Accounting Tools Mastered
VE’s accounts payable specialists will prudently record all purchases of goods and services made from various suppliers and vendors so that every single invoice raised is paid for from day one.
Hire AP specialists from India to perform the complex task of comparing invoices received from various vendors and suppliers with the purchase orders to steer clear of underpaying or overpaying.
Keeping track of all authorized invoices and mapping them to original purchase orders, goods delivery receipts and supplier invoices is what our accounts payable experts excel at.
Disputed invoices are handled adroitly by our virtual accounts payable experts as they stay organized, keep email exchanges and detailed records of time, materials and other billable costs.
Your expert accounts payable team at VE will make sure that every single invoice is posted correctly, and payments are done according to the payment terms decided with the vendors.
Our accounts payable specialists are always available for vendor management and ready to solve any queries related to payment processes and reduce invoice discrepancies.
Right from creation, order approval and dispatch to invoicing, delivery and closure, VE’s accounts payable experts process all your purchase orders along with quality and budget checks.
Get reliable and error-free processing of your monthly AP ledgers to remain on track with all payments done every month. Gain visibility into all the current and outstanding accounts payable.
Hire AP specialists to ensure simplified utility bill gathering, validation and payment for delivering process efficiencies and added transparency to the facility and accounts payable teams.
Outsource accounts payable to compile vendor master data which includes procurement history, contract records, etc. for creating a single source of truth for data linked to specific vendors.
Our AP specialists examine the vendor statements and invoices to recognize and validate any cost recovery options, find the primary causes of variations, settle and make financial recoveries.
Highly experienced in Bookkeeping, Taxation with extensive knowledge and understanding of QuickBooks.
Proficient in US GAAP and has expertise in Bookkeeping, maintaining financial accounts, and preparation of financial statements.
A highly motivated and versatile Financial Analyst with good knowledge in Bookkeeping, Accounting, Records Keeping, Budgeting, Forecasting, Variance Analysis, etc.
Kick-start your project straightaway with our popular No-Obligation, No-Payment up to 1 Week Free Trial. Continue with the same resource if satisfied.
Our free, quick, bespoke hiring process helps you save on not just expensive local recruitment fees but also lengthy waiting periods to hire just one resource.
Get your own 'remote workplace in India’, do away with pesky issues such as HR, Admin, Payroll, etc., and only pay your remote accounts payable specialist’s salary.
Your accounts payable specialists receive the vendor’s digital invoices and perform a three-way match to verify the purchase order, goods receipt and invoice.
Next, VE’s virtual accounts payable experts review and approve supplier invoices after verification of receipts. This takes place before the invoices are recorded as a cost within the ERP and sending the payments.
Our AP specialists from India then closely check and flag any inconsistency in quantity or price during invoice processing to the company and the vendor.
After all the variances are checked and addressed, the invoice is vouched for and authorized by the concerned authority.
Once everything is cross-checked and verified, payment is issued promptly, and remittance details are sent to the vendor.
Once payment is made, the invoice is marked as paid, closed out of the system, and filed into various repositories.
It has made me possible to live the kind of life I wanted. I can travel & run my business.
Within a month of starting, he had my QuickBooks all caught up and in a much better state.
She's worked hard and battled through family commitments to deliver the work we needed.
No card details required.
Senior team lead assistance.
Keep all the work. It's yours.
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Accounts Payable (AP), or short-term debt, are current liabilities owed by a company to its suppliers and vendors for goods and services purchased. It is a critical business function that impacts a company’s cash flow as it is closely involved in the coding, approval, payment, and reconciliation of vendor invoices. Maintaining an in-house team of accountants, especially for SMBs and solopreneurs, can be expensive. This is why outsourcing this key business function makes sound business sense. Virtual accounts payable specialists from India ensure that payments are only made on legitimate and accurate bills and invoices. Keeping track of all day-to-day payment cycle activities in a timely and efficient manner helps protect an organization’s cash and assets and gives them improved financial control....
In short, an experienced and well-managed virtual accounts payable team can save an organization massive amount of time and money. Outsourcing accounts payable services to trained experts in reputed companies safeguards a firm’s cash and other assets. It prevents them from paying a fraudulent invoice, paying an inaccurate invoice, paying a vendor invoice twice and being certain that all vendor invoices are accounted for.
Outsourcing accounts payable services aren’t just related to shifting the accountability of a business procedure. Outsourcing a business operation is going to add value to your company and optimize your accounts payable process. The advantages include:
When you outsource any business operation, your company is going to witness a gush in productivity immediately. The accounts payable services company has access to experienced accountants along with automated tracking and processes. As a result, you can be confident about your account statements and invoice copies being processed fast. Outsourcing assists your business to get the accounts payable operations performed more precisely, swiftly and proficiently as compared to an in-house team.
It is expensive to recruit an in-house account payable team and provide them with the necessary software and tools. If you choose to outsource accounts payable services, your business will get instant access to extensively experienced and trained professionals who will carry out the same job at a relatively lower cost. Also, you’ll keep away from the cost of buying accounting software and tools. Even if you experience an increase in your workload, the accounts payable service provider will deliver the goods without any additional cost.
Automated Tracking & Real-Time Access
Although your offshore accounts payable specialist from India will be working remotely, you can track every single step of the accounts payable process instantly. Additionally, you will enjoy real-time access to all information related to accounts payable. Your business can rest assured that you aren’t going to be out of sight even if you choose to outsource accounts payable services.
When you have an in-house accounts payable team, you will also need to get a supervisor onboard who will be responsible for scheduling or handling problems if your AP team isn’t present. When you outsource accounts payable services, your outsourcing partner will train several employees about the maintenance of accounts and following industry standards.
When handling finance and accounts, human errors can prove to be expensive. If your business utilized spreadsheets for accounts payable, there is a high probability that there are errors in the process already. But when you choose to outsource accounts payable to India you get access to automated processes and skilled AP specialists who can decrease the number of common errors to nearly 99.9%.
When it comes to outsourcing accounts payable services, all eyes usually turn to India, and with good reason. The highest number of ISO-certified companies, an abundance of IT skills and close to 0.1 million (or 1 lakh) skilled and certified accountants joining its accounting talent pool each year, make India the inevitable winner for virtual accounts payable services.
Partnering with the right accounts payable outsourcing companies in India, like Virtual Employee, only amplifies the benefits of letting such qualified professionals handle your accounting complexities with accuracy and speed.
Virtual Employee’s virtual accounts payable professionals transform your tedious manual AP processes into efficient, automated ones by using cloud software like Xero, QuickBooks Online, etc. This also ensures that your financial data is safe and secure within multi-layers of encryption.
That’s not all. You get up-to-the-minute reports regarding payment oversight along with organized invoices to help you steer clear of hidden costs, interest charges, late fees, invoice discrepancies and disputes. Such a precise idea of actual cash flow is crucial in making growth and expansion decisions.