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Think you know what an e-invoice is? You may be surprised. What is an electronic invoice or what is an e-invoice is a hotly debated topic. Even the experts sometimes disagree on the simple issue of what is an e-invoice. This issue is a serious one for global organizations and anyone impacted by ViDA proposals. This is an issue every finance and accounting (especially AP and AR) must be up to date on. This short excerpt comes from a longer discussion between AP Association’s Jamie Radford, Pagero’s Matt Hammond and AP Now’s Mary Schaeffer. #invoice #electronicinvoice #accountspayable

Link to the entire discussion on E-invoice and the new government legislations surrounding the issue https://www.youtube.com/watch?v=eThPJCFjw4g&t=1070s

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!!

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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 Other ++++++++++++++++++++++++++++++++++

Website: https://www.ap-now.com/

Linkedin AP Now: https://www.linkedin.com/company/ap-now/

Twitter: https://twitter.com/Accountspayable

More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable Facebook: https://www.facebook.com/AccPayNow

Wonder what career steps led two successful career executives to start and association and a content creation and education business focused on issues related to accounts payable? Do you think their experiences were very different than your own? Do you think that they never did anything stupid or made mistakes? Think again. As part of AP Appreciation Week, Jamie and Mary sat down for an interview with Stewart Giffith where they shared the lessons they’ve learned on their career journey. You may be surprised to find out that it’s not very different than your own. Make sure you stick around until the end when they share what they would tell their younger selves, if they had the chance. I’m guessing it’s not what you’d expect. #accountspayable #career #accounting

Link to: US UK S-Ox [Tips on Starting a New Project] https://youtu.be/2ROdsnxFcDY

Link to Payment Discussion Highlights: Common Myths Eviscerated https://youtu.be/iq5FrFnK9RU

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!!

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

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

Host Mary Schaeffer (www.ap-now.com) Guest Jamie Radford (https://www.linkedin.com/in/jamieradford/) Guest Stewart Griffiths (https://www.linkedin.com/in/stewartgriffiths1/)

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 Other ++++++++++++++++++++++++++++++++++

Website: https://www.ap-now.com/

Linkedin AP Now: https://www.linkedin.com/company/ap-now/ Twitter: https://twitter.com/Accountspayable More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable Facebook: https://www.facebook.com/AccPayNow

This session focuses on the what is your greatest weakness interview question. It is one of the most frequently asked accounting interview questions. This is part of a sporadic series on interview questions and responses for those who work in, manage or have responsibility for an accounts payable, accounting, finance, payment or treasury function.

Link to Advance Your Career in Accounting and Accounts Payable with These Essential Skillshttps://youtu.be/AI5T4GXcPh0

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.

Ghost card, virtual card, declining balance card, p-card and more. It’s enough to make your head spin. Today, we're diving deep into the world of the many different types of corporate credit cards – at last count we had 10. To help reduce the confusion that some of our accounting, finance, treasury and accounts payable audience might have, Recharged Education’s Lynn Larson is joining us to illuminate the topic.

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

Link to Expense Reporting: The Dark Side of Personal Cardshttps://youtu.be/0Y3TTmu0-qw

Link to AP Now’s Invoice Series https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

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)Guest: Lynn Larson (recharged-education.com)

Whether you are starting a new technology project, getting ready for UK S-Ox or simply trying to update your internal controls, the tips from these industry veterans will help you get your project off on the right foot. Make sure you stick around until the end where we’ve got a resource that will help you figure out if your internal controls are as good as you think they are. #SOX #accountspayable #internalcontrols

Whether starting a new project that focuses on an accounts payable issue, such as Internal Controls: Us UK S-Ox [ARGA], or SOX compliance or SOX audit compliance or even Audit, Reporting and Governance Authority (ARGA) these tips will help. This session is part of a longer session on Internal Controls and S-Ox (both in the US and UK). The link is shown below.

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

 

Link to Pop Quiz Invoice Internal Controlshttps://youtu.be/xUpDs4erAls

Link to whole talk on Internal Controls and S-Ox (both in the US and UK)AP Week - US to UK Sox - YouTube

 

Discussion Participants

Jamie Radford (https://ap-association.com/)

Rachael Long  (https://www.linkedin.com/in/rachael-long-apam-minstlm-99800942/)

Gemma Durham (https://www.linkedin.com/in/gemma-durham-94285155/)

Mary Schaeffer (www.ap-now.com )

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

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

After being pretty staid for many years, the payment process is undergoing some serious changes. The evolution is absolutely amazing. This excerpt from a longer talk (link below), on the major trends sharing the future of payments, focuses on payment evolution and the way companies everywhere are using cards as part of their payment arsenal. During this fast-paced then minute session several common card and payment myths are smashed. Stick around until the end when we share insight on how accounts payable, or for that matter any accounting group, can get involved. #payments #accountspayable #accounting

Recognizing that factor, Jamie Radford, CEO of the Accounts Payable Association, a global organization headquartered in the UK, made sure to include payments as an issue discussed by industry experts as part of AP Appreciation Week. He invited Recharged Education’s Lynn Larson and AP Now’s Mary Scheffer to discuss several related probing payment issues. In this entertaining, yet informative discussion, the challenges and opportunities in the current payment architecture and what lessons can be drawn from Big Tech payment innovations are evaluated with a special focus on cards.

Future Forward Payments might have been another title for this talk.

