Which of the following is a best practice for managing vendor bills?

Reviewing the vendor aging report regularly is a best practice for managing vendor bills because it helps organizations keep track of outstanding payables and ensures timely payments. This practice can aid in maintaining good relationships with vendors, avoiding late fees, and managing cash flow more effectively. By regularly assessing this report, businesses can prioritize payments based on due dates, terms, and any discounts available, leading to better financial management overall. This proactive approach allows organizations to stay informed about their liabilities and helps identify any discrepancies or issues that may need to be addressed with vendors.

Other options may have their own merits but do not provide the same level of comprehensive oversight and strategic management as regularly reviewing the vendor aging report does. For instance, while paying multiple bills at once can improve efficiency, it may not always align with optimal cash flow management or payment terms. Automatically approving bills can lead to potential errors and oversights, while using a single check for all vendors may complicate tracking and reconciliation processes.