What Could Cause Accounts Payable To Be Understated

Hey There,

It has been a while since I ventured into the accounts department as my long-time friend and highly qualified bookkeeper is taking care of the matter. Before he joined us, we were in a soup. As my amateur bookkeeper had completely muddled the accounts and it was challenging to make sense of things. There were so many errors and the final figures were all incorrect. So when my friend Joe stepped in, he informed me about the causes of accounts payable becoming understated and affecting the cash flow. As a business owner, you should also know about these errors. So here is an article to enlighten you about these mistakes.

https://www.agibookkeeping.com.au/cause-accounts-payable-understated/