What process generates vendor bills from existing credit card transactions in Cash Management?

The process that generates vendor bills from existing credit card transactions in Cash Management is through charge payoffs. This process involves taking the transactions associated with credit card expenditures and converting them into vendor bills that need to be paid. Essentially, when you make purchases using a credit card, those transactions must be accounted for in your financial records. Charge payoffs facilitate this by enabling the linking of credit card transactions directly to vendor accounts, thereby creating bills that reflect what is owed to the vendors for the purchases made.

This is crucial for maintaining accurate records and ensuring that the accounting system reflects the actual liabilities of the business. By processing charge payoffs, organizations can streamline their accounts payable workflow and ensure that all purchases are documented and paid accordingly. Other options, like transaction audits and account reconciliations, play different roles in financial management, focusing more on verification and accuracy rather than the direct creation of vendor bills from credit card transactions. Expense tracking, while related to monitoring expenses, does not specifically generate vendor bills from credit card transactions.