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Accounts Payable (AP)

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**Accounts Payable (AP)**

What is Accounts Payable (AP)?

Accounts Payable (AP) is the department or function within a company that is responsible for paying the company's bills and invoices. It involves processing invoices, verifying payment details, and ensuring timely and accurate payments to suppliers and vendors. AP systems often automate these processes, improving efficiency and reducing errors.

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