What Could Cause Accounts Payable To Be Understated

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Hi All,
I have always been in favour of hiring a professional for a challenging job like bookkeeping. However, when my small business was not a very profitable venture and we were barely reaching the break-even point, I used to do the accounting work myself. So when I checked the accounts a few times, I would always face the problem of understated accounts payable at the end of the year. It would be a tedious exercise to check everything again and get the correct figures. Thus every person running a business must be aware of the causes of understatement. So here is an article that sheds light on the topic. Read on. 


https://www.agibookkeeping.com.au/cause-accounts-payable-understated/

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