Solutions

Outsourced Accounts Payable

Offering an accounts payable service is a great way for you to add value to your accountancy practice’s clients and increase your profitability.

Outsourcing accounts payable to us is a smart way for you to test the water and then deliver that service with minimal commitment.

Accounts payable is about money owed to suppliers. Processing those payments quickly, accurately and efficiently is vital if you want to maintain good relationships with commercial partners and keep your books tidy and up to date.

Many larger businesses have their own accounts payable departments dedicated to processing invoices and payments. For others, that can feel like overkill, especially if they’re only dealing with a seasonal surge, for example. In the meantime, they’ll probably turn to you, their accountant, for help.

When it comes to outsourcing, our aim is always to make you look good. Your clients don’t need to know that the service is being outsourced unless you want them to. Not only that but our team is highly experienced, uses tried-and-tested processes and the latest software. As a result, you’ll get fast, efficient, perfectly compliant results every time, with minimal effort on your part.

Our team, managed from the UK, will take care of invoice and receipt scanning, payment processing, payment reconciliations, exception management and every other aspect of the accounts payable process.

I now have a practice that is growing steadily and have the ability to fit my work around the lifestyle I choose. With the expertise they have I am more confident in signing new clients in different industries and markets. My only regret is that I never implemented Diamond years ago.

— Violet, London

Four easy steps

Our process is straightforward and transparent

step one

Initiation

Our UK management team will work with you to set up goals and processes – who is responsible for what and how it will work in practice.

step two

Handover

We'll brief the overseas audit team and get you connected. You'll manage them directly but can call on us whenever you need to.

step three

Processing

The audit processing team will work through the tasks you set them, from reviewing accounts to running audit tests.

step four

Results review

They'll present outputs on the agreed schedule and we'll check in with you to confirm you're happy with the results.

How do you prefer to work?

Talk to us about your processes and challenges so that we can design an outsourcing service for you.