A well$-$run Accounts Payable system would include the following:

The accrual of obligations and expenses that have not yet been completely processed, accurate reporting in the appropriate general ledger, and the use of double$-$declining balances.

Accurate reporting in the appropriate general ledger, periodic internal and external audits, and a deficit in retained earnings.

An allowance for doubtful accounts, accumulated depletion, and segregated duties.

Segregated duties, accurate reporting in the appropriate general ledger accounts, and periodic internal and external audits.