How do you allocate cost and manage payable of the company?

Question

Accepted Answer

I allocate cost by analyzing expenses and assigning them to appropriate cost centers. I manage payables by ensuring timely payments and maintaining accurate records.

Analyze expenses and categorize them into appropriate cost centers
Ensure timely payments to vendors and suppliers
Maintain accurate records of all payables and expenses
Reconcile accounts payable ledger to ensure that all payments are accounted for
Communicate with vendors and suppliers to resolve any payment issues
Implement cost-saving measures to reduce expenses
Collaborate with other departments to ensure accurate financial reporting

How do you allocate cost and manage payable of the company?

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