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Creditors, Debtors, & Cash Payments Services

Creditor, Debtor, and Cash Payment Management Services

At DAB Financial Solutions Group, we understand the importance of maintaining accurate and up-to-date financial records for your business. Our dedicated team of accounting professionals is committed to providing tailored solutions to meet your unique needs. One of our key services includes managing Creditors, Purchases, and Cash Payments on a weekly, fortnightly, monthly, or quarterly basis, depending on your specific requirements.

Creditors Management

Proper management of your creditors is crucial for maintaining good business relationships and ensuring the smooth operation of your company. Our experienced team will handle your creditors’ accounts with the utmost care and professionalism. Our services include:

Accounts Payable: We will ensure that all invoices received from suppliers are accurately recorded and paid on time, reducing the risk of late payments and the associated penalties.

Supplier Reconciliation: Regular reconciliation of supplier statements with your internal records is essential to prevent discrepancies and maintain accurate financial reporting. Our team will perform this task diligently, identifying and resolving any issues that may arise.

Aged Payables Reporting: We will provide you with regular aged payables reports, giving you an overview of outstanding payments and helping you to manage your cash flow effectively.

Payment Scheduling: We will work closely with you to create an efficient payment schedule that aligns with your cash flow and ensures your obligations are met in a timely manner.

Purchases Management

Effective management of your purchases is key to controlling costs and maximizing profitability. Our team will assist you with the following aspects of purchases management:

Purchase Order Processing: We will process purchase orders, ensuring all necessary documentation is in place and orders are placed with suppliers accurately and promptly.

Purchase Invoice Verification: Our team will verify purchase invoices against purchase orders and delivery notes, ensuring that you are only billed for the goods and services you have received.

Expense Categorization: We will correctly categorize your expenses, ensuring that your financial records accurately reflect your business operations and enabling you to make informed decisions based on reliable data.

Inventory Management: We can assist you in maintaining accurate inventory records, helping you to minimize stock discrepancies and optimize your purchasing process.

Cash Payments Management

Managing cash payments is an integral part of any business’s financial operations. Our team of experts will handle all aspects of cash payments management, including:

Cash Disbursements: We will process cash disbursements in a timely and accurate manner, ensuring that your payments are made according to your specific guidelines and requirements.

Petty Cash Management: Our team will manage your petty cash fund, maintaining accurate records and ensuring that all disbursements are appropriately documented and reconciled.

Bank Reconciliation: We will perform regular bank reconciliations to confirm the accuracy of your cash records and identify any discrepancies, allowing you to address any issues promptly.

Cash Flow Forecasting: Our team will help you create and maintain accurate cash flow forecasts, enabling you to make informed decisions about your business’s financial health and future growth.

At DAB Financial Solutions Group, we are dedicated to providing exceptional accounting and bookkeeping services that cater to the unique needs of your business. For more information about how we can help you manage your Creditors, Purchases, and Cash Payments, please contact us at [email protected] or call us on 1300 004 322.

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