ACCOUNTS PAYABLE OUTSOURCING

1
ACCOUNTS PAYABLE OUTSOURCING

• BY
• RENUKA INFOCOM PVT LTD
• ITES-BPO COMPANY
• AN ISO 90012000 CERTIFIED
• NEW DELHI
• INDIA
• 
  www.renukainfo.com

2
OVERVIEW

• The accounts payable process pays an important
  role under the accounting process. Companies
  spend huge expenditure on maintaining accounts
  payable process depending upon the Purchases of
  the company from year to year.
• If the accounts payable department is not strong
  enough to track the outstanding dues at the end
  of each payment period then huge cost is to be
  incurred for tracking the exact payment to exact
  vendor at exact time. Additional cost may be
  incurred like penalties on late payment,
  interest, discount waivers, duplicate payments,
  wrong payment to vendors or additional payments,
  etc.
• 
  www.renukainfo.com

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BENEFITS TO OUTSOURCE

• Improve the payment cycle.
• Building vendors confidence.
• Reduction of additional liabilities.
• Effective creditors management.
• Timely payments of Bills.
• Reduction in Management expenses like manpower
  cost,
• infrastructure cost and communication cost
  by 40-50.
• Better Time Management with improved staff
  efficiency.
• In-Depth study of accounts payable expenses.
• 
  www.renukainfo.com

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AUDITING BY RENUKAS

• Nature of payment to be made.
• Actual Amount due to the vendor.
• Checking full contact details of the vendor for
  which the amount is due.
• Reconciling the purchase order with the invoice
  received again for value of goods.
• Checking the due dates of the invoice.
• Checking the description of goods in the invoice
  with the order placed.
• Any Advance payment made to the supplier against
  the purchase order.
• Status of defective goods, received and goods
  returned.
• Debit note issued by vendor.
• Verification of taxes charged on the gross
  amount.
• Any other on spot verification or auditing.
• 
  www.renukainfo.com

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METHODOLOGY OPTED FOR A/P BY RENUKAS

• SEND INVOICES WITH ACCOUNTS PAYABLE ST.
• AUDITING
• QUALITY CHECK
• FINAL OUTPUT
• www.renukainfo.com

6
THANK YOU

• PRESENTED BY
• RENUKA INFOCOM PVT LTD
• 309-314 Aggarwal Millenium Tower,
• Netaji Subhash Place, Pitampura,
• New Delhi , India 110034.
• CEO, ROHIT GARG (C.A.)
• E-mail rohit.garg_at_renukainfo.com
• US Toll Free 1-866-682-8799
• GSM 91 93136 77799
• www.renukainfo.com
• www.accounting-outsourcing-india.com