AP Process

What is the most criticality part or process for AP?
What is delegation of authority in term of AP process?

Questions by rattan_76

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suren1206

  • Dec 7th, 2010
 

The most critical part of AP process is "verification" of goods / services as per invoice. Whether it is thru' certification of the concerned team which has raised the PO or by confirmation of the Stores Department having received the material - depending on the nature of invoice - it is important for a Payables team member to look into this before starting to vet the other aspects of the invoice.

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