Good accounts payable management helps keep cash flow healthy. First, negotiate the best possible payment terms. You might be able to save money by paying early or score another 15 or 30 days before your payment is considered late. Set up automatic payments for recurring invoices and pay others on time to avoid the expense of interest and late fees. Timely payment also builds good business credit, which can help your business earn better terms in the future.

Published on: Feb 19, 2017