Accounts Payable Explained (FULL GUIDE)

Get $250 Cashback when you sign up with Ramp at https://www.ramp.com/yourcfoguy Accounts Payable is a vital aspect of every organization's financial operations and staying on top of your accounts payable is crucial to maintaining healthy cash flow and ensuring financial stability. In today's video, I'll walk you through the concept of AP, show you some examples of how I manage it in my company, and tips on how to build a career with AP ⏱️ TIMESTAMPS 0:00 Intro 0:50 What Exactly is Accounts Payable? 2:50 Why Accounts Payable is so Important 4:16 How Accounts Payable Affects Your Accounting 5:30 What Are the Journal Entries to Record 6:56 How to Do Accounts Payable Right 11:56 Processing AP in Quickbooks Online 13:18 Processing AP in Ramp 17:05 Checks, Credit Cards, Wires, and ACHs 23:30 How to Build a Career with AP ABOUT THIS CHANNEL Looking to level up your career in Finance & Accounting? You're in the right place. Each week I upload videos around Accounting, FP&A, and Excel to help you grow in your career and learn something new. ⚡️ Check out my channel here: http://www.youtube.com/@yourcfoguy Don’t forget to subscribe! ? FIND ME AT [https://www.yourcfoguy.com](https://www.yourcfoguy.com/) ➡️ Subscribe to my Newsletter! https://www.yourcfoguy.com/newsletter ? FOLLOW ME ON SOCIAL Get updates or reach out to Get updates on our Social Media Profiles! LinkedIn: https://www.linkedin.com/in/joshaharonoff Twitter: https://www.twitter.com/yourcfoguy #accountspayable #accountingprofessionals #accounting #accountants #finance #financeandaccounting #cfo #tutorial #yourcfoguy #accountingsoftware