This is typically at the point where there is enough certainty about the cash position of your company where there is enough cash regularly available to pay the incoming bills as and when they are due.
Clients (or suppliers directly) send in bills to be paid to CLIENT.email@example.com
Suppliers should have a dedicated email for any email payment queries, eg firstname.lastname@example.org … which is then either monitored by the Standard Ledger team (ie we login to the accounts@ email, or forwarded to the standard ledger team member to provide first response to all supplier queries.
As part of each weekly bookkeeping:
Standard Ledger is able to support you further by providing these services:
We’ll contact suppliers on your behalf. We'll work with you to see if we can send email from email@example.com rather than a Standard Ledger email.
Fair use and supplier transaction volumes
When we start providing Accounts Payable processing, we will agree an initial monthly fee based on the specific services required and an agreed estimate of the level of effort involved for the estimated volume of supplier interaction.
As with all our services, we aim to provide a fixed fee estimate that you can rely on each month.
Given the uncertainty associated with the level of supplier interaction, we will monitor the effort required each month.
In line with our Fair Use policy, should the actual effort required to manage your accounts payable function vary significantly from that originally estimated and agreed we will be in touch to increase your fees to the appropriate level.