Paying bills is a major part of managing your business. Your payables affect your day-to-day cashflow and your profitability.
Savoy Bookkeeping and Tax Services (Savoy) uses modern accounting software and online bill payment tools to track, record and report your payables.
All your bills get paid on time
Keeping track of who you owe money (and when it’s due) can be tough when you're running a business. With Savoy, you upload your bills, either by scanning the bill or taking a photo, and we’ll schedule them to be paid on time. All you have to do is log-in and approve the payments and we’ll do the rest.
Up to date financial insight, whenever you need it
The only way to know how much cash your business has on-hand is through regular bank reconciliation. When you’re a business owner, it’s easy to fall behind balancing your books. The Savoy team reconciles your accounting records to your bank details weekly or monthly depending on your needs. You’ll always know which bills, expenses and even inbound revenue have cleared, giving you an up to date view of your business's cashflow!
Online document management
It’s uncommon to get audited but you can prepare for the unexpected by having all your historical business records easily accessible. Your Savoy team will keep all your documents neatly-organized online, so they’re not in your way but still within reach.
Regular reports highlighting your business performance
Your accounting reports shed light on what areas of your business are doing well and what can be improved. Savoy will generate an income statement, balance sheet and statement of cashflow monthly and even walk-you through the major findings. Accounting reports not only detail everything impacting your business’s bottom line. They’ll also be needed when it comes time to file your taxes or apply for loans/other funding.