Accounts Payable

Accounts Payable is responsible for managing outgoing payments, ensuring vendors, suppliers, and employees are compensated accurately and on time. They handle financial obligations, verify expenditures, and maintain relationships with external partners. Their duties include:

• Reviewing and processing invoices for payment.
• Ensuring compliance with financial policies and contract agreements.
• Reconciling transactions and maintaining expense records.
• Managing vendor relationships and negotiating payment terms.
• Overseeing reimbursement processes for employee expenses.

Their role is essential in maintaining the organization’s financial integrity, preventing errors, and ensuring timely payments.