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What does the accounts payable department do?
The accounts payable is part of a company's accounting department. Accounts payable makes payments to outside firms that supplies it with a service or product.
What is meant by coding in accounts payable?
Coding in accounts payable nothing but an invoice number which will be generated automatically towards customer transation or a payment.
If a packing slip shows a shortage what should accounts payable do?
If the packing slip shows a shortage, the accounts payable department should send it back.
What can one do with an accounts payable clerk?
An accounts payable clerk is a position where one works in a specific division of an accounting department. An accounts payable clerk is the one that is responsible for making payments on behalf of the company one works for in order for payments to be made on time.
Are creditors accounts payable or accounts receivable?
Accounts Payable
What are the most important reports generated by the accounts payable department?
The 'History of Payment' report is one of the three most important reports generated by the Accounts Payable department. The other two most important reports are the 'Reconciliation of Accounts' report, and the 'Voucher Activity' report.
What are the three most important reports generated by the accounts payable department?
The 'History of Payment' report is one of the three most important reports generated by the accounts payable department. The other two most important reports are the 'Reconciliation of Accounts' report, and the 'Voucher Activity' report.
What does the accounts payable department do?
The accounts payable is part of a company's accounting department. Accounts payable makes payments to outside firms that supplies it with a service or product.
What is meant by coding in accounts payable?
Coding in accounts payable nothing but an invoice number which will be generated automatically towards customer transation or a payment.
If a packing slip shows a shortage what should accounts payable do?
If the packing slip shows a shortage, the accounts payable department should send it back.
If a packing slip shows a shortage what should the AP department do?
If the packing slip shows a shortage, the Accounts Payable department should send it back.
What can one do with an accounts payable clerk?
An accounts payable clerk is a position where one works in a specific division of an accounting department. An accounts payable clerk is the one that is responsible for making payments on behalf of the company one works for in order for payments to be made on time.
Are creditors accounts payable or accounts receivable?
Accounts Payable
Who is responsible for posting authorized credits to accounts payable?
Accounts Payable clerk
How do you get weighted average for accounts payable?
Weighted Average Accounts payable = Opening period accounts payable + closing period accounts payable divided by 2 Example: Opening Accounts payable = 10000 Closing accounts payable = 20000 Average = 30000/2 = 15000
What if packing slip shows a shortage what should account payable do?
If the packing slip shows a shortage, the Accounts Payable department should send it back.
What is trade payable?
A trade payable is another term referred to as an account payable. Most companies have an accounts payable department responsible for making sure money is paid to other parties that the company received a service from.
