Learn
What Is Accounts Payable?
What Is Accounts Payable?
Learn
What Is Accounts Payable?
BM Bookkeeping
Every strong business starts with organized payables.
Accounts Payable (AP) is the financial system your business uses to track, manage, and pay outstanding bills to vendors, suppliers, and service providers. It includes recording invoices, verifying accuracy, scheduling payments, maintaining vendor relationships, and ensuring your cash flow stays healthy. A strong AP process means you always know who you owe, how much you owe, and when payments are due — helping you avoid late fees, improve budgeting, and build long-term credibility with vendors.
Improved Cash Flow Control
Managing AP correctly helps you plan payments strategically, avoid cash shortages, and forecast upcoming expenses with confidence.
Improved Cash Flow Control
Managing AP correctly helps you plan payments strategically, avoid cash shortages, and forecast upcoming expenses with confidence.
Improved Cash Flow Control
Managing AP correctly helps you plan payments strategically, avoid cash shortages, and forecast upcoming expenses with confidence.
Fewer Late Fees & Penalties
Accurate AP tracking ensures bills are paid on time, eliminating unnecessary fees and protecting your business reputation.
Fewer Late Fees & Penalties
Accurate AP tracking ensures bills are paid on time, eliminating unnecessary fees and protecting your business reputation.
Fewer Late Fees & Penalties
Accurate AP tracking ensures bills are paid on time, eliminating unnecessary fees and protecting your business reputation.
Stronger Vendor Relationships
Vendors trust businesses that pay consistently. Better relationships often lead to better pricing, priority service, and more flexibility.
Stronger Vendor Relationships
Vendors trust businesses that pay consistently. Better relationships often lead to better pricing, priority service, and more flexibility.
Stronger Vendor Relationships
Vendors trust businesses that pay consistently. Better relationships often lead to better pricing, priority service, and more flexibility.
Accurate Financial Reporting
Clean AP records create more reliable financial statements, helping you make informed decisions and prepare for tax season.
Accurate Financial Reporting
Clean AP records create more reliable financial statements, helping you make informed decisions and prepare for tax season.
Accurate Financial Reporting
Clean AP records create more reliable financial statements, helping you make informed decisions and prepare for tax season.
Reduced Errors/Duplicates
A structured AP workflow catches incorrect charges, missing invoices, and duplicate payments before they cost you money.
Reduced Errors/Duplicates
A structured AP workflow catches incorrect charges, missing invoices, and duplicate payments before they cost you money.
Reduced Errors/Duplicates
A structured AP workflow catches incorrect charges, missing invoices, and duplicate payments before they cost you money.
Better Budgeting & Predictability
Knowing exactly when payments are coming allows you to budget more realistically and maintain financial stability year-round.
Better Budgeting & Predictability
Knowing exactly when payments are coming allows you to budget more realistically and maintain financial stability year-round.
Better Budgeting & Predictability
Knowing exactly when payments are coming allows you to budget more realistically and maintain financial stability year-round.
Examples of Accounts Receivable
BM Bookkeeping Can Handle
Examples of Accounts Receivable
BM Bookkeeping Can Handle
Reliable Tracking for Every Payment Owed
Reliable Tracking for Every Payment Owed
1
Vendor Invoice Processing
We receive, record, and categorize vendor invoices to ensure nothing falls through the cracks.
1
Vendor Invoice Processing
We receive, record, and categorize vendor invoices to ensure nothing falls through the cracks.
2
Bill Payment Scheduling
We organize due dates and set payment timelines to avoid late fees and improve cash flow.
2
Bill Payment Scheduling
We organize due dates and set payment timelines to avoid late fees and improve cash flow.
3
Recurring Expense Tracking
We monitor subscription-based, utility, and service expenses to keep ongoing costs consistent and predictable.
3
Recurring Expense Tracking
We monitor subscription-based, utility, and service expenses to keep ongoing costs consistent and predictable.
4
Purchase Order Matching
We match POs with invoices and receipts to confirm accuracy before approving payments.
4
Purchase Order Matching
We match POs with invoices and receipts to confirm accuracy before approving payments.
5
Credit Card Charge Review
We verify charges, categorize expenses, and make sure every purchase is accounted for correctly.
5
Credit Card Charge Review
We verify charges, categorize expenses, and make sure every purchase is accounted for correctly.
6
Vendor Balance Reconciliation
We check vendor statements regularly to identify discrepancies and prevent duplicate or incorrect payments.
6
Vendor Balance Reconciliation
We check vendor statements regularly to identify discrepancies and prevent duplicate or incorrect payments.
Frequently Asked Questions (FAQ)
What bookkeeping services do you provide?
We offer Accounts Payable Management, Accounts Receivable Management, Account Reconciliation, Sales Tax Tracking, Payroll Integration, and CPA Coordination. Each service is designed to keep your books organized, accurate, and ready for tax season.
What bookkeeping services do you provide?
We offer Accounts Payable Management, Accounts Receivable Management, Account Reconciliation, Sales Tax Tracking, Payroll Integration, and CPA Coordination. Each service is designed to keep your books organized, accurate, and ready for tax season.