Whether your business has seasonal highs and lows or a consistent pace, managing your business cash flow is one of those jobs that it pays to delegate. Our capable staff can help you prioritize spending so you can eliminate late bill penalties. In addition, by managing your statements and invoicing, we ensure that money you are owed flows to you in a timely fashion.
Accounts Receivable
Canwest Accounting prepares account statements and invoices for all your clients. We also arrange delivery by email or Canada Post and handle payments by cheque, credit card and electronic funds transfer (EFT). As payments come in, we take care of account reconciliation and making deposits.
If accounts with receivable balances remain unpaid, we generate ageing reports, and when necessary, we prepare collection letters and begin follow-up activity.
- Invoicing
- Receiving payments
- Making deposits
- Updating records
- Generating ageing reports
- Preparing collection letters with follow-up activity
Accounts Payable
No more forgotten bills and double or missed payments. Before we arrange payments, we verify invoice amounts with you, reconcile supplier statements with your accounts, and arrange payment plans if necessary. We even look after online payments, and/or print and mail the cheques.
- Cash management
- Recording vendor invoices
- Account reconciliation
- Cheque printing and mailing
- Generating ageing reports