Welcome to J.G. Accounting Services

Accounts Payable

What is Accounts Payable?

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.


Our Accounts Payable Services:

  • • Input vendor invoices to payable system.
  • • Classify invoices to the proper G/L account.
  • • Request and maintain vendor W-9 information.
  • • Maintain vendor master files.
  • • Respond to vendor inquiries about payment status.
  • • Retrieve copies of payments as necessary.
  • • Prepare and file required 1099 forms.
  • • Process requests for stop payments when necessary.
  • • Cut checks to vendors based on due dates or client instruction.
  • • Reconcile vendor statements to accounts payable ledger.
  • • Reporting to organization on detailed aged payables and cash requirements.
  • • Year end 1099 forms.