Accounts Payable is a liability when orders of goods or services are bought goods on credit. Liability is due to a creditor. The term Accounts Payable is not limited to companies. Even individuals have Accounts Payable. This comes under the head ‘current liabilities’.
Accounts payable are usually reported in a business’ balance sheet under short-term liabilities. Taxolawgy Accounts Payable services will include accounting services, legal services, supplies, and utilities.
Services provided by Taxolawgy will help you to
- Meet your regulatory requirements
- Optimize your cost by paying the bills on time and avoiding interest and penalties
- Optimize working capital management
- Getting vendor discounts
- Avoid Duplicate Payments
- Increase in financial Control for top-level Executives