Accounts Payable Services & AP Automation Providers in Ponce, PR

Centeno Accountants & Tax Advisors is an accounting and tax practice in Ponce, Puerto Rico, and a division of Centeno & Associates, Inc. Its clients are mostly small and mid-sized companies from many industries. Owners hand off their routine finance work to the firm so they can focus on running the business. For buyers looking at accounts payable help, the firm offers AP as part of a wider outsourced bookkeeping service, not as a separate software product.

Accounts payable and outsourced bookkeeping

The firm's outsourced accounting program covers both payables and receivables. It sits next to the other back-office tasks that keep a company's books accurate. The firm presents outsourcing as a cheaper option than building an in-house accounting department. The outsourced work includes:

• Handling of accounts payable and accounts receivable
• Reconciling bank statements, credit cards and point-of-sale activity
• Classifying, entering and checking transactions
• Keeping the general ledger and closing the books each month
• Processing payroll and sales tax
• Tracking cash balances and reconciling sales commissions
• Preparing regular financial statements

Companies that need more senior oversight can also hire the firm for outsourced CFO and controller work. This gives them financial analysis and guidance without adding a full-time executive. Other services include budgeting, financial projections, help with business loans, debt restructuring, and advice on mergers and acquisitions. Audits, reviews and compilations are done through a contracted CPA.

Software and technology

The firm works with Sage 50 Complete. It sets up the software, trains staff to use it and supports it afterward, which suits businesses that want to keep their payables and other bookkeeping on a common desktop accounting platform. Clients can send documents through a secure file-sharing tool on the firm's website.

Specialties and credentials

Besides general bookkeeping, the firm has a dedicated service for medical practices, covering accounting, tax and consulting work for healthcare providers in the Ponce area. Its team includes Certified Fraud Examiners, and its forensic work is directly relevant to payables controls. Examples include investigating purchasing fraud and kickback schemes, analyzing transaction flows, rebuilding records, and looking into theft of company assets. The firm also supports litigation, including expert witness testimony in family and civil courts.

On the tax side, the firm offers planning, return preparation, state and local tax work, and representation before the IRS. For new ventures, it helps choose between LLC, S corporation and C corporation structures and helps write a business plan. Prospective clients can start with a free first consultation.

The firm stresses personal, client-first service and being available when owners have questions about their finances. Buyers who want a local Puerto Rico accountant to run payables alongside bookkeeping, payroll and tax compliance, rather than a standalone AP automation platform, may find this model a good fit.