Finly Blog Accounts Payable Audit – A Complete Guide

Organizations make many payouts to the vendors, frequently. For any payment transactions that occur, a payment record is maintained in detail. Accounts payable audit helps to understand the financial health of the organization. Well-Managed audit trails are vital indicators of proper internal business controls. Preparing for an accounts payable audit can be a daunting task. You must have detailed information about your financial transactions and should have all the documents related to it.   However, due to the manual process, a small data mismatch or loss of information can lead to financial chaos. It is always recommended to use the The post Accounts Payable Audit – A Complete Guide appeared first on Finly | Blog.