The importance of keeping financial and managed controls in companies.

The accounting control of the accounts payable area must be constantly and systematically evaluated and thus ensure that the financial statements are made with efficiency, effectiveness, quality and excellence, in order to achieve greater economic profitability for the company.

All these objectives will collaborate to maintain the information related to accounts payable in a reliable, adequate and correct manner, all of which will be necessary for decision making in the management of the company..

Consequently, such controls should promote the efficiency of the companies, so as to reduce the risks of losses of operational and financial assets and to promote the preparation and dissemination of reliable financial statements, as well as the compliance with the legal provisions in force.

Therefore, the relevance of control within companies makes it possible to evaluate performance and take corrective actions of the operations executed in these, allowing adjustments to be made to the procedures and methods by which management delegates authority and assigns responsibilities.

In addition, it serves significantly for the preparation, verification and distribution of regular reports and analyses performed by managers to maintain control of the wide variety of accounting processes within a company.

Also, in the accounts payable are recorded amounts caused and pending payments, such as commissions and fees for services, money owed to suppliers, among others of similar characteristics that are transcendental to be able to have proper control because otherwise it would bring losses that lead to the want to a company for not having them up to date.