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Help reduce delinquent vendor payments by using this process chart example to show the flow of documents, approvals and verifications that are needed to get bills paid in your organization. You can even link to vendor lists, internal forms and more, to have complete documentation of your bill paying process in one place.
Use Creately’s easy online diagram editor to edit this diagram, collaborate with others and export results to multiple image formats.
An accounts payable flowchart is a visual portrayal of the step-by-step accounts payable process. The flow diagram shows how a company handles its AP debts. It outlines all the pivotal elements, such as invoices, documents, and payment processing. Such visuals simplify the troubles of financial payments.
This article covers how you can create your Accounts Payable Process flowcharts with free downloadable templates and diagrams to make your AP process seamless.
Streamline the process of vendor payments by referring to this flowchart example, which highlights the necessary document flow, approvals, and verifications required to settle bills in your organization.
An accounts payable process flow chart is a visual way of outlining the steps in your accounts payable workflow. It's both a step-by-step guide and a roadmap, showing you how each step in the process relates to your broader accounting system.
This accounts payable flowchart example involves four common steps: invoice capture, invoice approval, payment authorization, and payment execution. When a business buys items on credit, its AP department pays vendors, suppliers, and creditors.
