One of the most frustrating and easily fixed issues with the Accounts Payable (AP) department is tracking down missing invoices. Missing invoices are those invoices that come to light when a vendor calls AP asking for payment status and when AP investigates, they find...
It makes sense that most accounting departments put more focus on collecting accounts receivable because that is where cash flows in. On the other side of the balance sheet is accounts payable or where the cash flows out. So in terms of management priority accounts...
