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Payables Management

Definition: The administration of a company's outstanding debts, or liabilities, to vendors for purchases of goods and services made on credit

When you're managing a growing company, you have to watch expenses carefully. Don't be lulled into complacency by seeing sales increase. Any time and any place you see expenses growing faster than sales, examine your costs carefully to find places to cut or control them. Here are some more tips for using cash wisely: