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Accounts payable (AP) is surely an essential component of a company's financial management, however many businesses are not able to fully understand its significance. While that may seem just like a basic function of processing payments in order to vendors, accounts payable is much extra than that. It directly impacts funds flow, vendor relations, and overall economic health. In this particular article, we will check out the role of accounts payable, precisely how it works, and even why it will be essential to a c