Learn the essential concepts and foundations of accounts payable processing.
5 lessons
30 min
beginner
What you'll learn
Define accounts payable and its role as a liability.
Explain how accounts payable impacts cash flow and the balance sheet.
List and describe the eight steps of the AP process.
Explain how the steps interconnect to turn obligations into settled payments.
Describe the three-way matching process.
Explain how OCR and automated matching improve efficiency.
Finishing the course
20 knowledge-check questions along the way, so you know the ideas stuck before you move on.
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