# Accounts Payable and Receivable

*/Departments/Accounts_Payable_and_Receivable*

## Neighborhood

### Parent

- [Professional Services Firm](/CompanyTypes/Professional_Services_Firm) — parent · CompanyTypes

### Siblings

- [Accounting](/Departments/Accounting) — siblings · Departments
- [Administration](/Departments/Administration) — siblings · Departments
- [Bid and Proposal Management](/Departments/Bid_and_Proposal_Management) — siblings · Departments
- [Billing](/Departments/Billing) — siblings · Departments
- [Brand and Communications](/Departments/Brand_and_Communications) — siblings · Departments
- [Communications and PR](/Departments/Public_Relations_Marketing) — siblings · Departments
- [Compensation](/Departments/Compensation) — siblings · Departments
- [Compensation and Benefits](/Departments/Compensation_and_Benefits) — siblings · Departments
- [Contract Management](/Departments/Contract_Management) — siblings · Departments
- [Contracts](/Departments/Contracts) — siblings · Departments
- [Direction](/Departments/Direction) — siblings · Departments
- [Diversity, Equity, and Inclusion](/Departments/Diversity,_Equity,_and_Inclusion) — siblings · Departments
- [Employee Experience](/Departments/Employee_Experience) — siblings · Departments
- [Finance Department](/Departments/Finance_Department) — siblings · Departments
- [General Accounting](/Departments/General_Accounting) — siblings · Departments
- [HR Information Systems](/Departments/HR_Information_Systems) — siblings · Departments
- [HR Operations](/Departments/HR_Operations) — siblings · Departments
- [Human Resources](/Departments/Human_Resources) — siblings · Departments
- [IT Business Relationship Management](/Departments/IT_Business_Relationship_Management) — siblings · Departments
- [Internal Communications](/Departments/Internal_Communications) — siblings · Departments
- [Learning And Development](/Departments/Learning_And_Development) — siblings · Departments
- [Management Accounting](/Departments/Management_Accounting) — siblings · Departments
- [Marketing Department](/Departments/Marketing_Department) — siblings · Departments
- [Marketing Operations](/Departments/Marketing_Operations) — siblings · Departments
- [People Analytics](/Departments/People_Analytics) — siblings · Departments
- [People Strategy](/Departments/People_Strategy) — siblings · Departments
- [Performance Management](/Departments/Performance_Management) — siblings · Departments
- [Portfolio Management Office](/Departments/Portfolio_Management_Office) — siblings · Departments
- [Project Management Office](/Departments/Project_Management_Office) — siblings · Departments
- [Real Estate and Facilities](/Departments/Real_Estate_and_Facilities) — siblings · Departments
- [Real Estate and Workplace](/Departments/Real_Estate_and_Workplace) — siblings · Departments
- [Sales and Marketing](/Departments/Sales_and_Marketing) — siblings · Departments
- [Service Innovation](/Departments/Service_Innovation) — siblings · Departments
- [Strategic Workforce Planning](/Departments/Strategic_Workforce_Planning) — siblings · Departments
- [Strategy and Operations](/Departments/Strategy_and_Operations) — siblings · Departments
- [Talent Acquisition](/Departments/Talent_Acquisition) — siblings · Departments
- [Talent Development](/Departments/Talent_Development) — siblings · Departments
- [Talent Management](/Departments/Talent_Management) — siblings · Departments
- [Training and Development](/Departments/Training_and_Development) — siblings · Departments
- [Travel Management](/Departments/Travel_Management) — siblings · Departments
- [Travel and Expense](/Departments/Travel_and_Expense) — siblings · Departments
- [Workforce Planning](/Departments/Workforce_Planning) — siblings · Departments

### Related (delivered by)

- [Perform financial settlements](/Processes/Perform_financial_settlements) — delivered by · Processes

### Measured by

- [Cash-to-cash cycle time in days](/Metrics/Cash-to-cash_cycle_time_in_days) — measured by · Metrics
- [Billing Exception Rate](/Metrics/Billing_Exception_Rate) — measured by · Metrics
- [Days sales outstanding](/Metrics/Days_sales_outstanding) — measured by · Metrics
- [Days payable outstanding](/Metrics/Days_payable_outstanding) — measured by · Metrics
- [Cash Application Accuracy Rate](/Metrics/Cash_Application_Accuracy_Rate) — measured by · Metrics
- [Invoice Cycle Time](/Metrics/Invoice_Cycle_Time) — measured by · Metrics

### Processes it runs

- [Payment Collection and Delinquency Outreach](/Processes/Payment_Collection_and_Delinquency_Outreach) — runs · Processes
- [Process accounts payable (AP)](/Processes/Process_accounts_payable_(AP)) — runs · Processes
- [Invoice customer](/Processes/Invoice_customer) — runs · Processes
- [Accounts Receivable Aging Follow Up](/Processes/Accounts_Receivable_Aging_Follow_Up) — runs · Processes
- [Apply cash remittances](/Processes/Apply_cash_remittances) — runs · Processes
- [Reconcile Payables and Receivables Ledgers](/Processes/Reconcile_Payables_and_Receivables_Ledgers) — runs · Processes

