Statement Audits: Improve the Bottom Line begins answering the question what is a statement audit as well as explaining why a statement audit is critical focusing on recovering open vendor credits. If you wonder do vendors hide open credits the answer is unfortunately Yes.

That’s why we also address the issue of how often should we conduct statement audits and who should conduct statement audits. The issue of who can do a statement audit is also addressed. Statement audits are the foundation for finding money owed a company. Statement Audits are a very easy way for accounts payable to look good and add to the bottom line. Open vendor credits are one way for accounts payable to add to the bottom line, improving the profitability of the organization. #Accountspayable and accounting professionals should find more vendor credits, whenever they can. #statementaudit #vendorcredits

Statement audits are one way to improve the bottom line. There are many questions regarding statement audits including what is a statement audit, why a statement audit is critical. Clearly the focus is on recovering open vendor credits.

This is Episode 119 of the AP Now podcast.

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

Credit: Music: https://www.purple-planet.com