Accounts Payable SOPs

These Standard Operating Procedures (SOPs) outline the processes for accounts payable activities. They cover vendor setup and maintenance, invoice processing, purchase order processing, expense reimbursement, payment processing, vendor statement reconciliation, month-end closing, and document retention and archiving. The SOPs aim to ensure accuracy, timeliness, compliance, and efficiency in managing accounts payable tasks. They detail the steps involved in each process, including the necessary documentation, approvals, and record-keeping requirements. The SOPs also emphasize the importance of internal controls, communication, and continuous improvement in the accounts payable function.