### Staff

- [Transactional Finance Manager](/JobTypes/Transactional_Finance_Manager) — staff · JobTypes
- [Billing Specialist](/JobTypes/Billing_Specialist) — staff · JobTypes
- [Collections Specialist](/JobTypes/Collections_Specialist) — staff · JobTypes
- [Office Accountant](/JobTypes/Office_Accountant) — staff · JobTypes
- [Accounting Coordinator](/JobTypes/Accounting_Coordinator) — staff · JobTypes
- [Bookkeeper](/JobTypes/Bookkeeper) — staff · JobTypes
- [Billing and Collections Specialist](/JobTypes/Billing_and_Collections_Specialist) — staff · JobTypes
- [Accounts Payable and Receivable Clerk](/JobTypes/Accounts_Payable_and_Receivable_Clerk) — staff · JobTypes

### Part of

- [Family-Owned Business](/CompanyTypes/Family-Owned_Business) — part of · CompanyTypes
- [Small and Medium Business](/CompanyTypes/Small_and_Medium_Business) — part of · CompanyTypes

### Problems this exposes

- [can't tie a single counterparty's net balance because the AP and AR subledgers close independently](/Problems/can't_tie_a_single_counterparty's_net_balance_because_the_AP_and_AR_subledgers_close_independently) — exposes problem · Problems
- [collections duns a customer while the dept is simultaneously releasing that same party's supplier payments, with no offsetting payment hold](/Problems/collections_duns_a_customer_while_the_dept_is_simultaneously_releasing_that_same_party's_supplier_payments,_with_no_offsetting_payment_hold) — exposes problem · Problems
- [a counterparty that is both customer and supplier never net-settled because cash application and supplier-invoice processing never cross-reference the same entity](/Problems/a_counterparty_that_is_both_customer_and_supplier_never_net-settled_because_cash_application_and_supplier-invoice_processing_never_cross-reference_the_same_entity) — exposes problem · Problems
- [disputed balances chased as delinquent because dispute status isn't separated from true past-due](/Problems/disputed_balances_chased_as_delinquent_because_dispute_status_isn't_separated_from_true_past-due) — exposes problem · Problems
- [invoices not validated against contract pricing and milestone terms, seeding downstream short-pays](/Problems/invoices_not_validated_against_contract_pricing_and_milestone_terms,_seeding_downstream_short-pays) — exposes problem · Problems
- [customer AP-portal submission rules vary, so invoices reject and restart the DSO clock](/Problems/customer_AP-portal_submission_rules_vary,_so_invoices_reject_and_restart_the_DSO_clock) — exposes problem · Problems
- [remittance-light payments dumped to on-account, aging as unapplied cash no one researches](/Problems/remittance-light_payments_dumped_to_on-account,_aging_as_unapplied_cash_no_one_researches) — exposes problem · Problems
- [Reconcile Payables and Receivables Ledgers can't tie a single counterparty's net balance because the AP and AR subledgers close independently](/Problems/Reconcile_Payables_and_Receivables_Ledgers_can't_tie_a_single_counterparty's_net_balance_because_the_AP_and_AR_subledgers_close_independently) — exposes problem · Problems
- [cash-position forecast breaks: inbound-collection timing and outbound supplier-payment timing sit in separate process queues that never combine](/Problems/cash-position_forecast_breaks:_inbound-collection_timing_and_outbound_supplier-payment_timing_sit_in_separate_process_queues_that_never_combine) — exposes problem · Problems
- [counterparty that is both customer and supplier never net-settled because Apply Cash Receipts and Process Supplier Invoices never cross-reference the same entity](/Problems/counterparty_that_is_both_customer_and_supplier_never_net-settled_because_Apply_Cash_Receipts_and_Process_Supplier_Invoices_never_cross-reference_the_same_entity) — exposes problem · Problems
- [Pursue Overdue Collections duns a customer while the dept is simultaneously releasing that same party's supplier payments, with no offsetting payment hold](/Problems/Pursue_Overdue_Collections_duns_a_customer_while_the_dept_is_simultaneously_releasing_that_same_party's_supplier_payments,_with_no_offsetting_payment_hold) — exposes problem · Problems
- [disputed-deduction (chargeback) research scattered across email threads](/Problems/disputed-deduction_(chargeback)_research_scattered_across_email_threads) — exposes problem · Problems
- [vendor-master changes unverified, opening payment-fraud exposure](/Problems/vendor-master_changes_unverified,_opening_payment-fraud_exposure) — exposes problem · Problems
- [cash application of incoming payments to open invoices done by hand](/Problems/cash_application_of_incoming_payments_to_open_invoices_done_by_hand) — exposes problem · Problems
- [three-way match of PO, receipt, and invoice breaks on quantity or price variance](/Problems/three-way_match_of_PO,_receipt,_and_invoice_breaks_on_quantity_or_price_variance) — exposes problem · Problems
- [early-payment discounts missed when invoices route slowly for approval](/Problems/early-payment_discounts_missed_when_invoices_route_slowly_for_approval) — exposes problem · Problems
- [duplicate-invoice payments slip through manual AP review](/Problems/duplicate-invoice_payments_slip_through_manual_AP_review) — exposes problem · Problems
- [aging-AR collections prioritized off stale spreadsheet snapshots](/Problems/aging-AR_collections_prioritized_off_stale_spreadsheet_snapshots) — exposes problem · Problems