Accounts Payable Invoice Processing is the process of recording and processing invoices, or bills, sent to you by your suppliers. It typically involves verifying that each invoice has been approved for payment, capturing the relevant details such as accounting codes and VAT Numbers, and setting up payment schedules. The goal of Accounts Payable Invoice Processing is to ensure timely and accurate payments to suppliers, ensuring a good working relationship with business partners. This efficient process also helps reduce costs and maintain financial controls.