Managing Accounts Payable: Strategies for Control and Compliance

In this episode of The Accounting & Bookkeeping Show, hosts Jane and Tom delve into the essential strategies for effectively managing accounts payable. From developing robust policies and procedures to reconciling supplier statements and controlling business credit card use, this episode covers all the critical aspects of accounts payable administration. Jane and Tom discuss how to monitor accounts payable to ensure timely payments, conduct reasonableness checks to prevent errors and fraud, and handle supplier enquiries to maintain strong relationships. Whether you're looking to refine your accounts payable processes or ensure compliance with best practices, this episode provides valuable insights to keep your business financially sound and organised. Tune in and learn how to take control of your accounts payable with confidence!