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12.07.2022 - 22:39

What is the schedule of accounts payable?

Question:

What is the schedule of accounts payable?

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Keyla April 7, 2023 в 15:22

The schedule of accounts payable is a document or report that lists all of a company's outstanding vendor invoices and bills, along with their due dates and amounts owed. It is a tool used by businesses to keep track of their current and upcoming financial obligations to suppliers and other creditors. The schedule of accounts payable helps companies ensure that they pay their bills on time, avoid late fees or penalties, and maintain positive relationships with their vendors. It is also a crucial component of a company's cash flow management, as it allows them to accurately predict their short-term cash needs and plan accordingly. The schedule of accounts payable is typically prepared and reviewed on a regular basis, such as weekly or monthly, to ensure that the information is up-to-date and accurate.

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