit card
  • The same person that receives income from clients, is also paying the billsYour team doesn’t have enough time in the day and they could be using it in more impactful ways
Overhead view of person typing on a laptop

Our AR/AP professionals will handle your client invoicing as well as the bill-paying processes ensuring no mistakes are being made and that nothing is being missed. We will set up an approval process that eliminates risk, ensuring your bills are paid accurately and on time, every time. We will coordinate directly with your vendors to ensure the necessary documentation is collected and maintained for issuance of 1099-MISC forms, freeing up administrative time. We will even prepare and file the 1099’s for you at the end of each year, saving you time and stress of failure-to-file penalties.

Additionally, we will work directly with you and your clients to optimize and speed up your receivable process. Our customized receivable reports help you to see who is overdue, which team members are performing well, and where you’re making the most money so that you can make financial and operational decisions without having to manage the receivable or payable process internally.

When you know how the receivable and payable process feeds into the financial environment as a whole you can reallocate valuable internal team time to billable work and scale your company faster and easier.