Monthly Archives: August 2017

Why, How to perform Supplier Statement Reconciliations in SAP - BY HENRY CURTIS Vendor payments account for the largest cash outflow in most organizations. One of the best ways for accounts payable (AP) managers to sleep easily at night is to preform a reconciliation of vendor statements. While the benefits are numerous, this task can be time-consuming and tedious and is often overlooked. Organizations must use an effective process for reconciling vendors.A vendor statement is a statement of account or document from the vendor’s [...]