Accounts Reconciliation Blog

Understanding the total accounting process can be challenging. It could therefore be very helpful if you have a guide that you or your accounting staff can refer to. A perfect example is the accounts payable flowchart. This could demonstrate the process flow of the accounts payable process from start to finish. It could serve as a visual document that could describe A/P activities.

Here’s a sample of a typical accounts payable flowchart:

~Purchase order to the vendor
~Receipt of bill
~Bill recorded to accounts payable
~Alphabetical filing of bills
~Payment of bills
~Issuance of check/ check cutting
~Staple check stub to the bill
~File bill with check stub in the paid bills file