Accounts payable is a detailed list of a company's debt and liability owed from the purchase of services and goods. Receiving goods without payment and buying goods on credit are both recorded as accounts payable, too. Accounts payable is also known as trades payables. Basically, accounts payable is the liability to a creditor. Staff payroll and leases are not a part of accounts payable. Accounts payable is like having a credit balance to work with. When done right, accounts payable should reflect a credit balance that is equal to the outstanding vendor invoices.
While attending the virtual Vistage Executive Summit, Anne Petrick, Sr. Director of Research at Vistage Worldwide, Inc..
Your business's Key Performance Indicators (KPIs) are your tools for measuring and tracking progress in essential areas.
Budgeting and forecasting allow a business to plan accurately for its fiscal year. Below are 10 ways to improve these.
Your company's cash flow forecast is the fuel that keeps things going and your business growing. The money coming in.
If you calculate your sales margins by subtracting the cost of inventory from your retail sales amounts, you might feel.
