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Accounts Payable Service
The Retail Accounting Services Accounts Payable Team consists of experienced and capable staff that can process all bill-paying functions accurately and quickly.
SUPERVALU's clients are matched with a knowledgeable accounts payable specialist who will be their primary contact for all accounts payable needs and questions. Accounts Payable clients send all their product and expense invoices to Retail Accounting Services on a weekly basis. Vendor invoices are paid according to the vendor terms or per special instructions. Signed, MICR-encoded checks are produced and drawn on clients' own bank accounts.
Features and options:
- Processed checks can be mailed to vendors directly or returned to clients for mailing at their discretion
- Assist with vendor inquiries, correspondence and research
- Monthly balancing of all vendor statements
- Ability to transmit invoices to SUPERVALU via the internet through select interfaces
- AP data is interfaced directly into SUPERVALU's General Ledger system on a weekly basis, resulting in more data accuracy and process efficiency
- Expense accruals prepared for those business owners that are part of SUPERVALU's accounting service
- Annual 1099 tracking
- Accounts payable reports are available via the Internet and are sent to clients weekly, including:
- Cash Payment Register (current week check register)
- Invoice Distribution History (purchase journal)
- Open Payables Report (outstanding accounts payable report)
- Filing and storage of clients' vendor invoices at our site is an option
More Information?
For more information about SUPERVALU's Retail Accounting Services group:
- Call 800.423.6715 ext. 2822
- Use our inquiry form