SlimbotPlatform › Accounting › Creditors
AccountingWhat is Accounts Payable?
With Accounts Payable you keep track of which invoices you still need to pay to suppliers. Slimbot shows per supplier what is outstanding and when it is due, so you pay on time and avoid penalties. This way you keep control of your expenses and your relationships.
How does it work?
- Enter purchase invoices or have them read automatically.
- Slimbot bundles outstanding amounts per supplier with due date.
- See which invoices are about to expire and plan your payments.
- Tick off what's been paid; the item disappears from your outstanding list.
Use cases
Hospitality business that pays multiple suppliers weekly.
Webshop that tracks purchase invoices from multiple brands.
Installation company that wants to pay material invoices on time.
Business owner who wants visibility on what's going out in the coming weeks.
Benefits
- Pay on time and avoid fines or interest.
- Never pay the same invoice twice again.
- Overview of your upcoming expenses.
- Better relationship with your suppliers.
Frequently asked questions
Can I see which invoices are about to expire?
Yes. Slimbot shows the due dates and highlights what needs to be paid soon, so you don't overlook anything.
How do I prevent duplicate payments?
As soon as you tick off an invoice as paid, it disappears from the outstanding list, so you don't accidentally pay twice.
Can I automatically read in purchase invoices?
Yes. You can scan invoices so the details are automatically imported and you only need to review them.
Also within Accounting
Set up Creditors for your business?
Slimbot sets everything up for you. Start for free or request a tailored demo.