Juno Consultants

Accounts Payable

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents. Our team will assist you in posting of transactions, ageing analysis, payments based on cash flow situation and producing monthly reports and continuing to improve payment process.

Accounts payable is a crucial component of accounting that represents a company’s obligation to pay short-term debts to its suppliers or creditors. It reflects the amount owed for goods and services received but not yet paid for, and is recorded as a liability on the balance sheet. Effective management of accounts payable ensures timely payments, maintains healthy supplier relationships, and supports accurate cash flow forecasting. It also involves verifying invoices, reconciling discrepancies, and adhering to internal controls to prevent errors or fraud. Proper accounts payable practices are essential for maintaining financial integrity, improving operational efficiency, and supporting overall financial stability within the organization.

ACCOUNTING SERVICES