article thumbnail

Accounts payable skills and responsibilities

AP Association

If a business needs to demonstrate proof of making a payment or they're facing an audit, it will depend on the financial records created by the accounts payable clerk. These records are essential to a business's financial health, as well as tracking all payments and cash flow to suppliers and vendors.

article thumbnail

Accounts payable skills and responsibilities

AP Association

If a business needs to demonstrate proof of making a payment or they are facing an audit, it will depend on the financial records created by the Accounts Payable clerk. These records are essential to a business's financial health, as well as tracking all payments and cash flow to suppliers and vendors.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Unlock Potential with an Efficient Accounts Payable Department

Nanonets

Automated approval workflows provide a clear audit trail, enabling you to easily demonstrate compliance with financial regulations and internal controls. Lastly, accounts payable automation can also increase productivity. The  accounts payable clerk  must be highly organized and detail-oriented.

article thumbnail

Trial balance definition

Accounting Tools

Entry to Wrong Account A debit could have been entered in the wrong account, which means that the debit total is correct, though one underlying account balance is too low and another balance is too high. The trial balance is strictly for use within the accounting department. If not, then further investigation is needed.