Accounts Payable (AP) is a core accounting function that tracks money a business owes to its vendors or suppliers for goods and services received. Efficient AP management ensures timely payments, strengthens vendor relationships, and maintains accurate financial records.

This guide covers the complete AP process, from invoice receipt and approval to payment execution. It also explores AP automation, which reduces manual errors, saves time, and provides better visibility into cash flow. Additionally, we highlight best practices—like setting clear payment terms, leveraging digital tools for invoice tracking, and regularly reconciling accounts—to help businesses maintain smooth and efficient operations.

Whether you’re a small business or a growing enterprise, understanding and optimizing your AP process is essential for financial accuracy and operational efficiency.

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