Vendor Statement Reconciliation: The AP Hygiene Practice That Catches Duplicate Payments Before Vendors Do

Every month, major vendors send you statements showing their view of your account — every invoice they think is open, every payment they've applied, every credit memo they've issued. Reconciling that view against your own AP records is the discipline that catches duplicate payments, missing credits, and misapplied payments before they show up as disputes. Here is how the process works and why most AP teams underinvest in it.