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Forecast Accounts Payable

oboloo Glossary

Forecast Accounts Payable

Forecast Accounts Payable (FAP) matters to your bottom line. It’s the process of predicting the amount of money an organization will owe to its suppliers and creditors in the future, so that it can prepare for these expenses ahead of time. FAP is a crucial tool in financial planning – understanding what debts may be coming down the line can help organizations better manage their cash flow and anticipate potential changes in their overall budget. With a comprehensive FAP strategy, you’ll have more control over your cash resources – and more power to set your company on the path to success.

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