Perform Accounts payable daily procedures in Dynamics 365 Finance
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Perform Accounts payable daily procedures in Dynamics 365 Finance

Recognize that purchasing goods for resale or as materials for manufacturing or services is a large responsibility

Microsoft Learn
Updated Apr 08, 2020

Purchasing goods for resale or as materials for manufacturing or services is a large responsibility. Tracking those purchases and paying the vendors that supply the goods is just as challenging. Organizations must monitor accounts payable closely and implement procedures so management can easily obtain the financial information that they need to have to stay informed about changes in the costs of goods. To give an accurate view of the financial condition of the business, all expenses that affect net profit are included in accounts payable.

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