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  2. How Accounts Payable Are Recorded on a Balance Sheet - AOL

    www.aol.com/accounts-payable-recorded-balance...

    Accounts payable access simplifies business processes. A company often needs to procure goods and services from vendors. If the vendor allows the company to accept the good or service without ...

  3. Accounts payable - Wikipedia

    en.wikipedia.org/wiki/Accounts_payable

    It is the reference point for accounts payable when it comes to paying invoices. [8] In addition, most companies require a second signature on cheques whose amount exceeds a specified threshold. Accounts payable personnel must watch for fraudulent invoices. In the absence of a purchase order system, the first line of defense is the approving ...

  4. Accounting information system - Wikipedia

    en.wikipedia.org/wiki/Accounting_information_system

    For example, consider the accounts payable department when processing an invoice. With an accounting information system, an accounts payable clerk enters the invoice, provided by a vendor, into the system where it is then stored in the database. When goods from the vendor are received, a receipt is created and also entered into the AIS.

  5. Invoice processing - Wikipedia

    en.wikipedia.org/wiki/Invoice_processing

    Once an invoice arrives, the accounts payable clerk must ensure that the document is indeed an invoice. Then the clerk classifies and sorts the invoice into various categories (e.g., by vendor, by transaction type, or by department). The definition of invoice categories is usually unique to a specific organization.

  6. Bookkeeping - Wikipedia

    en.wikipedia.org/wiki/Bookkeeping

    Separate account records are maintained for petty cash, accounts payable and accounts receivable, and other relevant transactions such as inventory and travel expenses. To save time and avoid the errors of manual calculations, single-entry bookkeeping can be done today with do-it-yourself bookkeeping software.

  7. General ledger - Wikipedia

    en.wikipedia.org/wiki/General_ledger

    In bookkeeping, a general ledger is a bookkeeping ledger in which accounting data are posted from journals and aggregated from subledgers, such as accounts payable, accounts receivable, cash management, fixed assets, purchasing and projects. [1] A general ledger may be maintained on paper, on a computer, or in the cloud. [2]

  8. Accounting - Wikipedia

    en.wikipedia.org/wiki/Accounting

    Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]

  9. List of AICPA Audit and Accounting Guides - Wikipedia

    en.wikipedia.org/wiki/List_of_AICPA_Audit_and...

    Analytical procedures, with conforming changes as of May 1, 2001 full-text: 03-04: 2004: Analytical procedures, with conforming changes as of May 1, 2004 full-text: 03-05: 2005: Analytical procedures, with conforming changes as of May 1, 2005 full-text: 03-06: 2006: Analytical procedures, with conforming changes as of May 1, 2006 full-text: 03 ...

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