You are here:Home1/Payment Transactions and Creditor Management
Payment Transactions: We arrange the payment of your purchase invoices and keep track of your receivables
Pay before payment deadline: Save interest, get discounts, avoid reminders
We, as certified tax advisors, process payments of purchase invoices of our clients upon request. This has several advantages:
We reduce your cumbersome work. You can focus on your core business.
You can be sure that the payment will be always made on time before the date, so that you don’t have to pay unneccsary interest.
You will get early payments discounts whereever possible.
Payment delays and unpleasant reminders are a thing of the past.
On this page, you can find:
Payment transactions for creditor management – procedure
We inform you of pending payments on a weekly basis on basis of accounting.
We check the account balance or the credit limit for sufficient liquidity to settle all open invoices. In case we notice a lack of liquidity, we will get in touch with you to decide with you which payments should be prioritized.
In case we take care of the payroll accounting on your behalf, we ensure that the payments to your employees, the tax office and health care carriers are processed on time. That way, you avoid any hassles. Of all official institutions in Germany, social security carriers are the ones that most often file for bankruptcy of default payers due to outstanding social security payments.
If you grant us a bank account authorization, we make tax payments on your behalf. That way, you can steer clear of reminders, penalty payments and fines and you can maintain a good relationship with the tax authorities. You can also issue a direct debit authorization as it is more cost-effective.
You get to keep complete control over your money and approve payments which we will authorize for payment on your behalf. Generally, one-time release is sufficient for recurring payments (rent, wages). Even foreign payments are not a problem for us. Our certified tax advisors check all prepared payments the payments are released. Alternatively, we can prepare and upload payments to your online banking system which you then can release. We clarify any queries of the bank on your behalf.
Getting the payment transactions processed by the Certified Tax Advisor has its advantages.