AP Fundamentals
Understand what AP does, why it matters, and how it fits into the accounting cycle.
Good evening
You're at the start of your AP journey. Pick a module below to begin.
About 15 hours of learning left to full mastery.
Structured from AP fundamentals to advanced controls. Unlock modules by completing the previous one.
Understand what AP does, why it matters, and how it fits into the accounting cycle.
Invoice anatomy, intake, validation, coding, and exception handling.
Purchase orders, receiving, matching, inventory-related AP concepts, and PO exceptions.
Vendor setup, payment terms, payments, credits, statements, and communication.
Freight terms, charges, billing responsibility, and AP treatment.
GL coding, debits and credits, liabilities, assets, accruals, and AP accounting impact.
Sales tax, use tax, resale and exemption concepts, and AP tax handling.
AP aging, close, accruals, reconciliations, and audit support.
Practice applying AP knowledge to realistic situations and risk-based decisions.
Fraud red flags, approvals, segregation of duties, audit trails, and payment controls.
How AP transactions move through ERP records, posting, holds, queues, and exceptions.
Escalation, documentation, root-cause analysis, and sound AP decisions.
Training a team? Set up your company