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An accounts payable clerk ensures the companyâs debts to suppliers and creditors are paid accurately and on time. As an employee in this role, your tasks include processing and reconciling invoices and verifying and recording expenses. Depending on the employer, you may or may not provide team leadership and supervisory duties to other personnel.
Effects. When accountants write Paid on Account in the accounts payable section of the general journal, the amount paid affects the liabilities and assets of the company. Because accounts payable is a liability to the company, lowering or eliminating the accounts payable balance decreases company liabilities.ccountants use the phrase Paid on Account in the general journal, also called the general ledger, of a company's accounting documents.