Guides
Check our latest Guides
Check our latest Guides
As the gatekeeper for outgoing cash flows, accounts payable teams are responsible for honoring a business’s financial commitments and paying bills on time. On the balance sheet, accounts payable is classified as a liability because it refers to the payments you owe but haven’t paid yet. Yet, the hidden “liability” may be the manual processes dragging down already stretched AP teams.
As the gatekeeper for outgoing cash flows, accounts payable teams are responsible for honoring a business’s financial commitments and paying bills on time. On the balance sheet, accounts payable is classified as a liability because it refers to the payments you owe but haven’t paid yet. Yet, the hidden “liability” may be the manual processes dragging down already stretched AP teams.
As the gatekeeper for outgoing cash flows, accounts payable teams are responsible for honoring a business’s financial commitments and paying bills on time. On the balance sheet, accounts payable is classified as a liability because it refers to the payments you owe but haven’t paid yet. Yet, the hidden “liability” may be the manual processes dragging down already stretched AP teams.