Accounts Payable Services & AP Automation Providers in Portsmouth, NH

Appletree Business Services is an accounting firm based in New Hampshire, with offices in Londonderry and Portsmouth. It works with small and growing companies across the country and delivers most of its work remotely. Its main offering is outsourced monthly accounting, which bundles bookkeeping, payroll and tax support so that owners deal with a single advisory team instead of several vendors. For companies that want vendor payments taken off their plate, the firm also pays bills and manages payables.

Accounts Payable and Bill Pay

Appletree presents bill payment and payables management as part of its monthly accounting work. The aim is to give owners back the hours they would otherwise spend processing invoices and to save them from adding an in-house staff member just for that job.

Because the same team also keeps the books, AP work ties directly into reconciliations, expense coding and reporting. Buyers should note that the site does not list AP automation software that the firm sells or resells. It is a service provider, not a software vendor.

Core Accounting Services

• Bill pay and payables management
• Ongoing monthly bookkeeping, kept current each period
• Payroll, covering wage calculations, tax withholding and filings, and year-end forms
• Matching bank statements against internal records
• Setting up and reviewing expense categories
• Monthly income statements, balance sheets and cash flow reports
• Year-round tax planning, quarterly estimates, business and personal returns, and help with audits
• Advice on entity selection, such as LLC, S-Corp or C-Corp

Clients can view their financial data online at any hour. Monthly engagements come with phone and email consultations that have no cap on frequency. The tax practice is supervised by CPAs, and the firm says it has more than ten tax professionals who work with every for-profit entity type. Client testimonials on the site describe help with cleaning up books, moving internal finance processes onto the firm's systems, and upgrading QuickBooks setups.

Industries and Specialties

The firm caters mostly to owner-operated businesses in service and trade sectors. These include marketing agencies, creatives, designers, consultants, course creators and professional services firms. It also serves home service contractors such as remodelers, landscapers, flooring installers, HVAC companies and plumbers. On the tax side, it advises business owners and high-earning W2 employees whose returns involve rental properties, stock options or investment income.

Transaction Advisory

Appletree also has a mergers and acquisitions practice for both buyers and sellers. Its services include quality of earnings reports, financial due diligence, cash flow modeling, deal structure advice, tax guidance for sellers, and accounting setup after closing. The firm reports over one hundred QOE and diligence engagements, usually for deals priced between $1 million and $15 million.

Its clients in this area include search funds, SBA borrowers, independent sponsors and lower middle market private equity groups. Each report includes the firm's own Acquisition Scorecard. Appletree notes that its CPAs have bought businesses themselves, so they bring an owner's perspective to both transaction work and day-to-day accounting.