Accounts Payable Management

Accounts payable is everything the business owes its suppliers. Managed well, it means bills are captured, approved, and paid accurately and on time — protecting supplier relationships and cash flow, and applying TDS correctly.

The firm runs the payables cycle, with the controls that prevent duplicate or wrong payments.

Accounts-payable management includes:

• Capturing and verifying vendor invoices
• Running the approval workflow against POs and receipts
• Computing TDS on payments and scheduling settlements
• Vendor-account reconciliation and statements
• A payables ageing and a payment calendar

1. 01

   Capture

   Record and verify vendor bills against purchase orders.

2. 02

   Approve

   Route bills through the agreed approval workflow.

3. 03

   Pay

   Schedule and process payments, applying TDS correctly.

4. 04

   Reconcile

   Reconcile vendor accounts and report the ageing.

PBT runs your payables accurately, with controls and timely settlement.

• Invoices captured and matched to POs
• Controls against duplicate and wrong payments
• TDS applied correctly on payments
• Vendor accounts reconciled
• Scope, deliverables, and fees agreed in writing up front

• Do you handle TDS on vendor payments?

  Yes. We compute and apply the correct TDS on payments and feed it into your TDS returns.

• Can you work with our approval process?

  Yes. We run payables through your approval workflow and payment authority, so control stays with you.

• How long does it take?

  We set up the payables process in a week or two and then run it on your payment cycle.