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Search results: 10 article(s) found in topic: Accounts payable - keyword: Accounts payable
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Accounts payable audit
You’ve just started a new role and have identified issues with the accounts payable process such as missing credit notes and invoices being paid twice. How should you start to address this?
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ACCOUNTS PAYABLE
Centralised accounts payable
Your business has grown successfully and now operates from a number of sites, each one being responsible for local sales and purchases. Would it be more cost effective to centralise the accounts payable function?
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ACCOUNTS PAYABLE
Trade creditor ratios
The directors have been looking closely at the increasing trade creditors figure on the balance sheet and would like to know whether this is a problem. What are the key ratios that can help you to provide them with an answer?
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ACCOUNTS PAYABLE
Dealing with a belligerent creditor
Your company is disputing the amount owed to one of its suppliers. However, the belligerent creditor has just instigated a formal insolvency process. How should you handle it?
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ACCOUNTS PAYABLE
Monitoring accounts payable
For a number of reasons, it’s important to keep an eye on one critical accounts payable metric: days payable outstanding (DPO). The problem is, there’s more than one way to calculate it - which should you use?
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ACCOUNTS PAYABLE
Supplier in trouble?
You’ve just heard a rumour that one of your suppliers has gone out of business. Trouble is, you had recently made an advance payment to them. So what steps should you take next?
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ACCOUNTING
Fixing a broken purchase ledger
You’ve inherited a purchase ledger which doesn’t reconcile to the supplier statements and is littered with errors. You need to clean it up but where do you start?
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ACCOUNTS PAYABLE
Discounts for prompt payment
Your company’s suppliers frequently offer a percentage discount for immediate payment. How can you work out whether it’s worth paying the invoices early or keeping the money in your company’s bank account?
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ACCOUNTS PAYABLE
Days payables outstanding
In the current economic climate, it’s important to monitor not just how quickly you get cash in but also how quickly you pay it out - “days payables outstanding”. How does your company compare to others in the same sector?
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