what exactly does accounts payable do? what are the duties?

Answer 1

accounts payaple, means you are in charge of the bills. Paying them. Paying the vendors.. sometimes even payroll.

Accounts recievable, means you are incharge of collecting money that is owed the company.

Answer 2

Pay the bills. Make sure all the procedures are followed, everything is approved. Figuring out problems such as unused purchase orders (if things are ordered, they should be invoiced or there will be problems later and bills will be turned in late) The main goal in accounts payable is presenting an invoice with the correct back up so that the check is signed.

Answer 3

Pay the bills.

You're in charge of outgoing money. You pay the bills, keep track of payments. Might deal directly with vendors. Sometimes look for cheaper or better services for which the company regularly pays. May look for ways to reduce other costs, such as interest fees on balances due. The exact duties vary with the size of the company and the amount of money involved, but basically you pay the bills.

Answer 4

Accounts payable matches the packing slips etc. of incoming shipments to invoices and pays the invoices. They make sure that all bills are paid on time.

Answer 5

They're kinda of an interface group between their company and the vendors, with respect to billing products and services (they receive invoices, some verify if these are correct (most of times, the dpt that requested the product or service does it), obtain the necessary approvals for the payment of the invoices and to pay them.

Answer 6

Pay the company bills. Make sure the information is right. Check for duplicate payments, frauds. Update vendor information. Talk with vendors if you have problems. You get the picture.

Answer 7

it depends on the size of the company, and the number of employees there are. But the main job is that you take care of accounts that are paid out by that company. That would include payroll. You would probably have to do daily postings, make reports of all monies paid out, etc

Answer 8

The take care of administration of outgoing accounting transactions.

http://en.wikipedia.org/wiki/Accounts_payable

There's a lot to know about it. I hate doing A/P and have the utmost respect for those who do.

I prefer A/R, Accounts Recievable because I can get hardnosed with companies who owe us money.

Answer 9

These are the companies that you owe. It's usually made up of Purchase orders and your payments (your company checks).

Payroll is not incude under that heading or software module.

Accounts receivable is what you get from your customer... you invoice and get paid.

Answer 10

They look at all receivables and Pay the Bills for a Company.