Basic understanding of Accounts Payable Upstream and Downstream activities to the commerce and Finance students

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Hello friends,

Today we are going to discuss about the upstream and downstream activities of the accounts payable department.

A. Upstream Activities: -includes

Vendor Master Data, Purchases Order Creation, Receipt of Goods/Services, Booking of Goods Received.


B. Accounts Payable Activities: -includes

Invoice Management, Data Entry, Vendor Master Data, Approvals and Accounts coding (Non-PO),  Dispute resolution, Vendor Payment, Accuracy and Duplicate order, Query Resolution, vendor and GRIR reconciliation.

C. Downstream Activities: -includes

CAsh Application, Bank Sgtatement Booking, General Ledger Closing.

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