Here’s the simple, yet shocking truth that no one talks about: Over one-third of all invoices are not accurate … and you know which way those errors are going … not in your favor. Compounding the problem are invoices that get paid twice – and no, the supplier doesn’t automatically return the second payment – fraudulent invoices and payments made from statements and of vendor credits. Let’s take a look at where and how these problems occur and what you can do to combat them. Stick around until the end when we address the solutions that don’t work, those tactics you think should protect you from paying incorrectly, but don’t actually do what you think they do. #invoices #invoice #accountspayable #accounting

Link to Accounts Payable Issues Everyone Ignores until Disaster Hits https://youtu.be/jU26nsuOVNA

Link to Three Way Match: The Complete Guide https://youtu.be/ysgyRbw3yVk

The Shocking Truth About Invoice Accuracy That Nobody Tells You

Subscribe for more tips and insights like this:

Looking for more of the most current business intelligence about

+ Best practices around your payment and accounts payable function

+ Current and new fraud protection protocols

+ The newest technology impacting your accounting, accounts payable, and payment functions

+ Career advancement

+And much more!!

+++++++++++++++++++++++

See most recent videos at: https://www.youtube.com/@APNow/videos

I’m sure most high-level executives would not agree (at least in public) with what I am about to say about Financial Statements, but that isn’t going to stop me. Here it is. When a public company has unpleasant information that it is obliged to divulge to its shareholders and would prefer not to be questioned about, they will often bury it in the notes to the Financial Statement, if at all possible – which means, if their auditors will allow them to. Clearly not all companies do this, but many do. That’s just one of the many reasons, savvy investors and others devour the notes to the financial statement with great relish. You should do the same. #notestofinancialstatements #fifthfinancialstatement #finacialstatements #accounting

Link to Balance Sheet and Income Statement A Beginners Guide https://youtu.be/Prv1UER1VI4

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

Looking for more of the most current business intelligence about

+ Best practices around your payment and accounts payable function

+ Current and new fraud protection protocols

+ The newest technology impacting your accounting, accounts payable, and payment functions

+ Career advancement

+And much more!!

+++++++++++++++++++++++

See most recent videos at: https://www.youtube.com/@APNow/videos

See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB

Purchase orders are those very common documents that impacts many different departments within an accounting organization – from the purchasing professionals who create them, to the sales department who receives them and sees to the fulfillment of the order, to the billing department who creates the invoice associated with that purchase order and finally to the accounts payable team who uses that purchase order as part of their invoice verification process. Let’s take an in-depth look at exactly how POs work and what can and frequently does go wrong when they are not used correctly. We’ll also investigate blanket POs and the problems associated with this popular approach. #purchaseorder #purchaseorders #blanketpurchaseorder #PO

Link to Three Way Match: The Complete Guide https://youtu.be/ysgyRbw3yVk

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

Looking for more of the most current business intelligence about

+ Best practices around your payment and accounts payable function

+ Current and new fraud protection protocols

+ The newest technology impacting your accounting, accounts payable, and payment functions

+ Career advancement

+And much more!!

+++++++++++++++++++++++

See most recent videos at: https://www.youtube.com/@APNow/videos

See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB

Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V

Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_

Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby

Blinded by the administrative ease and the back-office cost savings, many accounting and accounts payable professionals embrace recurring payments without setting up the appropriate controls to prevent some very common mistakes … and these errors can be quite costly indeed. We’re going to address some of the problems recurring payments introduce into the payment process and then the best practices you can use to make sure these issues don’t occur in your organization. #payments #recurringpayments #accounting #treasury #creditcards

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

Link to Blanket Purchase Orders Explained https://youtu.be/RK8Vfp4lXZs

Sales tax holidays are one more way to save a few dollars, both for yourself personally as well as your business. They are not offered in every state, in fact some of the larger states, like New York and California, don’t seem to have them, although Texas and Massachusetts do. We’re going to do a very brief run-down of the holidays we know about and then tell you what to do if you think you might be able to take advantage. Unsurprisingly, the dates and items covered also vary by state.

