What is an Accounts Payable Spending Trend Report?
AP reports are considered operational reports and are used by accountants and AP managers to quickly see the vendors that are owed the most money. Some of the key functionality in this type of report is that it can be run for any period and it will then list the historical trend of dollars spent with each vendor over the prior 13 months. This type of report is great for analyzing expenses and cost control. You find an example of this type of report below.
Purpose of AP Trend Reports
Companies and organizations use AP Vendor Reports to help prioritize payments and assess impact on the company’s cash. When used as part of good business practices in a accounting department, a company can improve its liquidity as well as reduce the chances that large upcoming vendor payments causes issues because they are coming as a surprise.