Accounts payable has got noting to do with purchase of goods and services, it's work is to pay the eligable invoices.

End to End Process of AP
- Process the vendor invoices into system
- Work and resolve the discripencies of the invoices (if any)
- Make the payments to the invoices as per the agreement
- Resolve the issues ( if any  ) regarding the invoice payments

Supplier should follow the check list.

1. He should create confidence in the client mind
2. Services to be done (fulfilled in time)
3. Services to be done according the specification of the client
4. He should be placed the another order by doing the above three steps

Debenture holder are those who provides long term loan at specific interest rate in term of cash and creditor provides only short term credit in term of cash for purchasing of goods.

Excess payment to supplier is treated as Advance paid to supplier. This will show as debit balance in supplier account.

Supplier can send the payment by way of cheque / demand draft without adjusting in his subsequent bills.

Liabilities are what all u owe from the bank on notes payable or in other words it is:

Liability=Asset-Owners equity

what company owes that is liability. liability = Asset-capital

Following steps should be taken

>Validate the invoice once it is matched for checking any holds..

>If workflow is implemented , Initiate approval for the invoice. Once the invoice is approved/Approrval not required(status in case WF is not implemented) you can go for payments.

>Create accounting after approval of invoice..

Finally for payments you need to format, build
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Before making payment

the following steps should be taken
1. invoice amt, date, qty, quy,
2. invoice duplication or not
3. rectification of any Errors in invoice
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Before hand over the invoice or dispatch the materials
1.we have to receive perchase order from the customer
2.Then PDC cheque, cash or current dated chq for dispatch the materials
3.have to take signature from the customer for the proof of goods recieve
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We must check the invoice thoroughly.
(1) Date of Invoice
(2)Qty,Rate,Tax Levid

Accounts Payable is a short term liability of an organization. It's a process by which a company buys goods and services on credit and is billed in the form of an invoice, which states the terms and conditions of the payment. Accounts Payable is recorded as a current liability in the balance sheet. All accounts paayble entries are to be coded under the right G/L accounts to have an accurate picture of the company's short term liability.

1. Initialization
2. At selection-screen
3. Start-of-selection
4. End-of-selection
5. Top-of-page
6. End-of-page
7. At line-selection
8. At user-command
9. At PF
10. Get
11. At New
12. At LAST
13. AT END
14. AT FIRST