AIMS: The difference between payroll and accounts payable
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Where to find Accounts Payable or Payroll within the AIMS system.
If you've been exploring the AIMS system, you might be wondering, what's the difference between accounts payable and payroll? It's a great question — and an important one.
Accounts payable is responsible for processing payments to external vendors and employee reimbursements. This includes things like meals, hotel accommodations, conference fees and a wide range of other work-related expenses.
Payroll pays employees directly for their work and time. This includes salaries and wages, as well as reimbursements for mileage, cellphone allowances and professional fees.
In short:
- Accounts payable: Paying suppliers and reimbursing employee expenses.
- Payroll: Paying employees for their work and specific employee-related allowances.
Where to find Accounts Payable or Payroll within the AIMS system.