Frak Finance

Accounts Payable & Accounts Receivable Services

Outsourced AP and AR management that protects your cash flow, eliminates back-office bottlenecks, and scales with your business.

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Where did you hear about us?

Transaction Control
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Compliance

Built for Payment Governance

ACH Processing Standards

Secure disbursement authorizations.

Sales Tax Oversight

State filing monitoring systems.

IRS Record

Vendor record retention.

Recognized by the best

Our Featured Clients

What leadership teams say about working with Frak Finance.

Run On Cadence

AP and AR Support That Keeps Your Business Financially Organized

Outsourcing your account payable services and account receivable services to Frak Finance is not about handing off busywork. It is about building a financial back-office that protects your cash, accelerates collections, and gives you clean data for every decision.

Dedicated AP clerk and AR clerk support, without the full-time overhead
Approval workflows, aging reports, and collections built for how you operate
Integrated with QuickBooks, Bill.com, Stripe, Gusto, and your existing stack
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Cash flow visibility
Faster collections
Clean month-end close

What Our Account Payable & Account Receivable Services Cover

We provide end-to-end accounts payable and accounts receivable management from vendor setup and invoice processing to collections support and aging report management. Whether you need to outsource account receivable services, account payable outsourcing services, or both, we build around your workflows, not ours.

Start Your AP/AR Engagement

1. Vendor Setup & AP Workflow Management

Consistent transaction recording, journal entries, and financial statement preparation on a cadence that matches your business rhythm. No backlog. No surprises at quarter-end.

2. Invoice Processing & Approval Routing

Every account reconciled accurately and on time catching discrepancies, duplicate charges, and errors before they compound into costly misstatements.

3. AR Management & Collections Support

Proper revenue recognition aligned to your billing cycles, contracts, and industry standards. Paired with accounts receivable tracking to keep cash flowing in on schedule.

4. AP/AR Aging Report Management

Your cost of goods sold and operating expenses categorized correctly so your margins are real, your P&L is trustworthy, and your tax position is optimized.

5. Accounts Receivable Aging Report Creation

Managing multiple LLCs, subsidiaries, or business lines? We consolidate and maintain clean books across entities so you see the full picture without the confusion.

6. Billing System Review & Cleanup

Accurate inventory tracking, cost-layering methods (FIFO, weighted average), and valuation reporting so your balance sheet reflects what’s actually on the shelf.

Know What’s Collectible, What’s Delayed, and What Needs a Follow-Up

Every engagement ships the function done, the aging readable, and the exceptions on one page.

The Function Runs Without You In The Middle.

Frak Finance delivers monthly financial statements that are accurate, categorized correctly, and closed on a reliable cadence. When your books are clean, every decision from hiring to marketing spend to inventory purchases is backed by numbers you trust. That’s the visibility that turns financial data into a management tool.

Aging Is Something You Can Actually Read.

At $1M, you need accurate transaction recording and clean reconciliations. At $5M, you need multi-entity consolidation and proper revenue recognition. At $15M+, you need a full accounting function. Frak Finance scales the service to match your stage so your financial infrastructure always keeps pace with your growth.

Vendor And Customer Relationships Hold.

Frak Finance delivers CPA-ready tax packages, lender-compliant financial statements, and investor-grade reporting. When stakeholders open your financials, they see accuracy, structure, and professionalism which builds confidence, reduces prep time, and positions your business favorably for whatever comes next.
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Faster invoice approvals through streamlined payable management control structures

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Improved cash collections using disciplined customer follow-up procedures

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Transaction processing aligned with internal financial governance requirements

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Lower reconciliation gaps through continuous payment verification methodologies

Account Payable Management Services That Keep Every Payment Accounted For

Frak Finance runs accounts receivable management services and the payables function alongside it, inside your stack, on weekly cadence.

Diagnose Your Current AP/AR State

We audit your existing accounts payable and accounts receivable processes, vendor lists, approval chains, billing systems, aging reports, and reconciliation gaps. We identify where cash is leaking, where workflows are broken, and what is slowing your close.

Design the Right Workflow

We build a structured AP/AR workflow tailored to your business, approval hierarchies, payment schedules, collections cadences, and aging thresholds. Every process is documented into SOPs your team can follow without guessing.

Implement and Integrate

We configure your accounting software, connect payment and billing platforms, and begin processing. Your AP clerk and AR clerk functions are handled by our dedicated team, with oversight from senior accounting leadership at Frak.

Ongoing Management and Reporting

We manage AP/AR on an ongoing basis, processing invoices, posting payments, running collections, and delivering aging reports weekly. Monthly check-ins and surveys ensure we stay in scope and aligned to your priorities.

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Protect your Cash and Vendor Trust
Turn Payables & Receivables Into a Clear Cash Flow System

When you outsource account payable and account receivable services to Frak, you get dedicated AP/AR support backed by controller-level oversight and CFO-grade thinking.

