At Cash Ways Bookkeeping Services we can relieve you of wasting your valuable time sifting through your accounts helping you achieve an in-depth understanding of your business and its finances which are delivered directly to you.

• Accounts payable (bills and payments)
• Accounts receivables (invoices and collection)
• Daily General ledger maintenance
• Time tracking & job cost reporting
• Expense classification
• Reconciliations – Bank accounts, Credit card, PayPal and general
• Inventory management
• Foreign banking management
• Fixed asset management – set up of assets within the accounting program
• Coordinating with your CPA or tax adviser
• Audit prep and support for audit and tax queries
• Scan for accounting errors
• Check for automatic credits or debts not in your ledger
• Resolve discrepancies using detailed checking processes
• Set up of invoice templates for different invoicing purposes
• Prepare and send customer invoices including automated follow up reminders
• Some accounting packages allow for bill payments to be made directly from the program itself (e.g. Xero).  We can assist in the set-up of this and preparation of batch payments – a huge time-saver.
• Monitoring cash payments and cash receipts for budget and cashflow purposes.
• Manual entry, if necessary, for cash payments and receipts and transition to automated procedures.
• Periodic checks on debtor and creditor balances for any irregularities and possible staff fraudulent activity.
• Inventory/stock control – depending on the accounting program and add-ons, we can assist in controlling and monitoring inventory levels which support customer and supplier software modules.
• Correspondence with suppliers & customers when needed – any matters arising with customers or suppliers can be dealt with by us if needed
• Manual adjustments where needed

Keeping track of Accounts Payable and Accounts Receivable with expert bookkeeping services not only assists you in knowing who owes you money – and who you owe money to – it can boost your business profits ensuring you always know where your business stands financially.