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

Link to Playlist on Payments and Emerging Payment Issueshttps://youtube.com/playlist?list=PLtL6rWSXZ-HdD-bwCXumxMB64lRKVwm2h

Link to watch entire discussion on Accelerating Payments https://www.youtube.com/watch?v=0cs89y0twTs

Discussion Participants

Jamie Radford (https://ap-association.com/)

Lynn Larson (www.recharged-education.com)

Mary Schaeffer (www.ap-now.com )

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

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

Why am I doing a talk on check washing fraud? If you ever heard a talk by Frank Abagnale on Credit Cards you may have heard him talk about this. This may seem like a relic from the past, a scam that thrived in the bygone eras of the '70s, '80s, and '90s, when check fraud was a booming industry. Yet, there's a twist to this tale. 'Check washing' scams are on the rise, prompting warnings from law enforcement nationwide. Against all hope and expectations, this all but forgotten scam has made a comeback, with a vengeance that no cannot be ignored. #fraud #checkwashing #accountspayable

Changes to the Uniform Commercial Code in the mid-90s resulted in companies taking actions that put a real dent in the big business of check fraud. Unfortunately, it’s back with a vengeance! Make sure you stick around until the end when I share the one tactic YOU can use to help protect yourself against this horrific crime. A trending bank fraud, called check washing, starts when a scammer steals your check - out of the mail - then uses chemicals to "wash" off the ink, fills in their own name and cashes it -- cleaning out your bank account. And worse.

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

Link to Real-Life Fraud: How Hollywood Depicts Accounting Scandals in the Movies

https://youtu.be/dec6bkMhmrE

Link to Check Fraud: Positive Pay [Stop Losses] https://youtu.be/W31n_hPEiSw

Link to Check Signing: Worst Practiceshttps://youtu.be/YYB-ZvQZ1Fo

Link to AP Now’s Invoice Series https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

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)

Have you ever had that sinking feeling in your stomach when you realize (or worse, someone points out in a meeting) that you made a costly mistake in your accounts payable processes that could have been easily avoided? Well, you've got lots of company. In this talk, we'll review the top nightmares, those 13 big easily avoidable AP mistakes, that could be keeping you up at night. What’s more we’ll show you how to avoid them once and for all. In fact, this might be the start of your AP mistake prevention checklist. #accountspayable #accountingaccountspayable #a

Make sure you stick around until the end when we discuss the one really, really simple tactic that everyone should be incorporating into their processes if they are tired of dealing with lost invoices, duplicate payments, late payments and fees and horror or horrors, lost early payment discounts. Whether your team is looking to have accruals explained, or to design an audit process, these tactics will help. They are a regular part of a day in the life of an accountant, a controller and any accounting or accounts payable professional.

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 How to NOT Make Mistakes in Accounts Payable [Avoid Duplicate Payments]https://youtu.be/sTftdsXsVbM

Link to 5 Ways AP Has More Work Despite Automationhttps://youtu.be/6Rs2eYHcKLg

Link to What You Need to Know to Work in Accounts Payable: Was Knew it Was So Complicatedhttps://www.youtube.com/watch?v=UGFaUkiNPP0&t=144s

Link to the Avoiding Duplicate Payment playlisthttps://youtube.com/playlist?list=PLtL6rWSXZ-Hfm-G5d8-CpBsC3xi-nQTn2

Link to Vendor Credits: Why They May Be Disappearing and How to Stop Ithttps://youtu.be/Kog6wm8lr_k

Link to AP Now’s Invoice Serieshttps://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

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

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

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

There’s a reason we call duplicate payments the silent killer. They eat away at the profitability of your organization, making it difficult to figure out why the company isn’t making as much money as everyone thinks it should. You might think that your company has effective systems in place to prevent duplicate payments, but in reality, it’s much easier than you think for these costly errors to slip through the cracks. #accountspayable #payments #accountspayableprocess

Don’t play the blame game. You can reduce your duplicate payment errors by 97%. This has become an even bigger issue in the last few years as the number of invoice copies has skyrocketed. If you want to protect your company's bottom line and improve your financial processes, it's crucial to understand how duplicate payments occur and how you can stop them. The problem starts when your invoices first enter the company. Make sure to stick around until the end when we share that last step, that many miss, often because they don’t realize how important it is. If you want to learn accounting, this is a necessary component.

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 Avoiding Duplicate Payments: How to Reduce Duplicate Payments and Errors https://www.youtube.com/watch?v=jzUXOnaSIv0&t=396s

Link to What You Need to Know to Work in Accounts Payable: Was Knew it Was So Complicatedhttps://www.youtube.com/watch?v=UGFaUkiNPP0&t=144s

Link to the Avoiding Duplicate Payment playlisthttps://youtube.com/playlist?list=PLtL6rWSXZ-Hfm-G5d8-CpBsC3xi-nQTn2

Link to Vendor Credits: Why They May Be Disappearing and How to Stop Ithttps://youtu.be/Kog6wm8lr_k

Link to AP Now’s Invoice Serieshttps://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

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

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

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

You won’t believe how easy these shortcuts are and yet many don’t use them. You know that time is money. And when it comes to managing the accounts payable process, wasted time adds up fast. Luckily, there are simple yet effective hacks that can drastically improve your team's productivity and efficiency. In this video, we'll explore three game-changing hacks that will transform the way you manage your accounts payable process. Make sure to stick around until the end when we share a really simple tactic that can take a lot of the stress out of simple emails.

Whether you use NetSuite, Oracle, SAP, Quickbooks or some other accounting software, accounts payable productivity is important. So, stop searching for What is accounts payable automation and start looking at your basic accounts payable process to identify areas where productivity improvements can be made. They will compliment all your automation efforts. Some part of a day in the life of an accountant or a day in the life of a controller or a day in the life of a CFO should be spent looking for productivity shortcuts.

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

Link to Invoices Without Purchase Orders Can Be Eliminated (What No One Told You) https://youtu.be/zpNocghaDhQ

Link to Automation Headaches – and how to avoid themhttps://youtu.be/IlSK-BG5Xfw

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)