Account Receivable/ Payables Reconciliation
Accounts Receivable & Payables Reconciliation Services in Dubai
Accounts Payable (AP) and Accounts Receivable (AR)
- Accounts payable (AP) is money owed by a company to its supplier that is recorded as a liability on the balance sheet.
- Accounts Receivable (AR) is the payment received by the company from its customers who have purchased goods and services on credit.
Our clients’ access to various cloud-based account software ensures that invoices are sent promptly and regularly followed up on, assisting you to understand your cash flow and providing a variety of reports to help you effectively manage your cash flow.
Bank reconciliation is a process that compares the balances in an entity’s accounting records to the corresponding information on a bank statement. Bank reconciliation is an important part of the bookkeeping process because it ensures the accuracy of all data entered. We can reconcile your bank accounts and follow up on any discrepancies in a timely manner, ensuring that your company’s financial records are accurate.
Under our model, the outsource team will work exclusively for your esteemed company, ensuring seamless integration with your business operations. With our Accounts Payable Services in Dubai, you retain full control over decision-making while monitoring performance and providing feedback. You can set and track deadlines, design efficient work practices, and incorporate feedback from employees and customers to enhance financial processes.
Our expert team ensures accuracy, compliance, and timely payments, helping your business maintain strong vendor relationships and smooth cash flow management.
What you don’t have to worry about is the support services side, including premises, recruitment, HR, labor laws, IT, payroll, security, and more. With our Accounts Receivable & Payables Reconciliation Services in Dubai, we ensure seamless financial management while you focus on growing your business. We handle everything with accuracy and efficiency.
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FAQ
The department is responsible for running monthly aging reports and following up with customers whose invoices are 30 days past due.
If a customer has not received an expected invoice, please double-check the address provided to Accounts Receivable (AR) on the Invoice Request Template. The department can view and print a copy of the invoice for the customer by using the ‘Print an Invoice’ Job Aid (the job aid is located under Department Resources). If the customer or department has any specific questions, they can email AR.
This is not possible; once the invoice is created, any changes, such as line descriptions, customer name/address, invoiced amount, and so on, must be made via a credit memo and then a new invoice, which necessitates several manual steps. Please double-check all information before sending to Accounts Receivable (AR).
