Best practice for reducing DPO

March 30, 2021

Share

Q. I would like to connect with other AP Managers to discuss best practices in reducing the number of days invoices are outstanding using the Invoice Aging Report as a tool and also how to utilize the purchase order receiving records to address outstanding invoices.  A. (Answered by the IOFM Advisory Panel) ----- 1. First, determine both what is holding up the invoices and why they are aging.Ask the following questions: Is AP experiencing workflow and processing problems? Are multiple AP…

  Become A Member

Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!

Join Today


Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500