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2. Accounts payable - Wikipedia

   en.wikipedia.org/wiki/Accounts_payable

   A variety of checks against abuse are usually present to prevent embezzlement by accounts payable personnel. Separation of duties is a common control. In countries where cheques payment are common nearly all companies have a junior employee process and print a cheque and a senior employee review and sign the cheque.

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

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

   If you want to report an accounts payable in your balance sheet, use these two steps as a guide: Receive the bill. After accepting goods or services from a vendor, you’ll likely receive a bill.

4. Invoice processing - Wikipedia

   en.wikipedia.org/wiki/Invoice_processing

   The process usually begins when a supplier's invoice is received. Invoices can be sent via email, postal mail, fax, or EDI. Once an invoice arrives, the accounts payable clerk must ensure that the document is indeed an invoice. Then the clerk classifi

5. Bookkeeping - Wikipedia

   en.wikipedia.org/wiki/Bookkeeping

   This process of transferring summaries or individual transactions to the ledger is called posting. Once the posting process is complete, accounts kept using the "T" format (debits on the left side of the "T" and credits on the right side) undergo balancing, which is simply a process to arrive at the balance of the account.

6. General ledger - Wikipedia

   en.wikipedia.org/wiki/General_ledger

   The main categories of the general ledger may be further subdivided into subledgers to include additional details of such accounts as cash, accounts receivable, accounts payable, etc. The extraction of account balances is called a trial balance. The purpose of the trial balance is, at a preliminary stage of the financial statement preparation ...

7. 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.