What Are Main Business Processes Of Accounts Payable?

1.	What Are Main Business Processes Of Accounts Payable?
Answer» Payables Business process overview: Create Vouchers and payments process using MANUAL and automatic processes. Country specific tax withholding. Matching the vouchers with the purchase orders and receipts. Post the vouchers. Maintain vouchers throughout their life cycle. Create drafts, single VOUCHER payment, prepayments, and self-billed invoices. Optionally, send electronic payments to PEOPLESOFT Financial Gateway. Analyze accounts PAYABLE information using online inquiries, and by generating REPORTS. Archive accounts payable data. Payables Business process overview:

Answer»

Payables Business process overview:

Create Vouchers and payments process using MANUAL and automatic processes.
Country specific tax withholding.
Matching the vouchers with the purchase orders and receipts.
Post the vouchers.
Maintain vouchers throughout their life cycle.
Create drafts, single VOUCHER payment, prepayments, and self-billed invoices.
Optionally, send electronic payments to PEOPLESOFT Financial Gateway.
Analyze accounts PAYABLE information using online inquiries, and by generating REPORTS.
Archive accounts payable data.

Payables Business process overview:

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