Accounts Payable Glossary | Key Terms to Understand the AP,
This accounts payable glossary, which will be updated regularly, helps AP professionals to properly define key industry terms and better understand the AP process. Learning the lingo is the first step toward success in accounts payable. The talk of the trade includes specific terminology every AP professional should know.Flowchart To Understand Accounts Payable Process,In Accounts Payable and Spending Chain, it is important that you understand the steps of the end-to-end process. The process begins with the creation of a PR and ends when the payment is made either in the Automated Disbursing System (ADS) or Deployable Disbursing System (DDS).Understanding Accounts Receivable process flow - Oracle,,Understanding Accounts Receivable process flow Before we start our discussion of Accounts Receivable processes, let's first understand two most commonly used AR terms: pending items and items. We said earlier that customer invoices are interfaced from the Billing module (although it is not the only source for AR).