AP Glossary
Essential accounts payable terms and definitions for finance professionals. From 3-way matching to zero-based budgeting.
Accounts Payable (AP)
Money a company owes to suppliers for goods and services received but not yet paid for.
Learn moreAP Automation
Technology that automates accounts payable processes including invoice capture, matching, approval, and payment.
Learn moreApproval Workflow
The defined process for routing invoices to appropriate approvers before payment.
Learn moreAudit Trail
A chronological record of all actions taken on an invoice from receipt through payment.
Learn moreERP Integration
Connecting AP automation software with your Enterprise Resource Planning system for seamless data flow.
Learn moreException Handling
The process of resolving invoices that fail automated validation or matching.
Learn moreEarly Payment Discount
A discount offered by suppliers for paying invoices before the standard due date.
Learn moreBrowse by Category
Core
5 termsProcesses
5 termsMetrics
1 termsCompliance
2 termsTechnology
3 termsHave questions about AP automation?
Our team can explain how these concepts apply to your specific situation.