Skip to main content Skip to search
PO Box, 474 Cotton Tree QLD 4558
Mon - Fri: 9:00 - 17:00
0424 032 815

Creditor Management

STAY ON TOP

Stay on top of your supplier accounts and ensure your bills are paid on time with the help of Newlands Accounting. From reconciling creditor statements to processing payments, we can aid with the efficient management of suppliers.

We ensure our clients’ record keeping is in line with ATO requirements. Using a combination of Xero and Receipt Bank all transactions are processed electronically. All expense paperwork is submitted to Receipt Bank and converted to Xero data. Expense documents are attached to the Xero transaction removing the need for any filing or physical storage for 7 years. We also check supplier ABN details to ensure correct GST treatment and payment.

COMPLETE SUPPLIER AUDIT

We can also complete a supplier audit, of which would include reviewing pricing and terms to ensure the best financial outcome for you.

Effective creditor management will help to:

  • Ensure consistent cash flow.
  • Retain goodwill with long-term suppliers by ensuring they are paid to agreed terms.
  • Secure financial stability for further growth.
  • Reduce the need for external funding such as overdrafts and loans.
  • Improve your ability to forecast accurately to assist with informed decision making.

HOW MUCH DO YOU OWE YOUR SUPPLIERS?

The Newlands Accounting team can help you keep on top of supplier management.

Contact Us