All achievements, all earned riches, have their beginning in an idea. – Napoleon Hill
The accounts payable process (also known as A/P) or function is immensely important since it involves nearly all of a company's payments outside of payroll. Regardless of the company's size, the mission of accounts payable is to pay only the company's bills and invoices that are legitimate and accurate. The amount of invoices paid daily within a company will depend on the size and activity.
Key items an Accountant should look for when reviewing invoices are:
Research has identified a few tips related to accounts payable that may allow your business to run a bit smoother.
Find more solutions today, Fontenot & Associates Solutions, LLC.
My mission is to offer the best accounting and operations solutions and tips for entrepreneurs and small to mid-size companies worldwide seeking to close their process gaps with actual solutions.