Serge Michaud’s Post

When I was an AP Admin, month-end was a real challenge—manual data entry for invoices and credit card expenses, dealing with accruals for unpaid invoices, and the constant worry about double payments. Now, I'm making a difference by streamlining these processes for my customers with hh2 Some of the many amazing things we do here at hh2: 🔹 Easily manage invoices: Simplify invoice capture and coding through email, network, or mobile capture. Goodbye manual entry, hello intuitive workflows! 🔹 Streamline approvals: Customize approval paths by job, group, or specific needs. Experience seamless routing and automatic sync with your accounting system post-approval. 🔹 Effortless credit card tracking: Capture receipts on the go, code them to jobs/accounts, and link them with credit card invoices. Simplify reimbursements through flexible coding and appoval.

Some knowledge about AR and AP.

🚀 Group AP & AR are now available for every user! 🚀 We're thrilled to announce Group AP & AR are now available for every user! This feature is part of Consolidation. 🔹 See your aged payables and aged receivables for your whole group and by entity! #MultiEntity #TranslucentUpdates #SomethingNewEveryWeek

Accounts Payable professionals I'm reaching out to people in AP & AR roles across the entire waste industry. I'm researching how waste brokerage companies are managing their AP process. If you're on the AR team at a hauler, I'd also love to hear from you! Looking to better understand criteria like: - days it takes a broker to fully audit all of the vendor invoices (many are over 20 days!) - how many invoices have to be manually downloaded? (surprisingly more than I figured) - how many invoices are still mailed and have to be scanned? (again...way more than I figured) - percentage of vendor invoices that have billing errors (my data says it's 18% or more) I'm also interested to learn about how easy or frustrating your process is, and where you think it could be made better. Would you be willing to chat with me?

This is the type of service you get when you partner up with Vaco Lannick on Finance and Technology Teams. #staffingsolutions #vaco #hiring #quickservice #fitfastquality #quality

AR and AP

What makes a great AP clerk? I was thinking about this, this morning. AP is the backbone of any finance function, they're the first contact point for suppliers, they ensure that the business runs smoothly and no accounts go on stop. But what are the key skills needed to succeed as an AP clerk? ◾Customer service skills - You will be dealing with suppliers who have anything from a simple query, through to potentially angry suppliers who may not have been paid. Having the customer service skills to deal with these are crucial. ◾Attention to detail/accuracy - You will be dealing with large amounts of data, day in day out. Remaining accurate when inputting data or checking data is vital. You need to ensure that you're paying the correct amount to the correct accounts every time. Any issues at this point can cause major issues for businesses. ◾Organisational skills - You will often have multiple tasks that need to be completed each day, alongside the ad-hoc tasks that each day can throw up. You need to be able to prioritize these tasks quickly, ensuring all are completed on time and to the right standard. ◾Adaptability - The world of AP is changing so quickly with automation, portals, PO numbers etc. Alongside various other transformation projects that take place throughout businesses. Being adaptable and able to embrace change is vital as an AP clerk. There's a few of the key skills I believe you need to be successful in the world of AP. Of course there is many more skills needed in an ever changing finance function, but for me if you can nail these skills you give yourself every chance of being the best AP clerk you can be.

Being an AR specialist, while sitting late in the office I was thinking about why companies are hiring AR specialist and why AR management becomes so important now and here is the expressions of my thoughts - Accounts receivable (AR) management is crucial for maintaining healthy cash flow in any business. Effective AR processes ensure timely collection of outstanding invoices, directly impacting a company's liquidity and financial stability. By implementing clear credit policies, leveraging automation tools, and regularly monitoring accounts, businesses can reduce the risk of bad debts and improve their cash position. A proactive approach to AR management also enhances customer relationships, as timely invoicing and professional follow-ups demonstrate reliability and attention to detail. In today’s competitive market, optimizing your AR processes isn't just about improving cash flow—it's about building a robust foundation for sustainable growth. How is your company handling its accounts receivable? #Finance #AccountsReceivable #CashFlowManagement #BusinessGrowth #ARtools

When interviewing candidates for an Accounts Receivable (AR) position, it's essential to assess their technical skills, experience, and problem-solving abilities. Here are some interview questions you might consider: Technical Skills and Experience. *Describe your experience with accounts receivable. *Can you walk me through the typical AR process at your previous job? *What software tools have you used for AR management? *How do you handle overdue accounts?What steps do you take to collect outstanding payments? *Can you provide an example of a difficult collection case and how you resolved it? *Explain the importance of an aging report in accounts receivable.How do you use aging reports in your daily tasks? *How do you ensure accuracy in your AR work?What methods do you use to minimize errors? *Describe your process for reconciling accounts receivable.What steps do you take if you find discrepancies? #Accounts #AR #Interview

💥 ***WE'RE HIRING**** 💥 A BOOKEEPER & ADMINISTRATOR. 💥 If you are interested and have the skills, please go to seek and search up the job ad and apply. What do you do (high-level) ● You will be responsible for the financial and administrative controls of the business What do you do (day-to-day) ● You will be processing invoices, updating client files, filing, wages and all things bookkeeping. Who are we looking for (character traits) ● Character Trait 1 - Trustworthy ● Character Trait 2 - Precise ● Character Trait 3 - Responsible ● Character Trait 4 - Coachable or Adaptable Role Responsibilities ● Overall Bookeeping ● Understanding the process of Design & Construction. ● Wages, superannuation, insurance, etc, processing ● Weekly reporting & bank reconciliation ● Monthly Emerging Profit figures - checking figures & reporting overall accuracy of files ● BAS IAS and GST processing ● Client management file updating information ● Client Portal in BuilderTrend updating information ● Filing of information including archiving ● Obtaining approval information & closure of projects (CofOU) ● Office Supplies, uniform supplies and stationary ● Introducing systems, efficiencies, automation & processes for the benefit of improving the overall value of client files ● Developing & Improving procedures Role KPIs & Targets ● KPI 1 - 100% accuracy of invoice processing ● KPI 2 - Emerging Profit sheets updated prior to 20th mth every mth ● KPI 3 - Payment terms kept as per contracts. Accounts receivable <10days ● KPI 4 - Accounts Payable 30days ● KPI 5 - smile everyday 😀