Archive for March, 2016

How To Reconcile Supplier Statements

Why we reconcile vendor statements was discussed in my previous article. While the benefits may be appealing, it can be an onerous task to match thousands of supplier invoices and other documents every month. Manual matching of statements may involve much

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Why Reconcile Vendor Statements?

Vendor payments account for the largest cash outflow in most organisations.  One of the best ways for accounts payable managers to sleep easily at night is reconciliation of vendor statements. While the benefits are numerous and discussed below, this task

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