Accounts Payable Processing Fundamentals

About this course

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.
• Watching is free and needs no account. Sign in to save your progress. Pass each lesson's quiz (60%+) to earn the certificate. Each certificate has its own public verification link to share, marked quiz-verified.

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