Tech Insights

Accounts Payables (AP)

Last updated May 19, 2025, generated by Sumble

What is Accounts Payables (AP)?

Accounts Payable (AP) refers to the department or function within a business that is responsible for paying the company's bills and invoices. It involves processing invoices received from suppliers, matching them with purchase orders and receiving reports, verifying the accuracy of the invoice, and scheduling and making payments to vendors. AP automation software helps streamline these processes by automating tasks like invoice capture, data extraction, routing, approval workflows, and payment processing, improving efficiency and reducing errors.

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What other technologies are related to Accounts Payables (AP)?

Accounts Payables (AP) Complementary Technologies

Accounts Receivables (AR)

AR is a complementary process to AP as it manages incoming payments while AP manages outgoing payments. Both are crucial for a business's financial health.

mentioned alongside Accounts Payables (AP) in 69% (172) of relevant job posts

Sub-ledger Accounting (SLA)

SLA provides detailed accounting support for transactions originating in subledgers, like AP, before they are summarized in the general ledger. This helps with reconciliation and auditability.

mentioned alongside Accounts Payables (AP) in 50% (92) of relevant job posts

General Ledger (GL)

GL is the core accounting record. AP transactions ultimately post to the GL, making it a fundamentally complementary technology.

mentioned alongside Accounts Payables (AP) in 16% (172) of relevant job posts