Account Payables And Account Receivables

Strengthening the Bedrock of Your Financial System!

Creating a fair balance of accounts and empowering businesses to take reliable financial decisions, accounts payables and account receivables are the most significant and critical processes in any productivity-oriented organization. Additionally, with systematic accounts receivable and payable operations in place, you can efficiently manage the working capital and identify the key areas for fund savings.

Maintaining accurate accounts of purchased and sold goods or services either on cash or credit gives you clarity in your finances and allows you to manage your funds accordingly. Offering virtuous outsourced business bookkeeping services in Sri Lanka, eawayout has been supporting its overseas and Indian clients to streamline their financials more effectively and productively. With reliable AP & AR services, we strengthen your financial system by efficiently updating your accounts and recording accurate and real-time receivables and payable transactions.

Organized and Systematic Procedures

Our diligent accounting and bookkeeping processes which include scanning, filtering, categorizing, and storing, enable us to offer reliable AP & AR services to our clients. Our stringent methods of ascertaining the accounts payables and receivables for your business include:-

Invoice Receipt: In the first step, we acquire hard and e-copies of your invoices in order to start the further accounting process.
Image and Data Capture: Right after acquiring the invoices, all the data will be stored in image format to complete the invoicing procedure.
Process and Route: All the invoices are segregated according to the business agreements and further routed to respective customer executives and lenders for final approval.
Disburse and Archive: Post the final approval, the invoices will be uploaded to the respective A/P and A/R accounts/systems for payment procedures. The invoices are then posted manually in the general ledger for further accounting procedures.

Complete Control over the Data

With our AP & AR services, we allow you to seamlessly handle all vital finance functions that effectively parallel with the cash flow. With our meticulous solutions, we aim to augment your control over your accounts by maintaining up-to-date financial records with real-time access to it.

Services Backed By Our Accounting Experts

With constant assistance from cutting-edge technology and a proficient finance eawayout Team on board, the outsourced bookkeeping services provided by us effectively and extensively manage all your payable and receivable records. Our reliable Accounts Payable & Account Receivable Services include:

Account Payable Services:

1. Data Capture
Covering all the receipt and managing the paper-based payables and receivables documents.

Sorting
Batch preparation
Scanning
Indexing
Storage and Retrieval
Audit and Reconciling

2. Data Processing
Stringency towards exceptional transaction and treating it accordingly.

Approval and Routing
Shortened Month End Closing Process
Document Audit Trail

3. Suspect Duplicate Analysis
Eliminating the risk of duplication of transactions and accrued payments.

Automated and Manual Data Entry
Three Way Database Matching
Electronic Invoice Processing

4. Disbursement
Reducing the floating costs via fast payments

Print and Distribution of Cheques
Secured Maintenance of Check Stocks
Online Proofing
Electronic Payments
Special Invoice Mail Handling

5. Our Additional Services
To strengthen the financial stability of your business.

Utility Bill Management
Travel Expenses Processing
Tax Reporting
Supplier Management
Special Project Reports

Account Receivable Services

Billings preparation and mailing after customer approval
Record and account for revenue
Entering receivable transactions into the accounting software
Preparing and delivering periodic statements
Issuing of credit memos and refund checks approved by the customer
Maintaining subsidiary receivables ledger
Carrying out process adjustments approved by the customer
Applying cash received to customer accounts and resolving short pays
Preparing accounts receivable reports
Accounts receivable deductions management (AR deductions management) services

Diligence – Our Service Mantra

Extensively monitoring your payables and receivables, substantially minimizing the possibilities of any errors and further ensuring the authenticity of the final records, our accounting experts offer precise and flawless outsourced accounting services. Our web-based reporting system provides real-time access to your data and allows you to keep an observant eye on the A/R and A/P accounts. With diligence in our work and reliability in our AP & AR services, we intend to strengthen your business relationships with your vendors and customers alike and deploy transparency in your overall business finances.