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GrayPay™ Bill Paying Service
You have better ways to spend your time than sitting down and paying routine bills. That’s why Gray, Gray & Gray developed our GrayPay™ bill paying service. GrayPay™ takes the burden and worry of getting the bills paid off your shoulders so that you can pay attention to the important details of running your restaurant.
Unlike some bill paying programs, GrayPay™ manages your bills for you, from receipt to payment to reporting. You are assured that bills are paid on time without lifting a finger! The result is a process that is faster, more efficient and more accurate than paying bills yourself.
Here’s how it would work for you:
- Simply gather your invoices as they come in and send them to us on a daily, weekly or monthly basis.
- You can send the invoices by mail, fax or email.
- We’ll create a “to be paid” schedule that best matches your cash flow, then send the list to you for a simple “check off” for those invoices you OK to pay. We can send the list weekly, every two weeks or monthly.
- OR, if you’d prefer, we can simply go ahead and pay all invoices received and submit a “paid” report to you.
- All checks used to pay invoices will have a secure electronic signature, so you don’t even have to go through the process of signing a pile of checks every week!
In addition to the convenience of having us pay your invoices, GrayPay™ also allows us to better track your cash flow, and identify issues and opportunities that can often reveal themselves in routine record keeping.
We’ve put over 65 years of experience with businesses of all sizes into the design of our GrayPay™ service. As a result, we think you will find this service to be just what you need to reduce or eliminate the burden of daily paperwork.
Accounts Payable
• Payment of all vendor invoices via check or electronic payment
• P&L account coding of all invoices
• Annual 1099 reporting
Cash Management
• Centralization of account balances
• Maximization of earnings credits
• Maximization of purchase discounts
• Bank account reconciliation
Financial Management & Reporting
• Monthly & annual consolidated balance sheet and P&L
• Financial analysis & reporting
• Budget reporting & comparisons
• Comparisons with average P&Ls
Fixed Assets/Depreciation
• Detailed ledgers (book, federal tax, state tax, local tax)
Sales Reporting
• Credit card sales reports
• Reporting of sales trends
• Bank transfer of funds
• E-Sales and monthly billing
Tax Services
• Preparation of all tax returns (payroll, sales, individual, partnership, corporation)
• Electronic filing & payment (when appropriate)
• Availability of a fully staffed tax department
Gray, Gray & Gray can help you meet the challenges of cash flow management for your business. Over six decades of successful experience with businesses of all types and sizes gives us the edge when it comes to guiding you to greater efficiency.
Download our GrayPay™ brochure.
Click to learn more about more of our specialized McDonald’s services:
Monthly Reporting
GrayPay™ Bill Paying
Restaurant Valuations
Business Planning
McDonald’s Calendar
Lender Rates
What can we bring you that your current accountant is missing? Contact Christine Keaney today at (781) 407-0300. We’d love to discuss how we can help you achieve your dream for a more profitable and secure future for your franchise.
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