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Q: What does accounts department consists of?
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What does the accounts payable department do?

The accounts payable is part of a company's accounting department. Accounts payable makes payments to outside firms that supplies it with a service or product.


What are the main functions of the Accounts department?

What are the main functions of the accounts office


Three most important reports generated by the accounts payable department?

Three most important reports generated by the accounts payable department?


How can you get an alert when specific department has past due accounts?

To get an alert when a specific department has past due accounts it is necessary to use an account aging system in bookkeeping. Special software can also be designed to alert a business owner to past due accounts in a department.


How can you get alert when a specific department has past due accounts?

To get an alert when a specific department has past due accounts it is necessary to use an account aging system in bookkeeping. Special software can also be designed to alert a business owner to past due accounts in a department.


Is this true or false that the spending chain process consists of the acquisition process and the accounts payable process?

True, The Spending Chain Process consists of the Acquistion Process and the Accounts Payable process.


What are the duties of the final accounts department in an organisation?

The finance department of a company is responsible for preparing final accounts. The prepare the Balance Sheets and the profit and loss account.


What is the relationship between purchasing department and accounting department?

The power of the purchasing department is greatly influenced by the success of the accounts department. Without accounts to produce revenue, the resources needed for the function of the purchasing simply do not exist. In simpler terms: No money=No purchases.


Functions of accounting department in hotel?

The accounting department in the hotel is responsible for all accounts receivable and accounts payable. They are responsible for balancing the books and making sure everything passes audit.


If a packing slip shows a shortage what should the AP department do?

If the packing slip shows a shortage, the Accounts Payable department should send it back.


What department delt with financial matters?

The department that mostly deals with financial matters is the accounts department. It may also be involved in procurement and budgeting.


How can you get an alert when a specific department has a past due?

To get an alert when a specific department has past due accounts it is necessary to use an account aging system in bookkeeping. Special software can also be designed to alert a business owner to past due accounts in a department.