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Accounting is often Considered to be a dull job that requires a significant amount of tedious data entry. While accountants do function higher level analysis that requires extensive thought and consideration, these activities can only be performed after the data entry portion of their work is completed. Among the most tedious areas of accounting involves the accounts payable procedure which involves the recording of an extensive number of invoices and investment transactions. Automating a number of those processes can provide people with the capability to significantly lessen the total amount of work required and provides for the ability to perform more comprehensive analysis.<br><br>Advantages of Accounts Payable Automation<br><br>The time savings and Ability to reduce the number of employees in a company (with wage savings) is the primary reason why companies automate portions of the accounts payable procedure. However, this is far from the only reason why accounts payable is automated. Accounts payable automation reduces the capacity for human error and improves on the accuracy of the accounting records. Additionally, it allows companies with the ability to join with their vendors and produce more meaningful relationships with them which may lead to discounts on charges from such vendors.<br><br>Kinds of Automation of Accounts Payable<br><br>Companies can automate Accounts payable in many different different ways. Some companies will integrate Their purchase order procedure with accounts payable and have people request Purchases which are then approved and automatically uploaded as accruals for a Company based on the cost date of the transaction. Then, when invoices Are received, the account payable automation solution will scan the invoice And automatically match this up into the accrual. Expenses are classified by type And posted to the company's trial balance. In addition, options exist for these Accounts payable automation software programs to do analysis and analytics On payables and assist a business to optimize them. Also visit [http://opensourcebridge.org/wiki/Ideas_On_How_To_Choose_Accounts_Payable_Software_For_Your_Business [http://opensourcebridge.org/wiki/Ideas_On_How_To_Choose_Accounts_Payable_Software_For_Your_Business Going to opensourcebridge.org]].