Iâm whatâs known as the best of both worlds â a purrfect combination of two very popular cat breeds, the Persian and the Siamese. And thatâs both for my looks and my personality, which strikes the ideal balance between the Persianâs gentle nature and the Siameseâs affectionate playfulness.
SAP Accounts payable accounting is also called as sub-ledger accounting, as the business transactions are carried out individually in the vendor accounts. All the transactions that are processed in accounts payable are recorded directly in the general ledger account.
Accounts payable is recorded when an invoice is approved for payment. Many companies use âsegregation of duties,â i.e. making sure no single employee can approve a payment alone, to prevent embezzlement. For most businesses, accounts receivable involves the generation of an invoice, which is delivered to the customer.