Accounts Payable

Solutions for small business payment processing Next Stage Payments

Accounts Payable (Also called “payable”) are the liabilities businesses owe as an expense. Generally, they are short term expenses, paid monthly to suppliers and vendors. It is the opposite of Accounts Receivable (also called “receivables”) which are monies owed to a business. Next Stage Payments provides versatile and affordable solutions for your payment processing, as well as accounts payable, for comprehensive business solutions. Accounts Payable can include:

  • Material/Supply Vendors
  • Product Vendors
  • Utilities
  • Professional Services/Repairs
  • Business Loan Payments
  • Tax Payments
  • Payroll
  • Insurance Premiums

Keeping up with these payables or liabilities is a vital part of your overall accounting; accounts payables must be subtracted from receivables in order to calculate your profits. Next Stage Payments provides advanced technological solutions for handling your accounts payables to keep your business in the black and running smoothly.

More Than Paying the Bills

Automating accounts payable, also known as Automated Integrated Payables (AIP), is a service that enables businesses to automate their accounts payable process by integrating their accounting system with their bank’s payment processing platform.When utilizing AIP, businesses can benefit in several ways:

  • Lower costs: AIP can help reduce the cost of processing payments by automating the accounts payable process, which can help reduce errors and save time.
  • Improved cash flow: AIP can help businesses manage their cash flow more effectively by automating the payment process, which can help ensure that payments are made on time and reduce the risk of late fees or other penalties.
  • Improved security: AIP offers advanced security features, such as encryption and multi-factor authentication, to help protect against fraud and other security risks.
  • Drive rebates and generate early-pay incentives.

By working with NextStage to automate their payables, businesses will benefit from a more efficient and cost-effective payment processing system that provides a positive user experience for both customers and suppliers.

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A True Partner In The Payments Space

Ready for a custom solution to improve your payment experience, while increasing your efficiency and reducing your risk?