How to effectively manage accounts payable?

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How to effectively manage accounts payable?
Accounts payable is a branch that sits centrally
in a business core operation. There is a lot on
the line managing invoices efficiently is key
to maintaining strong relationships with dealers
and creating the most of your working
capital. Accounts payable is a liability for
businesses. It makes it necessary to manage
effectively and responsibly, as doing so helps
maintain confidence in your capability to pay
your debts. In addition, it is a respectful
thing to do for your creditors. Accounts payable
management includes managing buys, looking for
trade credit lines, and arranging favorable buy
terms. All the expenses that a business owes
appear on its balance sheet as is the account
payable balance.