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Q: What is the Accounts Payable department responsible for?
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Who is responsible for posting authorized credits to accounts payable?

Accounts Payable clerk


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.


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 can one do with an accounts payable clerk?

An accounts payable clerk is a position where one works in a specific division of an accounting department. An accounts payable clerk is the one that is responsible for making payments on behalf of the company one works for in order for payments to be made on time.


What is trade payable?

A trade payable is another term referred to as an account payable. Most companies have an accounts payable department responsible for making sure money is paid to other parties that the company received a service from.


Three most important reports generated by the accounts payable department?

Three most important reports generated by the accounts payable department?


Responsible for payment?

The Accounts Payable clerk is responsible for providing payment on an account.


If a packing slip shows a shortage what should accounts payable do?

If the packing slip shows a shortage, the accounts payable department should send it back.


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 are the most important reports generated by the accounts payable department?

The 'History of Payment' report is one of the three most important reports generated by the Accounts Payable department. The other two most important reports are the 'Reconciliation of Accounts' report, and the 'Voucher Activity' report.


What are the three most important reports generated by the accounts payable department?

The 'History of Payment' report is one of the three most important reports generated by the accounts payable department. The other two most important reports are the 'Reconciliation of Accounts' report, and the 'Voucher Activity' report.


Are creditors accounts payable or accounts receivable?

Accounts Payable