Accounts Payable for Small Business India: Stop Overpaying Vendors
A wholesale distributor in Delhi. Forty-plus vendors. Monthly purchases of ₹35 lakh. His accountant was managing accounts payable in a notebook and Tally — but only entering invoices when payments were made. Three months ago, during a bookkeeping review, we found ₹2.3 lakh in overpayments — spread across eleven vendors over eight months. Duplicate invoices […]