Work with suppliers or contractors? Accounts payable software can help you to track who you need to pay and when.
Regardless of what business you run, it’s almost certain you work with suppliers, contractors, or employees who need to be paid.
You don’t want to waste time struggling to use an unintuitive solution and then get phone calls from your suppliers or employees to say they’ve been paid the incorrect amount, or not at all. Instead, you must know who needs to be paid and when, and have confidence in your accounting software.
Remember paying suppliers on time will strengthen your relationships with them, and help you renegotiate frequency of payments down the road.
Automating accounts payable will help you improve the accuracy of financial information, save time on business processes and free up team members to work on other activities.
Taking this step is also useful if you want to avoid defaulting on suppliers.
The best way to find and calculate accounts payable is to keep accurate financial records and track what you owe to suppliers.
If you’re using Sage Business Cloud Accounting:
Keep track of your business spending across multiple companies using our intelligent reporting software.
Paying on time keeps suppliers happy, and strengthens relationships.
When it comes to the production of commodities in the medical, pharmaceutical, manufacturing, automotive and aerospace industries, accuracy and attention to detail are essential. Just ask Cairnhill Metrology. Established in 1983, Cairnhill Metrology Pte Ltd boasts solutions that can measure weights and dimensions down to the microns and sub-microns, assisting with the quality assurance and […]
The world cannot stop drinking tea. The most popular beverage in the world after water, the consumption of tea has only continued to rise. In fact, global annual tea consumption is expected to hit almost 300 billion litres by 2021. From the simple joy of a great taste, providing a nice break and several health […]
Year end can be one of the busiest times for a small business as they work to get their accounting affairs in order. Read below to learn how to help relieve bottlenecks in your accounting reporting by driving an efficient workflow in your business year-round. It starts at the beginning of the year It almost […]
