When Someone Gets Promoted one of the last things anyone thinks about is the Accounts Payable Control Issues. This is unfortunate because not focusing on the control issues leaves the organization at serious risk. In this short talk, we take a look at three places every organization should investigate every time someone gets promoted so the organization is protected. Make sure you stick around until the end when we discuss the one issue NO ONE talks about – and it puts every organization at risk, in a way they never thought about.  #accountspayable #accountspayablebestpractices #accountspayableinternalcontrols

Sadly, upon being promoted, one of the last considerations on anyone's mind is the potential accounts payable control issues. This oversight is unfortunate, as neglecting control issues places the organization in a precarious situation. Thus, in this brief discourse, we shall examine three crucial areas that every organization should scrutinize each time an individual receives a promotion. This will ensure that the organization remains safeguarded. It is highly recommended that you remain attentive until the end, where we shall discuss a critical issue that is seldom addressed, yet its implications for every organization's safety are significant, and often overlooked.

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

Link to Internal Controls That Never Workhttps://youtu.be/JCVR4BFKHwM

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com 

Host: Mary Schaeffer (www.ap-now.com)

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