Accounts payable refers to the function that pays an organization’s bills. If you think this means the team just gets bills (called invoices in the business world) and pays them, you’re in for a rude awakening. With over 25% of all invoices being sent multiple times, an organization that took the “just pay it” approach would be shelling out cash faster than it should. Let’s take a quick look at the accounts payable process.
Link to Accounts Payable Process Tasks Handled by Your AP Team
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What Is Accounts Payable [Accounting Process]
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