Examples of accounts payable include accounting services, legal services, supplies, and utilities. Accounts payable are usually reported in a business' balance sheet under short-term liabilities. To unlock this lesson you must be a Study.com Member.What are the duties of accounts payable?
Job Duties. The primary function of an accounts payable clerk is to ensure that a company’s bills are paid on time and that the company is not overcharged for any service. The accounts payable person is usually responsible for tasks like: Sometimes the accounts payable person is also responsible for accounts receivable.What is the job description of accounts payable?
Accounts Payable Job Description. An accounts payable administrator or clerk is generally responsible for processing invoices and issuing payments. A number of related tasks are included in this function. Adapt the sample job description to reflect the accounts payable duties, responsibilities and skills required for this position in your company.What is the objective of accounts payable?
Another one of the accounts payable goals and objectives is to operate in support of all the other accounting functions. This means not only recording expenses and printing checks quickly, but providing support to other areas of accounting as needed.