GFEBS L251E Accounts Payable Process Overview

any person including employees or org that provides goos or services to the army and must be paid Invoice commercial doc that a seller issures to a buyer. the invoice indicates the products, qty, and agreed upon pricwes for products or services that the seller has already provided the buyer Electronic Funds Transfer (EFT payment method that provides automatic electronic transferral of funds both payments and collections thereby eliminating the need for a written check Miscellaneous Payments non contractural venddor invoices processed in gfebs Prompt Payment Act (PPA statute that requires fed agencies to pay their bills on a timely basis to pay interest penalties when payment are made late, and to take discounts only when payments are made by the dicount date Matching actions of comparing a vendor invoice to the other gfebs doc for verification and authorization including the purchase order funds commitment and goods receipt docmument Blocked Invoice non contractual vendor invoices processed in gfebs Payment Program program that generats the payments identified in the payment proposal Payment Proposal display of proposed vendor invoice payments based on user difined selection parameters. the payment proposal differentiates between the various types of payments to be made