Accounts Reconciliation Blog

A flowchart is a diagram or representation of a process presented in the form of boxes. The relationships among data represented by a box are shown by directional arrows. A flowchart is a way of simplifying complicated processes. They are useful in analyzing, designing or managing a process. It can be applied to almost anything including the different aspects of accounting.

An accounts payable flowchart will demonstrate the process flow of the accounts payable process from start to finish. It is a visual way of displaying the sequence of accounts payable activities.
Here’s a sample of a typical accounts payable flowchart:

1. Purchase order to the vendor
2. Receipt of bill
3. Bill recorded to accounts payable
4. Alphabetical filing of bills
5. Payment of bills
6. Issuance of check/ check cutting
7. Staple check stub to the bill
8. File bill with check stub in the paid bills file