At Belmero Inc. we know that business owners sometimes get really busy and aren’t able to devote the necessary time to keeping an eye on payables and all of their accounts. Because of this, it’s important that these business owners work with our company to discover if they are making overpayments or missing any deductions that they could be taking with their suppliers. The best way to do this is to start with an accounts payable recovery audit and analyze that information.
What Is the Purpose of the Audit?
When you work with us to have an audit completed, you will be able to discover a lot of data about your company. Our team of experts knows how to correctly and quickly complete a full audit for you as well as how to interpret the results that they find. We will look at your payment terms, supplier credits, contract terms, allowances, rebates, and accruals, and will also check for any duplicate payments. Because we are so thorough in our work, you can rest assured that if there are any discrepancies, we will find them. Once we identify any problems during your audit, we will work hard to recover any of the money that is owed to you.
Every Audit Is Different
We understand and respect that all of our customers are different and have different needs, which is why at Belmero Inc., we will work with you to determine what your specifications are. Nothing happens without our customers being aware of the work that we are doing, and we do not let our auditors make arbitrary decisions. Instead, all of the work that we do is controlled and exact. More importantly, we work with you to apply the necessary fixes to prevent future loses. It’s this fact that sets us apart from many of our competitors, as we attempt to solve the issue, not just identify the issue..
Coming Up with a Plan
After the accounts payable recovery audit is completed, it’s important that we develop a plan that can be implemented to recover as much of your money as possible. The steps taken will vary from customer to customer, but will include improving your systems and controls, working on any contracts that you have with your clients, and coming up with a better way to get paid. Your accounts payable will never be the same, and you will be able to rest easy that you are no longer losing money or overpaying your suppliers.
It’s important that your business collects all of the money that is owed to it, and we work hard to make sure that your bottom line looks great. No matter whether you are losing money from overpayments or because of unidentified credits, our goal is to STOP the overpayments, thus impacting the bottom line.
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