5 Hacks to a Less Frantic Year End Close in AP provides five simple things anyone with responsibility for accounts payable can do. The year end close in accounts payable is a critical part of the year end close in accounting. It is part of the larger closing the books process. #accountspayable #accounting #yearendclose

Year end close best practices are often ignored. This is unfortunate because the year end close process directly impacts the organization’s financial statements. The year end close process in accounts payable is one part of the full cycle accounts payable process. This includes the accounts payable payments at year end, another critical task.

Payments at year end are essential to ensuring an accurate financial accounting year end. Every financial accounting year end best practice plays an important role in a timely and accurate year end close in accounting and accounts payable.

Another goal for most accounts payable and accounting departments is a smoother year end close. A smoother year end close in accounts payable contributes to a smoother year end close in accounting.

This is Episode 129 of the AP Now podcast.

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5 Hacks to a Less Frantic Year End Close in AP includes tactics everyone with responsibility for accounts payable can. A smart year end close in accounts payable goes a long way towards a successful year end close in accounting.

Host: Mary Schaeffer (https://www.ap-now.com/)