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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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.
Nancy - Ecommerce Brand
"We can't speak highly enough about Frak Finance. Their customized CFO services
have transformed the way we manage our retail business. Their team took the time to understand our industry, challenges, and goals, allowing them to provide tailored financial strategies that have significantly improved our profitability. Their insightful analysis of our financial data has given us a competitive edge, and their responsiveness to our needs has made them an integral part of our strategic planning. Working with Tom has been a game-changer for our business."
During this time, Tom brought his extensive financial and people management expertise to support rebuilding our finance organization from the ground up while the firm transitioned out of a startup mindset and into a mature organization. Tom would excel in an organization where leaders hold themselves accountable and own true to their commitments, needs are explored and clearly stated, and collaboration is considered paramount."
D. Singh - Scholastic Sports
“I recommend Frak Finance for any early-stage, high-growth company that needs a smart,
reliable team who has done it before and can get things done well and quickly, all with a smile on their face. Tom sees the big picture as a founder/investor himself. He can also understand the details quickly as a prior operator. I personally threw Tom in the deep end to build our financial model prior to our 10MM+ raise with little guidance on the eve of a holiday weekend (it was a pre-emptive opportunity). Tom delivered in the face of this aggressive deadline with a smile on his face.”
and clarity around how my business is really performing. They cleaned up our books, built a proper chart of accounts, and completely changed the conversation with my accountant by providing structured, reliable books. Even when things feel messy on my end, I know the financial foundation is solid — and that’s been huge.”
Adam - Social Entertainment
“I needed a solution that was cost effective but high quality and high caliber.
So that's where Frack comes into mind because... Level of attention and care and transparency. They take care of what your needs are and they tailor it exactly to what your business requires. You're not just hiring Frack, you're hiring an entire team of experts and you're not just getting this one individual on your team, you're getting our entire network."
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.
Cash flow visibility
Faster collections
Clean month-end close
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.
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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.
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.
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.
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
“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.”
— 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.
Inside Your Stack
The work runs through accounting leads who would otherwise be doing controller work. No junior pass-through, no data-entry offshore.
Approval Stays Yours
Done in the system you already use. QuickBooks, Xero, NetSuite. No platform change, no migration, no new login for your team.
Your Vendor Voice
The function runs on a team. The books don't go quiet when one person takes a week off or moves on to another seat.
Clean Audit Trail
Bookkeeping done at a standard that supports what's coming next. Controller work, audit, transactions, and senior reporting on top.
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
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.
13
Apr
Your Revenue Is Growing. So Why Are You Always Broke?
Revenue growth and cash flow are not the same thing. Stretched receivables, inventory bloat, and…
27
Mar
Quality of Earnings Report: Why Every SMB Buyer & Seller Needs One
The P&L tells you what was reported. The QoE tells you what the business actually…
27
Mar
The Financial Roadmap Every SMB Owner Should Be Following Right Now
A clean exit doesn't happen at the negotiation table. It happens in the five years…
10
Aug
Bookkeeper vs Controller vs CFO, and Which One Your Revenue Actually Calls For
A clean exit doesn't happen at the negotiation table. It happens in the five years…
23
Mar
Why Your CPA Can’t Help You Sell Your Business
Your CPA files clean returns. They don't normalize EBITDA, manage diligence, or prepare buyer-ready financials.…
27
Aug
Why Profitable Businesses Run Out of Cash
A clean exit doesn't happen at the negotiation table. It happens in the five years…
07
Aug
The 13-Week Cash Flow Forecast and Who Needs One
A clean exit doesn't happen at the negotiation table. It happens in the five years…
05
Aug
Surviving a Quality of Earnings Review
A clean exit doesn't happen at the negotiation table. It happens in the five years…
27
Mar
What Happens When You Don’t Plan Your Exit Until It’s Too Late
Owners who wait until they're "ready to sell" are already too late. Owner dependency, untransferable…
— BUILT TO EXIT —