Accounts Payable

Live Accounts And Detailed Reporting

Ongoing reconciliations to generate rich data to enhance business decisions

Live Accounts And Detailed Reporting

Ongoing reconciliations to generate rich data to enhance business decisions

Save thousands in Tax

Work with experts to provide solutions to optimise tax positions across one or many entities

Save thousands in Tax

Work with experts to provide solutions to optimise tax positions across one or many entities

Trusted And Qualified Accountants

Unparalleled advice through 20 year’s combined accounting experience.

Trusted And Qualified Accountants

Unparalleled advice through 20 year’s combined accounting experience.

Account Payable

Accounts payable is the process of adding in any purchase invoices and bills in to the accounting software. 

In Xero, this is done by emailing the invoices into the accounting software which creates a draft bill and saves the document in Xero. The fields that need to be added are account (what is the invoice for?), GST and review other key details including amount, invoice date and due date.

A standard time to do this is once every two weeks, with the batch payment file downloaded from Xero and uploaded into your online banking. This automates the payments and ensure all creditors are paid exactly on their respective due dates.

Paying bills on their due date and not before, is a great way to optimise your cash position. Scheduling the payments so they automatically go on the due dates is the key to efficiency.

The qualified Team at POP Business are experts in preparing the Accounts Payable and ensure a smooth and effective process occurs every time.

How does it work?

POP enters purchase invoices/bills into accounting software on a fortnightly basis
POP uploads an ABA file which lists all the payables due in the one page
POP processes payments in online banking
POP emails business contact and provides summary of A/P in email
Business owner or CFO approves the batch payment
Multiple payments made on their different due dates automatically

Ready to boost your business?

Your Benefits include;

1. Peace of mind knowing suppliers are paid on time.

2. Purchase invoices and bills saved in Xero against the bank transaction (No more paper or saving the invoices elsewhere!)

3. Optimised cashflow as payments are not made early.

4. Fast and simple process which takes the stress out of the accounts payable function.

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