What are the steps involved in the Accounts Payable process?
* Receiving the Invoice : Obtain an invoice from the vendor.
* Invoice Verification : Match the invoice with a purchase order and goods receipt note.
* Approval : Get proper authorization for payment.
* Recording the Invoice : Enter the invoice into the accounting system.
* Payment Processing : Process payment on the due date.
* Reconciliation : Reconcile AP balances with vendor statements.
