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Aging of Accounts Payable Form

Aging of Accounts Payable Form

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Because the world takes a step away from in-office working conditions, the execution of paperwork increasingly takes place online. The aging of accounts payable form isn’t an exception. Working with it utilizing digital means is different from doing so in the physical world.

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hi I'm Elizabeth Sara's CEO here at financial GPS and this is accounting for CEOs today we're going to be learning about our accounts payable aging reports and this report is super important to know because it allows us as a business to know how much do we owe our vendors who provided services for us so when we look at our ap report we're going to see it broken down into a couple sections we're first gonna see how much do we currently own vendors so this is anything between 0 to 30 days then in the next column you have anything that goes 31 to 60 days and it keeps buildings 61 to 90 and then this is what we call red zone which is anything that's owed over 90 days now there's a few things that you're gonna learn about this report that are going to help you to understand really how to utilize it so the first thing is if we notice that we're constantly overdue on invoices to vendors we're gonna start noticing

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