ABCO Group is a holding company that invests capital in a company or startup business. We provide our companies with expertise in business and brand building, product distribution, and financial growth. Our ultimate goal is to provide each of our partners with the freedom to do what is most important to them while we handle the day-to-day operations. One of the services that we offer is accounting management. From accounts receivable to payroll, we take care of all of the accounting records and ensure that your money is managed properly.
Accounts receivable (AR) is the money owed by customers to a business or company that has not yet been paid. Accounts receivable are created when a consumer purchases goods or services from a company on credit and has yet to pay them back. AR is listed as an asset on the balance sheet, as well. Our team will keep track of your company’s AR for any credit transactions so that you’re always paid.
Accounts payable (AP) is similar to accounts receivable but is the amount of money that the business or company owes to its suppliers, vendors, or creditors. While waiting to be paid, the supplier will have dues and short-term loans listed under account payable on their balance sheet. We take any of the guesswork out of managing these accounts so that your payments are all on time and taken care of.
Learning how to manage your company’s payroll can be a challenging task. Even a small mistake can lead to much larger consequences and can even put you at risk of being penalized by the IRS. Let us help you handle your payroll, from your list of employees and their payments to their benefits, and more. We’ll help ensure that everyone is paid correctly and that your company has the proper record of it.
ABCO Group knows the ins and outs of financing and accounting management. We’ve partnered with several companies from various industries, including booksellers, reclaimed wood businesses, and restoration companies. We know that no two companies are the same and that each will require individualized attention when it comes to their financial management. Our team of business experts has the necessary experience to deal with all of your company’s accounting needs. If you’re interested in learning more about what we can do and how we can guide you as a partner, visit our website.