Working with us for accounts payable/receivable services streamlines the process and reduces the risk of errors.
When running a business, you’ll often hear terms thrown around that may not be clear. One example is accounts payable/receivable. Accounts payable refers to the money owed by the company to its vendors and suppliers for goods and/or services. The term encompasses the liability, or short-term debt that is on the company’s balance sheet and typically paid off within one year of its accrual. By contrast, accounts receivable refers to the money owed to the company by its customers. It includes anything purchased on credit that has not yet been paid in full, but it is still considered an asset and can often be recovered within 90 days or fewer.
Managing the accounts payable/receivable requires careful processes and a close eye for detail. Even a minor mistake in a single ledger entry could throw off the finances of the entire business. Working with a trusted professional can help your business run more smoothly. Here in Sandpoint, Idaho and the surrounding area, our team at TG Accounting PLLC can provide this service, as well as many other financial services. We have a team of knowledgeable and highly trained financial professionals who can support your business needs and provide ongoing support.
Working with us for accounts payable/receivable services streamlines the process and reduces the risk of errors. We can take over your ledger, monitoring the short-term debts and purchases made on credit to ensure that all funds are properly accounted for each month. Give us a call to speak with a member of our team about how we can assist.
At TG Accounting PLLC, we offer accounts payable/receivable services for clients in Sandpoint, Coeur d’Alene, Meridian, Nampa, and Boise, Idaho, as well as Cheyenne, Wyoming; Reno, Nevada; Sioux Falls, South Dakota; Billings, Montana; and Provo and Salt Lake City, Utah.
