AP is Accounts Payable, PTP is Procure to Pay. Cycle of AP includes invoice processing, approval, and payment.

• AP is the process of managing and paying invoices from vendors

• PTP is the end-to-end proces...read more

Three-way matching is an accounts payable process that checks that the details on a purchase order, the supplier's invoice and the delivery receipt match before an invoice is paid. Two-way matching ch...read more