Introduction Accounts Payable (AP) departments receive invoices for a wide range of goods and services procured by various groups within their organizations. These invoices come from multiple sources and are in different formats. Each invoice must be coded in the company’s financial system and linked to its related purchase source, which could be a work order, purchase order, lease, contract, or project. Once this connection is established, the coded invoice is routed to the responsible party for approval. Upon approval, the invoice returns to the accounting department for payment. If discrepancies are found, the invoice is sent back to the…
