Best Practices for the Accounts Receivable Process .
Sep 12, 2018 · Without an effective accounts receivable process, you risk losing out on valuable revenue. If you don't put a process in place for your accounts payable then you could be facing late .This process flow focuses on vendor management, purchase requisition/PO approval covering non-inventory approval and inventory purchases, invoice processing, cash disbursement, and expense reports. It also includes related risks and controls. In this example, new vendors are added to the vendor master file with an approved purchase requisition.