Accounts Payable Process Flow
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This process flow focuses on vendor management, purchase requisition/PO approval covering non-inventory approval and inventory purchases, invoice processing, cash disbursement, and expense reports. It also includes related risks and controls. In this example, new vendors are added to the vendor master file with an approved purchase requisition. The identified vendor on an approved purchase requisition is reviewed by purchasing. This document should be used as a general guide to understand and review this business process. Organizations should customize this tool to ensure that it reflects their business operations and continuously monitor the process to ensure that the steps described are accurate.
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