Accounts payable, or trade creditors, are the bills or invoices you owe to your suppliers. Keeping track of your supplier invoices is important to every business. You need to know who you owe, how much and when payments are due in order to effectively manage cash flow. Not entering all of your supplier invoices also impacts your profit and loss statement and overstates your profit. It’s also important to have a history of invoices received and paid so that you can easily manage a situation where a supplier is demanding payment for invoices you’ve already paid. We can ensure that all invoices are captured by reconciling the supplier invoices in Xero against supplier statements every month. In addition, we can automate the supplier invoice processing by using software to login to your supplier accounts every day, download those invoices, automatically process them using Optical Character Recognition (OCR) technology and have them post to Xero without any human intervention. Talk to us about how we can do high-volume supplier invoice processing for your business very cost-effectively.