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Accounts Payable
Many individuals and small businesses consider accounts payable to be the least important aspect of all accounting functions. Who can blame them? There is no fun in paying bills!

We consider the accounts payable function to be important due to the following reasons:
  • It affects the credit rating of your business and the ability to borrow money
  • Up to date accounts payable makes it easy to anticipate short term cash requirements
  • It shows the true worth of your business if the liability to your vendors is recorded accurately
  • Risk of overpayments or duplicate payments
  • Uninterrupted flow of supplies and services
  • In case of an audit it is important to have supporting documents for all your expenses

Services we offer:
  • Cash management
  • Expense administration - ensuring proper documentation for expense reports per IRS guidelines
  • Data entry of vendor invoices and aging reports
  • Electronic payments eliminating the need to write and mail checks
  • Scanning of paid invoices - no need to file invoices
  • Vendor inquiries
  • Sales and use tax returns
  • Issuance of 1099s at year end
  • Auditing internal controls
 
 
 
Feb 01, 2010
Furnish Forms 1098, 1099 and W-2G to recipients for certain payments during 2009 >>
Feb 01, 2010
Gross Income Tax Domestic employer’s annual report >>
Feb 01, 2010
Gross Income Tax Employer’s quarterly report >>
Feb 01, 2010
Partnership, Limited Liability Company, and Limited Liability Partnership Filing Fee for Calendar Ye >>
Feb 01, 2010
Connecticut Unrelated Business Income Tax Return Due >>
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