Accounts Payable Services & AP Automation Providers in Ann Arbor, MI

Overview

Oakwood Business Services, LLC is an Ann Arbor, Michigan accounting and tax practice that works with both individuals and companies, from newly formed ventures to well-established firms. Buyers looking for accounts payable support should know that the firm does not market a standalone AP outsourcing or AP automation product.

Payables work instead falls within its broader bookkeeping and accounting engagements, where vendor bills, receipts and disbursements are recorded and reconciled as part of keeping a company's books accurate and current. Small and growing businesses that want payables handled alongside the rest of their financial records, rather than by a separate vendor, may find this integrated model a practical fit.

Accounting and bookkeeping services

The firm's accounting offering aims to give business owners dependable records and useful reporting. Its published list of services includes:

• Bookkeeping on a monthly, quarterly or annual schedule
• General ledger upkeep and preparation of financial statements
• Configuration of accounting systems with ongoing support
• Payroll processing
• Cash flow budgets and forecasts
• Personal financial statements
• Support for staff benefit and profit-sharing plans
• Business tax planning and filing
• Litigation support

Beyond record-keeping, Oakwood advises clients on cost control, investments and the initial design of their accounting systems. For a company reviewing how it manages bills and vendor payments, the system setup and cash flow forecasting work is especially relevant. A well-configured ledger and a clear view of upcoming obligations are the foundation of timely, well-documented payables.

Payroll and tax work

On the payroll side, the firm helps businesses reduce administrative effort by building and running computerized payroll processes that support on-time payments and the related tax filings. Its tax practice covers planning and preparation for individuals and businesses. The emphasis is on lowering tax liabilities, improving cash flow and taking advantage of changes in tax law.

The team also helps clients interpret the bills, receipts and notices they receive. The firm lists audit work, financial statement engagements and financial planning among its more in-depth offerings.

Team and credentials

The practice is owned by David Ligotti, a Certified Public Accountant. His listed credentials include the QuickBooks Certified ProAdvisor, Certified Financial Planner and Personal Financial Specialist designations, along with a B.A., an M.B.A. and a Masters of Taxation. Josh Palmer is also listed as a member of the team.

The QuickBooks certification may interest buyers whose payables already run through that platform. The firm says it hires experienced tax professionals and uses a collaborative, team-based approach so that each client's situation receives careful review.

How the firm works with clients

Oakwood describes its mission as keeping clients financially sound today while planning ahead for future objectives. It bases this on open communication and careful analysis of each client's circumstances. The firm puts weight on technology and offers to help businesses streamline their processes and turn their computer systems into a genuine advantage.

It also uses modern communication tools so it can collaborate with clients remotely, and a secure client login portal is available through its website. The office is on Briarwood Circle in Ann Arbor and serves clients across the surrounding area.