Accounts Payable Management and Financial Performance in West Pokot County Government, Kenya

Abstract

The amount of money the county collects is supposed to represent how well any district in any nation is performing. Any county's success depends on efficient management of account payables. Effective account payable contribute to enhanced performance in an organization. However, the West Pokot County government in Kenya has been performing worse. The goal of the research was to determine the effect of accounts payable management on financial performance in West Pokot County government, Kenya. The theories that informed the research were transaction cost theory and theory of budgeting. The investigation was directed using the descriptive research design. The unit of analysis was all the employees working in West Pokot County government. The investigation populace was 248 employees working in the Finance & Economic Planning ministry in West Pokot County Government. Both primary and secondary info were collected. Primary info involved the use of the questionnaires that were structured. The study found that account payable, budgeting, cash management and fraud management had a noteworthy impact of the county financial success. The study comes to the conclusion that account payables processes independently have a good financial performance impact on the ministries of west pokot county governments. Therefore, streamlining accounts payable procedures will enhance the success of the ministries under west pokot county governments. According to the survey, County Governments pay their invoices by the due dates. By doing this, it will be ensured that the suppliers are paid in line with the terms of the contract and that the county governments won't have to pay expensive fines when the suppliers decide to take such disputes to court.