Why is no one talking about the increase in the workload of almost every accounts payable department. We keep hearing about smaller accounts payable departments due to the “supposed” decrease in work thanks to automation. But that does not address the very real issue of the increased workload every best practice organization has – often thanks to automation as I’ll explain. For if organizations don’t address these issues, they’ll end up with frauds so massive they could sink the entire company. Make sure to stick around until the end when I address the not only the obvious headache, but the offshoot of it, which few fully appreciate. #accountspayable #accountspayableautomation #accountspayablebestpractices

The accounts payable invoice process is critical to the success of the accounts payable function. The three-way match concept is the standard approach used in accounts payable departments across the country, or at least those that use accounts payable best practices. It involves comparing the purchase order vs invoice and the receiving document and is a strong accounts payable internal control.

Link to Change of Bank Accounts Requests: The Best Practicehttps://youtu.be/5gy4WHO9dAo

Link to Can You Find the Phony eMail address: https://youtu.be/8IkeqkkQ2Do

Link to Accounts Payable Month Playlist (long and shorts) https://youtube.com/playlist?list=PLtL6rWSXZ-HdXQrxOFqXLPw5t0g7YjhVh

Link to Can You Spot the Phony Email Address https://youtu.be/8IkeqkkQ2Do

Link to Accounts Payable Best Practice Playlisthttps://youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V

Link to Changing Invoice Best Practice Playlist https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Link to Accounts Payable Internal Controls Playlisthttps://youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_

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#accountspayable #procuretopay #p2p #purchaseledger #Accounting #accountspayableprocess #accountspayablebestpractices #bestpracticesforaccountspayablemanagement