Accounts Payable Policy Template

The purpose of this policy is to establish guidelines and procedures for the management and payment of all accounts payable transactions. This policy ensures timely and accurate payment of invoices, compliance with regulatory requirements, and effective financial management.

Structure:

1. Purpose
2. Scope
3. Definitions
4. Policy
   1. Invoice processing
   2. Payment procedures
   3. Record keeping
   4. Compliance and internal controls
   5. Dispute resolution
   6. Training
5. Responsibilities
6. Policy Review and Update