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.
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