accounts payable workflow Definition
The Accounts Payable Workflow is the process that a company uses to pay its invoices and other creditors. The workflow begins when an invoice is received by the Accounts Payable department. The Accounts Payable department will then review the invoice for accuracy and enter it into the accounting software. Once the invoice has been entered into the system, it will be routed to the approver. The approver will review the invoice and approve it for payment. Once the invoice has been approved, it will be sent to the payment processing department. The payment processing department will then issue a check to the vendor or make an electronic payment.
