Accounts Payable Summary

Top 20 Vendor Accounts Payable (AP) Report What is a Top 20 Vendor Accounts Payable (AP) Report? Top 20 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 top 20 vendors in ranked order based on the amount owed to them. The top right chart shows the ranked list of vendors and the left chart shows what percent the top 3 vendors makes up out of the AP to the top 20 vendors. You find an example of this type of report below. Purpose of Top 20 AP Vendor Reports Companies and organizations use Top 20 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.