The main department that processes invoices is known as accounts payable department.

Vigilance in avoiding stealth inflation requires you (or someone else in your household) to act as an accounts payable department, looking over every bill, every month.

Retailers are slower and slower in paying manufacturers for the goods they buy, he said, adding, "They're turning the accounts payable department into a profit center."

For example, consider the accounts payable department when processing an invoice.

It will put the treasury and accounting functions of the different divisions next to each other so that one accounts payable department can serve them all.

As one example, Mr. Hammer cites the Ford Motor Company's accounts payable department.

And those vendors say they have been unable to reach the store's accounts payable department.

After his release in July 1998, he worked in the accounts payable department of an asphalt company.

It will, therefore, be necessary to arrange for the drawing of a cheque by accounts payable department before submission.

The Ford Motor Company was able to cut its 500-member accounts payable department by 75 percent.