Accounts Payable & Receivable

Businesses must keep track of all financials. Accounts payable and accounts receivable are two of the most essential elements. They ensure you receive the payments you are owed and don’t accrue debt due to unpaid invoices.
Coastal Compass provides accounts payable and receivable services to keep your financials in order. We will ensure your financial wellness.
Coastal Compass Assists with Accounts Payable

Accounts payable is the money you owe to suppliers and vendors. We assist with accounts payable by performing the following tasks:

• Checking Invoices: We check your vendor and supplier invoices to ensure they are accurate.
• Record Payments: We will enter payments into your bookkeeping system and confirm they match with banking entries.
• Maintain Timely Payments: Our team will devise a payment schedule for optimal cash flow. We will process payments in a timely fashion to avoid debts and interest.
• Create an Approvals Workflow: An approval workflow will maintain oversight and help control your payments and finances.

Coastal Compass Ensures Optimal Accounts Receivable Management

Accounts receivable refers to the money you collect from clients. We will oversee your account receivable system for optimal profitability.

• Invoicing: We will invoice your clients for products and services rendered.
• Follow-Up: We will follow up with clients to ensure they pay their invoices on time. We will run collections for late payments.
• Update Payments: Our team will record all payments in your financial system to ensure your books are accurate.

What Makes Coastal Compass a Preferred Provider of Bookkeeping Services

• Accuracy: Our years of experience ensure accurate financial services.
• Optimal Transparency: We will break everything down for you to ensure you know where your finances stand.
• Trusted Service: We use secure platforms. Our trustworthy bookkeepers ensure your personal information will not be compromised.
• Versatile: We handle everything including payroll, invoicing, accounts payable and receivable, reconciling, and reporting. We will take the stress of handling finances off your plate.
• All Industries: We serve various industries and companies of all sizes.

Coastal Compass is here for all your financial needs. Contact us to ensure you send and receive timely payments.

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