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The accounts payable process or function is immensely important since it involves nearly all of a company’s payments outside of payroll. The accounts payable process might be carried out by an accounts payable department in a large corporation, by a small staff in a medium-sized company, or by a bookkeeper or perhaps the owner in a small business.
Regardless of the company’s size, the mission of accounts payable is to pay only the company’s bills and invoices that are legitimate and accurate. This means that before a vendor’s invoice is entered into the accounting records and scheduled for payment, the invoice must reflect:
What is the Accounts Payable Process?
The accounts department will have a set of procedures to follow before making a payment. Set guidelines are essential because of the value and volume of transactions during any period of time.
The process involves:
The process at ProConnect warehouses is no different but it is well managed
From Warehouse End – The following process is for small and/or regular monthly vendors:
The following process is for Freight Vendors:
– Vijay Chandrasekaran