Knowledge Center

The AP Automation Glossary

Plain-language definitions for the terms finance teams meet every day, from invoice capture and three-way match to audit controls.

Showing all 4 terms

2 TERMS

What is a Recurring Invoice? A recurring invoice is an invoice a supplier issues for the same goods or services...

What is Remittance Advice? Remittance advice is a notice a payer sends to a supplier stating which invoices a payment...

1 TERM

What is a Tax Invoice? Tax invoice is an invoice that carries the details a value-added tax (VAT) or goods...

1 TERM

What is Vendor Statement Reconciliation? Vendor statement reconciliation is the process of comparing a supplier’s statement of account with the...