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Mission of Accounts Payable

The mission of accounts payable is to pay only the Company's bills that are legitimate and accurate. Which means that before a vendor's invoice can be scheduled to pay, the invoice must reflect what the Company has ordered, received, and the proper costs for those items.

If you are a solo-preneur, we would hope that you can tell at a glance if those are bills that you approved because you would have been the one who approved it. Once you start adding staff and shifting from owning a job to owning a business, is when a formal accounts payable system should be put in place.

Download the whitepaper above to learn all there is. Don’t forget about the video at the end of it!