How to manage a backlog of outstanding invoices

How to manage a backlog of outstanding invoices

Brex reports managing outstanding invoices requires clear tracking of their status and reason coding to improve cash flow, reduce fraud risk, and ensure timely payments.

How to manage a backlog of outstanding invoices - Stateline Publications

How to manage a backlog of outstanding invoicesMost controllers can pull up their accounts payable aging report in a few clicks. Fewer can say, with confidence, which of those open invoices are simply moving through the normal approval queue and which ones have quietly stalled for three weeks because nobody claimed them. On a lean team, that gap tends to surface at the worst possible time, usually a day or two before close, when a vendor calls a…