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Understanding Accounts Payable AP represents the sum a business owes to suppliers for goods and services received. Automated reconciliation : AP automation can automatically reconcile payments against invoices, ensuring that the company’s financialrecords are accurate and up to date without needing manual matching.
This is important, especially during tax seasons when you have to see to it that all invoices, receipts, and payments are in order. Real-time tracking while doing the financialrecording keeps you alerted at all times regarding the current situation of your cash flow and fastens decision-making.
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