Payment transactions and accounts payable management
Payment transactions: payment of your incoming invoices and monitoring of your outstanding receivables
Pay within the payment period: Take a discount, save interest on arrears, avoid reminders and bailiffs.
As tax consultants, we can handle the payment of our clients’ incoming invoices on request. This has several advantages:
- You hand over tedious work to us. You can concentrate on your core business.
- You can be sure that payment will always be made punctually within the agreed payment terms. So you don’t give away any interest.
- Where agreed, you benefit from the possibility of a cash discount deduction.
- Late payments, reminders, dunning notices or unpleasant visits from bailiffs are a thing of the past.
Payment transactions as part of accounts payable management - procedure
- On request, you can receive information from us about upcoming payments on a weekly or monthly basis based on the accounting.
- You pass on to us the task of checking the account balance or the credit limit to see whether there are sufficient funds to settle all outstanding invoices. If there are insufficient funds to settle all outstanding invoices, we will agree with you which payments should be given priority.
- If you process your payroll accounting via Benefitax, we take care of the punctual transfers to your employees, the tax office and the health insurance companies so that there are no annoyances. Health insurance companies, for example, are the institution in Germany that most frequently file for insolvency. The reason for this is the non-payment of social security contributions.
- As a rule, we prepare payment proposals which you then approve. We recommend that German-speaking clients make payments via DATEV Unternehmen Online. For international clients, we recommend making payments via DATEV Zahlungsverkehr using your bank's online banking portal. We will be happy to provide you with the remittance slip as a file for this purpose.
- If you issue us with a payment authorization, we will transfer upcoming tax payments from your account for you on time. This avoids reminders, fines and penalties and the relationship with the tax office is not tarnished. Alternatively, you can issue a direct debit authorization. This is more cost-effective.
- You retain full control over your money, release the payments and we instruct them to be paid on your behalf. For regularly recurring payments (rent, wages), a one-off release is usually sufficient. We are also happy to make your foreign payments. Our experienced employees check all transfers before releasing them for payment in accordance with the dual control principle. Alternatively, you can release the payments prepared and uploaded by us via your online banking program. We will clarify any queries from the bank directly for you.
Outgoing payments. Incoming payment. Transaction. Everything in view.
