A good accounts payable template shall allow you to manage your spending efficiently and effectively. It shall help you refine accounts payable processing and enhances cash flow prediction. It will also eliminate or avoid late payment and unnecessary charges as it will tell you which invoices are due for payment. Paying your suppliers on time will boost your power to negotiate extended payment terms, increased warranty period and even expedite deliveries. Carefully analyzing your payables enables you to set better position to improve business liquidity and mitigate funding gaps.

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