This task represents the business obligation to pay off short-term debt to its creditors on time and taking advantage of any applicable discount. This like all other aspects of accounting has to be accurate and no one wants to pay more than they need too.
Accounts payable reflects directly on our business integrity helping us to provide the best possible view of our business to vendors and the community. Accounts payable is reflected on the balance sheet.
Items in accounts payable are approved for payment and recorded in the general ledger or accounts payable sub-ledger as outstanding or open liability because it has not been paid yet. Accounting software is used to track the flow of the money into this liability account. Patton Financial has the experience needed to make this task painless and accurate.
We know what to look for and what is most cost effective for our client. Tracking each penny and making sure you get the most for your money.