Link to Crushing Imposter Syndrome https://youtu.be/nKfVtwRLeJY

#salestax #salestaxholiday #salestaxholidays

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

Looking for more of the most current business intelligence about

+ Best practices around your payment and accounts payable function

+ Current and new fraud protection protocols

+ The newest technology impacting your accounting, accounts payable, and payment functions

+ Career advancement

+And much more!!

+++++++++++++++++++++++

See most recent videos at: https://www.youtube.com/@APNow/videos

See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB

Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V

Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_

Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby

9 Unique and Powerful Interview Tips - ace your job interview by utilizing these simple strategies

Link to End of Job Interview Questions And Answers [Winner Secrets] https://youtu.be/v6jekPb7nZc

#jobinterview #interviewtips #accountspayableinterview

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

Looking for more of the most current business intelligence about

+ Best practices around your payment and accounts payable function

+ Current and new fraud protection protocols

+ The newest technology impacting your accounting, accounts payable, and payment functions

+ Career advancement

+And much more!!

+++++++++++++++++++++++

See most recent videos at: https://www.youtube.com/@APNow/videos

Is that invoice ready for payment? In accounts payable, best practice accounting organizations like to say, A good invoice gets a good payment. What makes an invoice good? It’s a lot more complicated than it might seem. Best practice accounts payable teams look at 8 different factors. Let’s look at them together. #accountspayable #threewaymatch #invoice #accounting

Link to The Three-Way Match: Comprehensive Guide

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

See most recent videos at: https://www.youtube.com/@APNow/videos

Costly overlooked issues that no one talks about could derail your accounts payable or accounting automation project. But once you know what they are, you can work around them AND recognize them when they arise.

Link to The Managing Interruptions Survival Guide https://youtu.be/lAaVtX1Y1vU

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

Looking for more of the most current business intelligence about

+ Best practices around your payment and accounts payable function

+ Current and new fraud protection protocols

+ The newest technology impacting your accounting, accounts payable, and payment functions

+ Career advancement

+And much more!!

+++++++++++++++++++++++

See most recent videos at: https://www.youtube.com/@APNow/videos

See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB

Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V

Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_

Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby

Are the trial balance and the balance sheet the same thing? Of course not. But, confusion between the two is more common than you might imagine. Let’s take a look at both of them so you understand what they are, how each is used and how they are different. They are both used in accounting, accounts payable and finance. But that is about where the similarity ends. Make sure you stick around until the end when we discuss the one critical difference few hone in on. And it is important. #trialbalance #balancesheet #accounting #accountspayable

Link to Avoiding Mistakes in the Trial Balance https://youtu.be/lZi5SNe7qYw

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

Looking for more of the most current business intelligence about

+ Best practices around your payment and accounts payable function

+ Current and new fraud protection protocols

+ The newest technology impacting your accounting, accounts payable, and payment functions

+ Career advancement

+And much more!!

+++++++++++++++++++++++

See most recent videos at: https://www.youtube.com/@APNow/videos

ookkeeping and accounts payable are closely connected, with many bookkeepers performing the accounts payable function. This guide is designed to ensure those doing that do so in a efficient and effective manner, while protecting against fraud and collecting all data necessary for complete regulatory compliance. This is harder than it sounds. #bookkeeping #bookkeepingtraining #accountspayable

Link to Accounts Payable Accounting A Guide to Almost Everything https://youtu.be/dGJP6V5J9as

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

Looking for more of the most current business intelligence about

+ Best practices around your payment and accounts payable function

+ Current and new fraud protection protocols

+ The newest technology impacting your accounting, accounts payable, and payment functions

+ Career advancement

+And much more!!

+++++++++++++++++++++++

See most recent videos at: https://www.youtube.com/@APNow/videos

See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB

Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V

Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_

Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby