The
Accounts Payable (AP) department is responsible for the auditing
and processing of invoices and payments for The University of Iowa.
Invoices, credits, vouchers, and payments are processed on line
through the Accounts Payable/Purchase Order (AP/PO) System.
Utilizing ACH payment processing
is more efficient for your business and better for the environment.
The Automated Clearing House
(ACH) Network is an electronic batch processing system used
by the Federal Reserve. Instead of using paper to carry necessary
transaction information, (like a check), ACH transactions
are transmitted electronically between financial institutions.
Because ACH is electronic, transactions are processed faster
than paper checks which must be handled manually.
