Overview
In WinTeam's AP module, you can perform the primary non-payroll disbursement functions in a company. It is crucial to accurately track and manage accounts payable so that your company can effectively manage its cash flow and stay financially healthy. Proactive management of accounts payable can save your business significant amounts of money. AP activities include recognizing and paying liabilities to third-parties (suppliers, vendors, taxing authorities, etc.) between your company and its Vendors.
Expense administration is usually closely related to AP, and sometimes those functions are performed by the same AP Clerk. The expense administrator verifies employees' expense reports, confirming that receipts exist to support airline, ground transportation, meals and entertainment, telephone, hotel, and other expenses. This documentation is necessary for tax purposes and to prevent reimbursement of inappropriate or erroneous expenses.
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