The role
What an offshore accounts payable or receivable officer does
Accounts payable and accounts receivable are the two ends of your cash cycle, and both are process work that rewards a dedicated person doing it every day. An accounts payable officer receives supplier invoices, checks them against purchase orders and deliveries, enters them, reconciles supplier statements and prepares payment batches for your approval. An accounts receivable officer raises invoices, sends statements, chases overdue accounts by phone and email and keeps your debtor reporting current.
Smaller businesses usually hire one offshore officer to run both sides. Businesses with high invoice volumes, such as construction, wholesale, transport, healthcare and professional services, often hire one for each, or an accounts payable officer alongside an offshore bookkeeper.
They work inside your Xero, MYOB, QuickBooks or ERP system and your email and phone systems, with the access you grant, and follow your approval limits. Payment authority stays in Australia.