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The Account Payable Confirmation Letter is a crucial financial document used in Philippine business operations to verify and acknowledge outstanding debts between companies. This document becomes necessary during annual audits, financial due diligence, or when formal verification of outstanding payables is required. It serves multiple purposes: confirming the accuracy of recorded debts, supporting audit trails, and helping prevent discrepancies in financial records. Under Philippine law, particularly the Code of Commerce and Securities Regulation Code, such confirmations form part of proper financial documentation. The letter typically includes detailed information about outstanding invoices, payment terms, and any disputed amounts, making it an essential tool for financial reconciliation and compliance with Philippine Financial Reporting Standards.

1. Letter Header: Company letterhead, date, and reference number

2. Recipient Details: Full name and address of the creditor company

3. Subject Line: Clear indication that this is an Account Payable Confirmation

4. Opening Statement: Formal greeting and purpose of the letter

5. Account Details: Specific details of the outstanding amount, invoice numbers, and dates

6. Confirmation Statement: Clear statement confirming the accuracy of the stated payable amount

7. Contact Information: Details of the person to contact for any queries

8. Signature Block: Authorized signatory details, including name, position, and signature