Business Graphs

A R / A P

Management

We handle the day-to-day receivables & payables

so you can focus on managing your growth. 

What is AR / AP ?

Whether you are a brand, agency, or solopreneur in the hemp industry, Accounts Receivable and Accounts Payable are basic necessities for your business.
Put simply:

 

  • Accounts Receivable (AR) are payments owed to you. That includes any outstanding debts from your customers, clients, etc.

  • Accounts Payable (AP) are any expenses that you owe someone else. That includes vendors, distributors, employees, etc.


Whether you have 5 AR/AP accounts or 500, you need to make sure that they are managed properly. Not taking care of this can mean that you are losing money, getting hit by fees, or hurting your business credit score.

What is AR / AP ?

Whether you are a consumer brand, wholesale agent, or solopreneur, Accounts Receivable and Accounts Payable are basic necessities for your business.


Put simply:

 

  • Accounts Receivable (AR) are payments owed to you. That includes any outstanding debts from your customers, clients, etc.

  • Accounts Payable (AP) are any expenses that you owe someone else. That includes vendors, distributors, employees, etc.


Whether you have 5 AR/AP accounts or 500, you need to make sure that they are managed properly. Not taking care of this can mean that you are losing money, getting hit by fees, or hurting your business credit score.

Why do I need help?

As businesses grow, the work of accounts payable and accounts receivable grows exponentially. It gets harder to make sure all the accounts are in order. Maintaining an Accounts Receivable system takes time and it’s often one of the first pieces to fall through the cracks when you are juggling too much. 

 

But you can’t afford to let these things slip. 

 

We see people hit with late fees on a monthly basis for years before they finally admit that they need help paying bills on time. 

 

Or they mistakenly fulfill orders that haven’t been paid, and then they are left empty-handed on the due date. 

 

Good luck in collections - it can be quite difficult to collect on unpaid debts. 

 

If your business is thriving, you need to make sure someone is watching your back - paying your bills and making sure you get paid. Having a dedicated AR/AP manager is a critical function in every growing business. It takes this critical time-consuming work off of your plate and lets you get back to building effective systems that scale.

We implement efficient systems to manage AR/AP simply

We custom build AR & AP systems into your regular workflow so that our support saves you precious time each week. Here are some of the ways we work:

 

  • Managing your accounting@ email address 

  • receiving vendor invoices and issuing payments upon approval

  • Intaking your client contracts to process invoices, payments, and push to fulfillment

  • Maintaining auto-pay and bill pay through your accounts

  • Coaching your sales team in the development of consistent invoicing practices

  • Allocating approval standards based on vendor relationships

 

Together we can determine which accounts you would like to have automated, and identify any that you want to closely control.

Ready to reduce your workload?

Sonder Accounting’s AR/AP experts are here to make your life so much easier. Trust a company that knows your companies operational needs inside-out.

 

No matter how many accounts you need managed, Sonder can take care of it and allow you to focus on your business. AR/AP services are priced by volume, are customizable, and are rolled into the rest of your accounting.


Here’s some of the benefits you can expect when outsourcing your AR/AP to Sonder Accounting: 

Save you time and headache.

Focus on developing scalable systems and increasing your revenue with peace of mind that your administrative AR/AP is taken care of.

Get all your money.

Invoicing updates ensure that you are getting every cent that you are owed before delivering your value.

Ideal for wholesale clients.

When you work with retailers, it can be easy to lose track of all your accounts. We’ll be in charge of getting them all organized.

Simple systems.

Ensure that nothing falls through the cracks.

Your bills are paid.

No more wasting time on the vendor’s bogus website trying to pay your account statement.

Customized for you.

so that you can make all the right decisions. If you have special customer or vendor scenarios, we support that.

Frequent reporting.

so you’re always up-to-date on who owes you what.

We grow with your business.

Your plans and systems will be consistently maintained so that they stay up-to-date with your growing business.