Accounts payable is a liability for the payment to be made to the creditors and various other suppliers. Accounts payable is a business department in big-size companies handling lots of data and is responsible for timely payments. Accounts payable is an important indicator regarding the performance of the company as an increase would indicate that the company is buying more goods on credit than on cash and a decrease would indicate faster payments as compared to new purchases. The accounts Payable ratio is an important ratio that shows the rate at which payments are made to the creditors.
- Finding missing information
- Recording transactions
- Basic Accounting principles
- Reconciling accounts payable
- Finance Manager
- Accounting Clerk
- Assistant Accountant
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