What is Accounts payable and how can you process and how can you handle the client?

Question

Accepted Answer

Accounts payable is the amount owed by a company to its suppliers for goods or services received.

Accounts payable is a liability account that tracks the money a company owes to its vendors or suppliers.
Processing accounts payable involves verifying invoices, matching them to purchase orders and receipts, and making payments.
Handling clients involves maintaining good communication, resolving any issues or disputes, and ensuring timely payments to suppliers.
Effective management of accounts payable can help improve cash flow and maintain good relationships with suppliers.

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