Accounts payable is the flip side of receivables: it's what your business owes to suppliers and vendors for goods or services you've already received, but haven't yet paid for.

Managed well, accounts payable protects two things at once — your cash flow, by making sure you're not paying earlier than you need to, and your vendor relationships, by making sure you're never paying later than you should. Both matter more than they might seem.

In practice, we help you with:

• Recording and verifying vendor invoices against purchase orders
• Scheduling payments to match your cash flow, not just due dates
• Capturing early-payment discounts when they're worth taking
• Avoiding late fees and preserving your credit standing with suppliers
• Reconciling vendor statements against what's actually been paid

A business that pays late erodes trust with the people it depends on. A business that pays too early gives up cash it could be using elsewhere. Getting the timing right is the whole job.