Bookkeeping Services - Accounts Payable
We can help manage your payables!
Accounts Payable management is another important piece to bookkeeping services. This process involves several different steps. The first step is receiving the vendor invoices from the mail. The second step is properly entering the vendor invoices into the ledger in Quickbooks or other Accounting software. The third step is monitoring the aging to make sure all vendor invoices get paid on time. The last step is to select invoices to pay, cut checks, and mail vendor checks. We can provide full service accounts payable services for clients.
Every client is different and we can provide specific accounts payable services based on each business owners needs. Set up a free consultation and we can discuss your specific accounts payable services.
If you pay someone who is not your employee, such as a subcontractor $600 or more for services provided during the year, a form 1099-MISC needs to be completed and a copy of the 1099-MISC must be provided to the independent contractor. We recommend that any indepent contractor fill out the W9 form. Quickbooks allows for easy tracking of independent contractors. When a contractor is entered into Quickbooks under the vendor setup there is a section where you can designate a 1099 contractor. Ohler Bookkeeping can help you track these vendors on regular schedule and also help with the preparation of your 1099-MISC forms at year end.