Accounts Payable Invoice Processing Flowchart. It is a one full payable cycles. ? The accounts payable process or function is immensely important since it involves nearly all of a company's payments outside of payroll.
It detects the possibility of getting invoiced twice or more and helps curb.
OCR stands for Optical Character Recognition and is the technology that allows software to interpret Invoice Processing Software uses OCR technology and page layout analysis to automatically identify the common data elements in an invoice, such as.
Improving the efficiency of your invoice processing is just a jumping off point to a new, more. Accounts payable is an account within the general ledger representing a company's obligation to Recording Accounts Payable (AP). The accounts payable process or function is immensely important since it involves nearly all of a company's payments outside of payroll.