Accounts Payable Checklist for Small Businesses

Accounts payable are the bills that come in after you've paid for all your expenses. They're also called "accounts receivable" because they represent money owed by customers.

Why Do I Need an Accounts Payable Checklist? If you run a small business, you will likely have some accounts payable at any given time. These are the invoices that come in after you pay for all your expenses. It's important to keep track of these so that you can make sure you're paying your vendors on time.

What Are the Different Types of Accounts Payable Checks? 

There are two main types of accounts payable checks: vendor and customer. A vendor check is an invoice that comes from a vendor who has sold you goods or services. A customer check is an invoice that came from a customer who has purchased something from you.

When Should I Create My First Accounts Payable Checklist Template?

If you're just starting out as a business owner, you might not have any invoices yet. That's okay! It's perfectly fine to start with a blank slate when creating your first accounts payable checklist template. However, once you've been running your business for a while, you will likely have some invoices. At that point, you should consider creating a new checklist template so that you can keep track of your invoices.

How Can I Manage Accounts Payable Processes More Effectively?

Accounts payable processes are an essential part of managing your company's finances. They help ensure that your company has enough money coming in to pay its bills and expenses. Without these processes in place, you could end up paying late fees, interest charges, and penalties.

How Can I Automate Accounts Payable Processes?

If you're running a small business, you likely have a lot going on at any given time. That means you might not have the time to keep track of every invoice that comes through your door. Fortunately, there are several ways to automate your accounts payable process so you can focus more on growing your business.