Functions of Account Payable Department

What are the different functions of account payable department?

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nkamuni_mca
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Dec 30th, 2009

The following are the functions of Accounts payable
->Processing vendor invoice
->Clearing the invoices which may have some issues
->Processint the vendor payments
->Handling any issues partaing payments
->Reconciation of AP sub-ledger to GL
->Escheatment activity
->B-notice issuance
->1099 issue