Virtuous Bookkeeping specializes in delivering seamless accounts payable (AP) services within the GTA, resulting in improved speed, lower costs and efficiency for any organization. Our mission is to help businesses increase their focus on value-added tasks while we transform their AP process into a value-generating, strategic arm enabling greater savings and improving supplier relationships.
How Our AP Service Adds Value
We take pride in calling ourselves one of the most trusted accounts payable outsourcing solution provider in Toronto. We provide industry best practices that translate into enhanced profitability. Here’s how we add value to your business.
• 24×7 assistance through virtual communications with readily available up-to-date information
• Highest-level of security of customer data
• The best-in-class service management tools and security infrastructure
• In-depth analysis of issues to avoid paying fines or interests for late bill payments
• Automatic handling and processing of invoices with the latest software and cloud storage
• Use of appropriate channels for exception reporting and handling
• Tracking of payables outstanding by vendors
• Customized services to meet business needs
• Timely payment of bills leading to freeing up of working capital which will assist in fueling growth
• Follow up on and settlement of unreconciled items on a timely basis
• Dedicated teams for separate projects to avoid overpayment or duplicate payment
• Well-managed end-to-end accounts payable function to ensure accuracy and process optimization
At the Virtuous Bookkeeping, we have proven expertise in the AP process. Our team of dedicated bookkeepers, account managers, reviewers and professional accountants have the right experience to help you unlock more value from your accounts payable.
At the Virtuous Bookkeeping, we aim to simplify and streamline your accounts payable process so you never miss a payment. When you choose our accounts payable outsourcing services, here are the steps we follow:
Step 1 We receive a scanned or soft copy of your invoices.
Step 2 Invoices are saved in the pending files folder.
Step 3 We have you approve the invoices to avoid double payments.
Step 4 Invoices are paid online using your preferred method of payment.
Step 5 We send a weekly or monthly report on cash usage.
We ensure all aspects of payments are completed in the least amount of time. With a proactive approach, we identify errors, rectify them and eliminate the risk of duplicate payments. We also prepare a detailed report that you can easily access.
Accounts payable outsourcing increases your business’s efficiency and value. Here’s how:
Apart from accounts payable services, we also offer:
Still have questions? Our team answers some of the most frequently asked questions about our services.
We are committed to protecting your data and take appropriate actions. Your files are placed into an encrypted folder, which automatically encrypts before being synced to the cloud. We use multiple strong passwords and security technologies to ensure that any network breaches are rapidly identified and resolved.
Yes. At the Virtuous Bookkeeping, we use software like QuickBooks, Xero, Wave Accounting, and FreshBooks.
We offer many flexible pricing options to ensure you only pay for what you need. We have renewable monthly and hourly rate packages. Click here to view our pricing structure. Contact us to discuss pricing.
By trusting Virtuous Bookkeeping for your accounts payable, you can rest assured that you are getting a streamlined process flow leading to increased efficiency and profitability. Some of the key benefits of our services include-
• Reduced payment cycle time
• Effective risk mitigation
• Low processing cost
• Increased productivity
• Paperless processing for easy tracking
• Complete control and transparency
We understand that while making payments; accuracy, timeliness and cost-effectiveness are pivotal to accounts payable function in a company. That’s why we ensure that your AP process is handled with expertise and precision.
If you’re looking for a reliable account payable outsource provider, get in touch with us at 1-888-807-5009 to request a quote. We offer flexibility for you to leverage our services on a flat monthly or hourly rate so that there are no last-minute surprises or hidden costs.