Financial Management::Manage Financial Transactions::Manage Accounts Payable

Manage Accounts Payable process involves handling the enterprise’s short-term debts to suppliers. Key steps include processing and verifying invoices, obtaining necessary approvals, scheduling and making payments, maintaining accurate records, and reconciling accounts with supplier statements. The main goals are to manage cash flow, maintain good supplier relationships, ensure financial accuracy, and comply with regulations.<br/>This process was renamed in 24.5 old name was Process Accounts Payable<br/>