Handling Accounts Payable and Receivable is an integral part of running any business. It’s the process of keeping track of all money that’s owed and received, making sure all invoices are paid on time and managing accounts receivables and payables efficiently. Properly accounting for AP/AR ensures your financial records are accurate and up-to-date, helping ensure smooth financial operations in the long run. Engaging with your customers can be just as important, as working to understand their situation helps get payments processed quickly and accurately. Taking a proactive approach to handling AP/AR can save you time, money and headaches in the future – so don’t underestimate its importance!