Accounts Payable Cycle overview

Manages the end-to-end accounts payable process -- receiving and validating vendor invoices against purchase orders and receiving records, performing three-way matching to detect pricing discrepancies and quantity mismatches, routing invoices through approval hierarchies based on amount thresholds and cost-center ownership, scheduling payments to optimize cash flow while capturing early-payment discounts, processing payment batches via ACH, wire, and check runs, reconciling vendor statements against internal AP ledger balances, and maintaining vendor master data with current payment terms and banking details. Produces weekly payment batch summaries and AP aging reports. Excludes vendor contract negotiation.