Unique Skill ID: BGS1FB0D49190FE0E526

Cash Disbursement

Cash disbursement is the process of paying money to suppliers, employees, creditors or other parties on behalf of a company. It involves various tasks such as reviewing invoices, authorizing payments, preparing checks or electronic transfers, reconciling accounts and maintaining accurate records. Effective cash disbursement requires specialized skills in financial management, accounting, banking, and technology. A company that can efficiently manage its cash disbursement processes can improve its cash flow, reduce fraud and errors, and strengthen its relationships with stakeholders.

This Skill is part of Lightcast Open Skills, a library of over 32,000 skills used by schools, communities, and businesses that has become the standard language.
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