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Source: https://www.batchmaster.com/blog/importance-accounts-payable-ap-accounts-receivable-ar/

Category: Technology

Tags: Accounting Software, ap & AR

What is ap & ar (Accounts Payable and Accounts Receivable)? Accounts payable (AP) and Accounts Receivable (AR) are two crucial accounting functions that are required by any process manufacturer doing business in today’s world economy. Where AR activities signifies ‘Order to Cash’ process, AP activities signifies ‘Procure to Pay’ process.

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