Accounts Receivable, Accounts Payable & Bill Payment
In addition to accounting services, US Franchise CPA offers franchisees a specialized service where we provide the following value add services:
- Client invoice preparation
- Accounts Receivable Management
- Accounts Payable Management
- Bill payment
The entire process is managed and approved by the franchisee owner, with implementation
carried out based on the franchisee’s specific requirements.
Client Invoice preparation & Accounts Receivable Management
US Franchise CPA can prepare and send invoices to franchisee’s clients based on instructions
from the franchisee. These invoices may be for a fixed amount and sent at pre-determined
intervals or for variable amounts on an ad hoc basis as directed by franchisee management.
Accounts Receivable Management is closely linked to the preparation of client invoices. It
involves regularly reviewing the Accounts Receivable Summary statements and following up
with clients on overdue invoices.
Please get in touch with us to learn more about the process we follow to execute this service
and determine if it meets the needs of your franchise.
Bill Payment & Accounts Payable Management
The US Franchise CPA team works closely with franchisee management and, at predetermined intervals, processes the bills for payment based on an Accounts Payable summary review. We identify all outstanding vendor invoices and prepare them for approval. Franchisee management has the flexibility to accept, modify, or reject any vendor bills for payment. Once approved by the franchisee, the vendor payments are made electronically.
