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Accounts payable
Managing accounts payable is one of the most important financial responsibilities for any business. It ensures you are paying your bills on time and that you have the cash flow you need to operate.
It’s important to keep a close watch on your accounts payable and make strategic decisions about when to settle them.
“Managing accounts payable is not complex, but it has to be done correctly and in a timely manner,” says Alex Barros, Business Advisor with BDC Advisory Services. “You want to be able to pull information from your accounting system at any time and have it be accurate, so you can make the right decisions for your business.”