In any organization, the Finance department plays a crucial role. Oracle Fusion Accounts Payable and Oracle Fusion Accounts Receivable are two important modules. In simple words, Accounts payable are considered to be a liability, and Accounts Receivable is Assets. If the organization does not capture all transactions involved in AP (Accounts Payable) and AR (Accounts Receivable) in a proper format, we will not be able to achieve monthly and yearly tangible Goals. In small or medium companies, AP and AR activities are taken care of by the same team. When it comes to big companies, AP and AR teams work independently. In this article, I will be talking about the Accounts Payable section, what are the roles and responsibilities, how organizations perform Accounts Payable activities, etc. Most of the companies, the Accounts payable team is called an “AP Team”. Organization cannot perform their activities without purchasing services or goods from different sources. When it comes to the...