Forecasting Accounts Payable
To make the best decisions possible, it is important to have a good understanding of what you expect in the future. This is especially true when it comes to Accounts Payable. Accounts payable forecasting is the process of estimating the amount of money that a company will owe to its suppliers in the future, based on supplier payment terms and historical data. This is important because it allows the company to plan for its cash flow and make sure that it has enough money to cover its expenses.
