What Are Your Accounts Payable?

Accounts payable are the amounts owed to vendors, with the exception of payroll and employee benefits. These include supplier invoices, bills, operating costs, and any other expenses your business incurs that have yet to be paid. Since accounts payables have yet to be paid, they are considered a current liability on your company’s balance sheet. Meticulous management of your accounts payable is vital to optimizing financial health. So, why do you need a professional financial advisor to manage your accounts payable? Let us show you!

Benefits of Professional Expense Management Services

enTune Financial Services will help ensure your accounts payable department runs smoothly and efficiently without strapping your business for cash. Here are just a few of the ways our expert financial advisors can help.

• Expense tracking – We will implement processes that ensure all expenses, including day-to-day expenditures, are recorded accurately and promptly. Failure to correctly track costs leads to an inaccurate picture of your finances and potentially devastating consequences.
• Scheduling payments – Using cash flow insights, payment schedules will be optimized to sustain adequate cash flow, maintain good relationships with vendors, and avoid disruptions in business operations.
• Expense analysis – Our team will carefully review expense analyses to identify areas where costs can be reduced (e.g., negotiating better terms with suppliers).
• Optimize budgeting – Creating and adhering to a budget that aligns with your company’s goals and current financials will prevent overspending.
• Vendor payment solutions – enTune can assist in implementing effective vendor payment solutions and negotiating more favorable payment terms with suppliers, including early payment discounts and extended due dates.
• Minimize tax obligations – Come tax time, our team will advise you on how to best structure payments and expenses to minimize tax obligations and ensure your business does not overpay or miss potential deductions.
• Automating processes – Accounts payable software that automates mundane tasks such as invoice processing, expense tracking, and vendor payments will increase payment efficiency and reduce human error. Furthermore, automation frees up resources to focus on other tasks.
• Accurate forecasting – Accurately forecasting accounts payable can help your business plan better for future payments, avoid supply issues, and make smarter decisions overall that propel the growth and expansion of your company.

A financial advisor will help your business cut costs and structure payments strategically, giving you as much cash flow as possible to sustain your operations and, when the time is right, grow and expand without sacrificing quality to your consumers.

enTune’s Expenses & Accounts Payable (AP) Services

enTune Financial Services offers the following services for expenses and accounts payable (AP):

• Processing payables (via ACH, Bill, Online bill pay, and others, including Positive Pay Management)
• Implementing systemized expense/payables processing procedures to gain efficiencies and improve internal controls
• Managing vendor documents (W-9s)
• Implementing and systemizing the expense reporting process

#1 Financial Advisors in Expense Management Services

Having an accurate picture of your company’s accounts payable and properly managing your expenses is vital to its success. enTune Financial Services is dedicated to simplifying business operations while helping you achieve your business goals. Our experienced team will work closely with you to implement effective and efficient processes. We will closely monitor your accounts payable, identify areas of weakness, and devise solutions to ensure you are always operating at the top of your game. It’s time to take your business to the next level. Schedule your complimentary consultation today!