January 29, 2010 
This entry was posted on Friday, January 29th, 2010 at 9:45 pm and is filed under Accounting, Accounts Payable. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Some people love to gossip. Gossip is rampant not just in entertainment and showbiz it is being done in business too. The advertising industry is filled with gossip; about people and about clients. One of the most popular gossip is that Clients do not pay or take forever to pay. This is why when I finally made the move from an agency to the Client side I made sure the company I worked for employed accounts payable best practices.
Companies should all ensure that they employ accounts payable best practices. This means that they should all pay their suppliers on time. This is the most basic rule in accounts payable. Clients who do not handle their accounts payable correctly are often the subject to gossip. As we have seen in the recent recession, companies who were not able to manage their accounts payable properly filed for bankruptcy.