Question

In 250 words, comment on what you found to be most interesting from watching the Accounts Payable article.

Answer 1

Comment on what you found to be most interesting from watching the Accounts Payable article.

Accounts payable refers to the amount you owe your suppliers for the goods and services you've purchased from them on credit. Paying attention to your accounts payable process is crucial if anything goes wrong in your accounts payable process, your entire business will be in jeopardy.

I found to be most interesting from watching the Accounts Payable is -

Keep dgital records.

By switching to online accounting software, you can maintain digital records for all of your transactions. You can also save on storage costs and make it easier to store, search, and retrieve documents. In particular, digital records that are stored in the cloud offer security and regular backups. This improves your legal compliance as well, since most countries require business owners to store their business records for a specific number of years.