Accounts Payable Solutions

One of the most important aspects of running a business is making timely payments to the sources of revenue generation. These sources could include external parties that provide you with products and services necessary to run the business or internal parties such as employees that produce revenue for your company.

For many business owners, it can be challenging to keep track of Accounts Payable (A/P) while you are focused on growing the business. If you need to improve accounts payable efficiency, then we recommend working with our bank to help you manage the A/P function.

Our system will allow you to satisfy payments when they are due while eliminating the accumulation of idle cash. You can take advantage of our full suite of electronic and paper-based solutions to achieve efficiencies, meet payment deadlines, and stay in good standing with your vendors, employees, and other service providers.

Consider Our Accounts Payable Services

The Texas Gulf Bank Treasury Service specialists will work with you to develop a system of efficient and cost-effective disbursements to each party that you owe a payment to. Learn more about each of the A/P services that could benefit your business.

ACH Direct Credits

ACH Direct Credits are an efficient and cost-effective method for processing payments electronically, which makes this service one of the most popular services that we offer to our business banking customers.

For example, you can use our service to make direct payments to vendors/suppliers or make direct payroll deposits to each employee’s account.

This service is initiated through Treasury Services Online Banking. Once you are set up for online and mobile business banking, you can start utilizing this service to make timely payments to key parties that support your business.

Wire Transfers

Does your company conduct business outside of Texas, whether domestically or internationally? You may be asked to provide payment for products or services in a manner that you are not accustomed to.

You can find support from our bank by initiating wire transfer payments to customers that could be separated by distance or language. We can help you execute business wire transfers in a safe and secure manner that will allow you to make timely payments to vendors, suppliers, and other parties that you work with.

Bill Pay

Never miss a recurring payment again. Using our Bill Pay service, you can set up scheduled payments for recurring business bills. Consider the opportunity to schedule payments for these bills at your place of business or as part of doing business:

Labor
Rent
Internet
Utilities
Insurance
Taxes
Business Loan Payments

You can also arrange one-time payments for certain bills that pop up on an infrequent basis, such as annual premiums on business insurance and liability protection.

Electronic Federal Tax Payments

It’s important for business owners to stay on top of their taxes payable. We provide a convenient link that enables taxpayers to pay tax bills directly through the U.S. Department of Treasury’s Electronic Federal Tax Payments (EFTP) electronic system.

Whether you owe taxes on your annual federal tax filing or need to make quarterly estimated tax payments, we can provide you with the support you need.

Achieve Efficiencies Managing Business Payments

Our goal is to set you up with a workflow and system that enables you to improve the efficiency of your accounts payable function. You can utilize our services to achieve peace of mind by making necessary disbursements in a timely manner.

Contact Texas Gulf Bank to receive information on pricing for fee-based services. Let’s get started on supporting the A/P needs of your business. Complete our contact form below to get in touch with our team.

*Services offered through the Treasury Services Department are fee-based and subject to approval.