Accounts Payable Management and Administration Service

The management and administration of accounts payable, or payment planning, is a back-office process of the financial function, which helps the company stay up to date with the payment of invoices, suppliers, and other obligations.

Accounts payable in a company represent a debt that must be paid. When these accounts become overdue, they can result in late fees, interest payments, or even other types of problems for the business.

Contadores Dominicanos acts as a strategic ally to manage the administration of accounts payable through expert professionals to ensure proper management of these matters.

What is accounts payable management and administration?

Accounts payable management involves managing the credit debts that the company incurs with its suppliers for raw materials, supplies, and more.

It consists of planning and paying outstanding invoices and speeding up overdue payments.

What does the accounts payable management service include?