In Case of Companies

AP Department is of 2 types

1.OPEX Department

2,CAPEX Department

 

Opex Dept deals with Normal Expenses like Purchase,Office Exp,Salary and Other Direct and Indirect expenses

Capex Dept deals with Purchase of Fixed Assets like Machinery,Building etc as well as their expenses of Capitaization like Machine Installation expenses,Building Construction expenses etc

 

Vendor payments can be in case of both OPEX and CAPEX

 (AP Process is Similar for both CAPEX AND OPEX)

  1. Accounts and Finance
  2. AP and AR Process

About the Author

Davneet Singh's photo - Teacher, Computer Engineer, Marketer
Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 8 years. He provides courses for Maths and Science at Teachoo. You can check his NCERT Solutions from Class 6 to 12.