Financially Simple

In episode 123 of Financially Simple, Justin lists his tips for managing Accounts Payable. Keeping track of expenses and making sure the bills are paid on time is so important! Justin gives 19 tips on how to best manage the tasks, and create a best-in-class system that will be able to operate with minimal interference by the Business Owner. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! BLOG/TRANSCRIPTION: BLOG: How to Streamline Your Accounts Payable Process  TIME INDEX: 00:31 - Tips for Managing Accounts Payable 01:40 - 1 - Start Early 02:50 - 2 - Get Your Workers Focused 04:21 - 3 - Have Effective Communication 05:36 - 4 - Don't forget the Human Factor 06:19 - 5 - Apply the 5W1H approach 07:16 - 6 - Adopt the RACI Model 08:38 - 7 - Follow the KISS Principle 08:52 - 8 - Encourage Your Team to Share Ideas 09:29 - 9 - Simplify the Accounts Payable Process 10:20 - 10 - Review Records for Optimisation 11:09 - 11 - Cross Off Finished Items 11:18 - 12 - Bat