What is accounts payable process? A Practical Guide to the AP Workflow
The accounts payable process is simply the system your business uses to manage and pay its bills. But it’s so much more than just cutting checks; it’s a core financial function that makes sure every dollar going out is for a legitimate, approved, and correctly recorded expense. Deconstructing the Accounts Payable Process Think of your company's accounts payable (AP) process as its
What Is Accounts Payable Workflow Explained Step by Step
An accounts payable workflow is essentially the roadmap your finance team follows to take vendor invoices from the moment they arrive until every payment is reconciled. Along this route, there are five core stages—Invoice Receipt, Data Capture, Approval Routing, Payment Execution, and Reconciliation—all geared toward boosting accuracy, speed, and cash flow control. How Accounts Payable Workflow Works A thoughtfully laid-out AP workflow