Treasury Services

Accounts payable cycle

· We create the vendor market record detailing the list of those authorized by the company, indicating contacts, payment opportunity and the contractually acquired obligations.

· We issue the payroll in proper advance for the approval of the company’s management, so they can proceed to validate the opportunity, amount and integrity of payment to be made.

· We issue expenditure receipts, attaching the supporting documentation.

· We proceed to the payment of the obligations according to the company’s policies, whether weekly, biweekly or monthly. It is specified that the payment of the obligations can be initially performed by BDO Chile, through check, until the company obtains its own bank current account in Chile (Administration of third parties’ funds subject to accountability).

· We upload the obligations payroll, once the bank current account is obtained, on the website of the financial institution the company in Chile operates with, in order to Local Administration or Parent Company, which may be located abroad, pay directly.  

Accounts receivable cycle

· We create the master with the detail of those clients authorized by the company, indicating their contact information and the invoicing opportunity.

· We issue the invoicing payroll, according to their policies and for the approval of their management, so they can validate the opportunity, amount and the integrity of the invoicing to be carried out.

· We issue electronic sales invoices according to the authorized list, by applying the invoicing systems supplier, or the basic platform of the Internal Revenue Service.    

· We prepare bank reconciliations according to the opportunity required by Management.

·  We prepare cash flows and analysis of variations.