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Source document

Accounts payable function

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$\backslash$table$[[$Receiving objective,$],[$Vendor invoice,$]]$

$$ No one person should be able to authorize, account fot, and handle the assets relating to a single transaction.

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To keep track of who to pay, when to pay, and how much to pay your wenders.

A company must ensure that needed goods are ordered and received on a timely basis.

Original records that substantiate the functions throughout the cycle.

Source document provided by the vendor for payment of goods or services rendered.

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To ensure that goods are properly identified and safeguarded.