What are the steps in the accounts payable process?

The accounts payable process moves a supplier invoice from receipt to a supported accounting record and the authorized payment workflow. A typical sequence is:

1. Receive and index the invoice through an approved intake channel.
2. Validate required information, check for possible duplicates and match supporting records where applicable.
3. Apply approved coding and route discrepancies or missing information for resolution.
4. Obtain the required invoice approval and payment authorization.
5. Prepare or execute the authorized payment according to the assigned role.
6. Reconcile records and payment status, retain supporting evidence and review outstanding items.

Exceptions remain visible until the required evidence or decision is available. ARDEM can manage the steps in scope while your team retains its approval and authorization controls. Explore the AP workflow and services and an illustrative operating review.