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A check run consists of: Paying invoices. Printing and reviewing the Check Proof List. Printing checks and posting them to the General Ledger.

Recording payments in accounting can otherwise be referred to as accounts payable, which means the total amount a given company owes to companies or suppliers for products or services. Furthermore, the accounts payable balance is reflected in the balance sheet.

Invoice processing by definition is a business function performed by the accounts payable department which consists of a series of steps for managing vendor or supplier invoices from receipt to payment, and recorded in the general ledger.

Payment Run means the processes which occur when a number of invoices are grouped together and paid at the same time. Sample 1.

Recording accounting transactions will provide you with an accurate account record of all your business activity, giving you a true representation of your business finances while helping to ensure that your financial statements are accurate.

Accounts Payable makes several types of payments other than standard invoices to vendors. These include honorarium, stipends, subject study payments, consultants, professional services, Visa payments (Dept of Homeland Security), fellowships, scholarships and student awards.

Accounts Payable Journal Entries refers to the amount payable accounting entries to the creditors of the company for the purchase of goods or services and are reported under the head current liabilities on the balance sheet and this account debited whenever any payment is been made.