16 April, 2024
Strategies For Minimising Errors In Your BAS Submission
Have you ever found yourself staring at your business activity statement (BAS) and wondering...
Accounts Payable & Accounts Receivable
Two important areas for business owners to be across are accounts payable and accounts receivable.
Accounts payable is the money that a business owes its suppliers for goods or services that were received on credit, whereas accounts receivable records the money that a business should collect from customers who received goods or services on credit.
These areas are a major part of the balance sheet of small and medium businesses. Unless you’re trained in bookkeeping and accounting, it can be difficult to grasp the steps involved in the process.
Looking for a solution that removes the guesswork and manual tasks out of managing your accounts payable and accounts receivable? Carbon Bookkeeping & CFO Services can help.
Not only can we take the management of your accounts payable and accounts receivable off your plate, but we can streamline your processes to make it more efficient and help with debt collection.
We utilise the latest cloud-based technologies, and this allows us to give you access to your live data anytime, from any device. By using online invoicing, such as Xero, you’ll simply email your customers a link to a live invoice that includes a Pay Now button for accepting payments online. By utilising accounts receivable software, you’ll receive payment faster, and save on manual administrative tasks.
A higher level of service, from anywhere at anytime and for less
- Reduction in stress from having to manage your accounts payable and accounts receivable yourself.
- Access to your data at your fingertips anytime, anywhere.
- Peace of mind knowing your accounts payable and accounts receivable is being managed correctly.
For many small and medium businesses, hiring additional staff to ensure the business’ finances are in order isn’t a cost or time-efficient option. Carbon can act as your accounts department and take care of it all to ensure you’re paid for your services and are meeting your financial obligations.
Say hello to a more efficient bookkeeping experience.
Frequently Asked Questions
When a business owes its suppliers or vendors for goods or services that were received on credit, then this is accounts payable. Accounts receivable is the opposite and is the money that a business should be collecting from customers who received goods or services on credit.
A good accounts payable process will help you maintain great relationships with your suppliers.
Accounts receivable is important because you need to get paid. If you don’t manage accounts receivable correctly, your business will quickly run out of money.
Absolutely! Carbon Bookkeeping & CFO Services will work with you to tailor a solution that suits your business’ needs. Accounting software such as Xero have cloud-based technology solutions to get your business running smoothly.
Waterwise Landscaping Case study
Waterwise Landscaping create purposefully designed exterior environments for their clients’ homes, adding value to their property. Waterwise Landscaping was previously using MYOB but found it complicated to use. They wanted to improve their bookkeeping knowledge and data entry to bring the work in-house.
Carbon converted them to Xero and trained their staff on how to use it, allowing them to do most of the data entry on their own. Xero has saved Waterwise Landscaping approximately 70% of their bookkeeping costs and around 50% reduction in time spent doing data entry.
Contact us today Book a free consultation
To find out more about AP/AR, simply fill in the form below and a member of our friendly team will be in touch shortly.
Our Latest
Featured in
Quotes
1 April, 2024
Company Secretaries: The Backbone of ASX-Listed Companies
Gone are the days when the primary duties of Company Secretaries included minute-taking and...
28 March, 2024
Why Relying Solely on Software Can Lead to Bookkeeping Mistakes
In today’s digital age, bookkeeping software like Xero is a game-changer for small business...
