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8 questions to ask about your AP System

Future CFO

The accounts payable (AP) department goes beyond just ensuring that all bills and invoices are cleared on time. By accurately managing all APs the business is ensured it complies with appropriate tax regulations, contractual obligations, and financial reporting standards.

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The best software for financial close and overview of the process

Spreadym

These entries correct errors, allocate costs, or reclassify transactions to the appropriate accounts. Subsidiary Ledgers and Reconciliations: Subsidiary ledgers, such as accounts receivable and accounts payable, are reconciled to the general ledger to ensure consistency and accuracy.