oboloo Glossary

Corporate Accounts Payable

oboloo Glossary

Corporate Accounts Payable

Corporate Accounts Payable is a process of keeping track of any invoices or bills a company owes to its external suppliers. It’s an important function of any business, and involves tracking the amount, date and payment terms for each transaction. It also covers administrative duties such as entering payment information into accounting records and following up on overdue payments. Good management of Corporate Accounts Payable can help ensure that your company remains financially secure and transparent.