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Weekly AP Close

Invoices processed, approvals routed, payments released. Every week, on the same cadence.

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Aging Dashboard

AP and AR aging in one view. The accounts to watch, sorted by what’s moving the wrong way.

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Weekly AR Close

Customers billed, payments applied, collections worked. Aging never older than seven days.

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Exception Report

Duplicates caught. Off-terms payments flagged. Customer credit risk surfaced before it bites.

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Case Studies

Our Featured Projects

Real results from SMBs who trusted Frak Finance to fix cash flow and build financial infrastructure.

INDUSTRIES WE SERVE

Partnering with Businesses Across Every Sector

Every industry has unique vendor relationships, billing cycles, and collection challenges. We build for yours.

Finance & Accounting Services For Manufacturing Industry - Frak Finance
Manufacturing
Finance & Accounting Services For Construction Industry - Frak Finance
Construction
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Hospitality
Finance & Accounting Services For Ecommerce Industry - Frak Finance
Ecommerce
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Electric
Finance & Accounting Services For Real Estate Industry - Frak Finance
Real Estate
Finance & Accounting Services For Logistics Industry - Frak Finance
Logistics
Finance & Accounting Services For Social Entertainment Industry - Frak Finance
Social Entertainment
Finance & Accounting Services For Law Firms - Frak Finance
Law Firms
Finance & Accounting Services For Doctors - Frak Finance
Doctors
Finance & Accounting Services For Marketing Agencies - Frak Finance
Marketing Agencies
Finance & Accounting Services For SAAS Industry - Frak Finance
SAAS

Outsourced AP/AR for Control Payments, Collections, & Cash Timing

About Frak Finance
We’re Operators Turned CFOs Who Get What You’re Building

With over 20 years of experience, we’re the CFOs who’ve actually built, scaled, bought & sold businesses. Now we guide yours.

We are Always Dedicated to our Work
Are Leading Consultants that you can Trust
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Tom Dillon CFA Founder. Frak Finance
“Organization is key. These are all very common business owner issues, they don’t even realize how much they’re losing until someone comes in and puts structure around the basics.”
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— Tom Dillon, CFA

Founder, Frak Finance

Get A Clear Cash Flow System

Keep Payables Organized and Receivables Moving

We will review your current accounts payable and accounts receivable setup, identify the workflow gaps, and tell you exactly what needs to change and what it will take.

Scaling, Acquiring, or Preparing to Sell? Let’s Talk.

Run Your Business on Numbers You Can Trust.

Looking to have a real conversation about your numbers? Book a call today to discuss the gaps standing between you and your goals.

A Strategy Call With Senior Leadership
Honest Read Of Where You Stand Financially
Clear Next Steps, Scoped To Your Situation

Call Us Support 24/7: (312) 685-1627‬

Call Us Support 24/7: (312) 685-1627‬

View All Consulting Office Locations

View All Consulting Office Locations

Schedule a Free Consultation

Where did you hear about us?

Frequently Asked Questions

Answers to the most common questions founders ask before outsourcing accounts payable and accounts receivable.

What is the difference between AP/AR services and bookkeeping?
Bookkeeping records and categorizes transactions after they happen. Account payable services and account receivable services manage the active workflow processing invoices, routing approvals, running collections, posting payments, and maintaining aging reports in real time. We handle the operational side so your bookkeeper receives clean, reconciled data at month-end.
Will you force your own process into our business?
No. We build around how your business actually operates. We design AP approval workflows, AR collections cadences, and reporting structures based on your vendor relationships, customer base, billing cycles, and team. We tailor it to what your business requires not a one-size-fits-all template.
What software and tools do you work with?
We work across QuickBooks Online, QuickBooks Enterprise, QuickBooks Desktop, Xero, Sage, Bill.com, Stripe, Shopify, PayPal, Amazon Seller Central, Gusto, ADP, Dext, and more. If you use a platform not listed here, we will assess compatibility during your diagnostic call.
How quickly can you take over our AP/AR?
Most AP/AR engagements are fully operational within two to four weeks. We start with a diagnostic review of your current state, design the workflow, and begin processing. You will see structured aging reports and a clear AP/AR cadence within the first month of engagement.

Blogs & Insights

Practical financial guidance for founders and operators who want tighter cash management.

— BUILT TO EXIT —

Monthly Finance Briefings to Grow, Acquire, or Exit Your Business

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Finance and accounting leadership for privately held businesses at every stage. Ready to see what the right financial partner changes? Get in touch with Frak Finance today.

Address Business
Chicago, IL
New York, NY
Ft. Myers, Florida
Mumbai, India
Manila, Philippines
Galway, Ireland
Contact With Us
Call Consulting: (312) 685-1627‬
Working Time
Mon - Fri: 9:00am - 5:00pm CST
Weekends: Closed