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What is the meaning by AP Aging ? Also how you can make it accurate ? what is the best way to make schedule Payments for all suppliers ?

Please support your answer in detalis as we all can get the best use of it and many thanks for your time and effort

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Question added by khaled Ibrahim Sayed Abd El Salam Ibrahim , Chief Accountant , -ElMehy engineering company
Date Posted: 2014/01/04
khaled Ibrahim Sayed Abd El Salam Ibrahim
by khaled Ibrahim Sayed Abd El Salam Ibrahim , Chief Accountant , -ElMehy engineering company

First AP aging = Provide the company by accurate balances for all suppliers accroding to the due date

Second Make AP accurate = Always update Suppliers SOA by makeing all the entiers and not wait to the monthe end.

Third schedule = to make payments to the old due and mean time make down payments for the new suppliers due even a little .

Vinod Kumar Puliyamkott (H)
by Vinod Kumar Puliyamkott (H) , Sr. Trainner cum Functional Consultant , Nortech infonet

Ap aging is Reprot to know how much amout is due at certain day,  which has to be paid by the company to the Vendor,,

 

By providing the payment terms correctly it could be made accurate

 

 

 

 

Mohsin Ali Chaudhry
by Mohsin Ali Chaudhry , Accounts Officer , CCE - Contracting & Construction Enterprises Ltd.

AP aging means "The selected duration in which company has to pay to their suppliers." We also need to make sure that how much cash is coming in the business same as AR aging. We can make it by analysing AR as well.

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