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Accounts payable (AP) is the critical aspect regarding business operations that will many companies may overlook or not completely understand. However, that is essential for maintaining healthy cashflow, managing vendor relationships, and ensuring compliance with financial restrictions. In this write-up, we will breakdown what accounts payable is, its value, and best procedures for managing this kind of function effectively. Just what is Accounts Payable? Accounts payable pertains to the spectacular debts a firm o