Managing Accounts Payable
Strategically manage accounts payable to optimize cash flow
Discover the importance of delaying payments until they are due, avoiding unnecessary early payments while steering clear of late fees and strained vendor ties. Explore techniques to reduce fraud, errors, and inefficiencies in your accounts payable system.
- Optimize Payment Timing: Learn how to delay payments until due without incurring late fees or damaging vendor relationships.
- Leverage Early Payment Discounts: Understand how discounts like 2/10 net 30 can save your business money and when to take advantage of them.
- Streamline Payment Processes: Discover how automation and accounting software can simplify scheduling and processing payments.
- Reduce Fraud and Errors: Implement controls to prevent mistakes and safeguard your accounts payable system from fraud.