Accounts Payable Insights

What is Accounts Payable?

Accounts Payable (AP) is the department or function within a company that is responsible for paying the company's bills and invoices. It's a crucial part of the accounting process that ensures a company meets its financial obligations to its suppliers and vendors. AP processes include receiving and approving invoices, matching invoices to purchase orders and receiving reports, and scheduling and making payments.

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What other technologies are related to Accounts Payable?

Accounts Payable Complementary Technologies

Accounts Receivable

Accounts Receivable handles incoming payments, which complements the outgoing payments handled by Accounts Payable.

mentioned alongside Accounts Payable in 85% (2.7k) of relevant job posts

General Ledger

The General Ledger records all financial transactions, including those from Accounts Payable, providing a central repository of financial data.

mentioned alongside Accounts Payable in 42% (2.5k) of relevant job posts

Fixed Assets

Fixed Asset systems track and manage a company's physical assets, and Accounts Payable often handles payments related to the purchase or maintenance of these assets.

mentioned alongside Accounts Payable in 36% (1.4k) of relevant job posts