What is the function of the Accounts Payable module in Sage Intacct?

The function of the Accounts Payable module in Sage Intacct is to manage money owed to vendors, which includes invoice processing and payment. This module is essential for businesses to effectively track their liabilities, oversee vendor relationships, and ensure timely payments. By efficiently handling invoices and payments, the Accounts Payable module helps maintain accurate financial records, improve cash flow management, and allow for better budget tracking.

The ability to automate invoice entry, payment approvals, and reporting can further streamline the accounts payable process, resulting in time savings and reduced errors. This focus on vendor management and payment processing distinctly sets this module apart from other financial management functions.