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If a business needs to demonstrate proof of making a payment or they're facing an audit, it will depend on the financial records created by the accountspayableclerk. These records are essential to a business's financial health, as well as tracking all payments and cash flow to suppliers and vendors.
If a business needs to demonstrate proof of making a payment or they are facing an audit, it will depend on the financial records created by the AccountsPayableclerk. These records are essential to a business's financial health, as well as tracking all payments and cash flow to suppliers and vendors.
Automated approval workflows provide a clear audit trail, enabling you to easily demonstrate compliance with financial regulations and internal controls. Lastly, accountspayable automation can also increase productivity. The accountspayableclerk must be highly organized and detail-oriented.
Entry to Wrong Account A debit could have been entered in the wrong account, which means that the debit total is correct, though one underlying account balance is too low and another balance is too high. The trial balance is strictly for use within the accounting department. If not, then further investigation is needed.
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