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APNow episodes

  • Accounts Payable Obsolescence in the Next Three Years [Is Your Job Safe]
    Are you concerned about the future of the accounts payable function – whether you work in, manage or have responsibility for it? Do you want to future proof your job? Then this talk is for you. If you saw the movie, Numbers, you might remember those women, the women who did all the calculations behind the first mission to the moon. They did them by hand and people got in rocket ships and were blasted to the moon based on those calculations. So, they had to be correct. Well, the job of a human computer exists no more. Will the same thing happen to accounts payable? Yes and No. Let me explain. Make sure you stick around until the end when I share the one career move that will spell disaster, if you take it in this environment. #accountspayable #accounting #career
    Perhaps this will make you wonder what the accounts jobs, gone by 2040? It’s a good question along with Is your job future proof? It’s something to think about when preparing interview questions and answers. Whether you are questioning how accounts payable is explained or accounting explained, the issue of the obsolescence of the accounts payable function or the accounting function is something to take into consideration.
    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 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
    9 min
  • Bank Account Best Practices: Fraud Protection
    You are not going to believe how far a bunch of criminals went recently to make an email look legit. I was blown away when I saw it, but upon reflection, it makes a lot of sense – from their standpoint, anyway. Wait until you hear how they started the fraud. It really got me thinking, about the challenges accounting and finance professionals encounter with regards to keeping both their company’s bank accounts and their own personal accounts safe. Make sure you stick around until the end when we share one tactic that you absolutely should not do. And before you say, there’s no way I would ever do that, keep in mind I’m mentioning it because I heard Mr. Beast – one of the most successful young YouTube entrepreneurs mention laughingly that he had done this exact thing … and of course, he’s changed this practice.
    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 FRAUD Alert 13 Warning Signshttps://youtu.be/zPiYdAYaEhA
    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_
    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)
    6 min
  • 5 Ways AP Has More Work Despite Automation
    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_
    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)
    #accountspayable #procuretopay #p2p #purchaseledger #Accounting #accountspayableprocess #accountspayablebestpractices #bestpracticesforaccountspayablemanagement
    8 min
  • Simple Payment Strategy [that Will CHANGE Everything]
    You won’t believe how easy this approach is. Paper checks are a royal pain; not only do the manual processes surrounding them take up a lot of your staff’s valuable time, they are expensive. But still, some of your suppliers still refuse to take any other type of payment. What can you do? We’ve got a simple strategy that costs nothing, and in fact, will make your accounts payable function more efficient, and will finally convince many of those check-loving suppliers to finally get over their love affair with checks for their payments. Make sure you stick around until the end when we share one surprisingly simple way you can expand this strategy so that it will add to your bottom line.
    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 5 Ways to Earn More Early Payment Discounts: Improve the Bottom Linehttps://youtu.be/8dxvSdlOZ6g
    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
    4 min
  • The Truth About Tax-Free States
    Do you think you know all the states with no sales tax? I’ll bet you’ve got it wrong. I’m not saying that to be nasty, but many of these so called “no sales tax” states have found clever ways to collect what amounts to sales tax revenue and they can sneak up on you without warning. In this piece, we’ll take a look at the 5 states that advertise as having so sales tax and show you how they still manage to get their mangy hands on your (and your company’s) hard earned money. Make sure you stick around until the when we break the myth about one way folks think they can save on sales tax that absolutely does NOT work. (sorry)
    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 8 Accounting Misconceptions about Accounts Payable https://youtu.be/1Cp_vfrkSSwLink to Accounting Misconceptions about Accounts Payable
    https://youtu.be/1Cp_vfrkSSw
    Link to Invoices without PO Numbers: They Can Be Eliminated
    https://youtu.be/zpNocghaDhQ
    Link to Eliminating Duplicate Invoices Best Practices
    https://youtu.be/P6n-3gDqAs0
    Link to Accounts Payable Best Practice Playlist
    https://youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
    Link to Accounts Payable Month Playlist (long and shorts) https://youtube.com/playlist?list=PLtL6rWSXZ-HdXQrxOFqXLPw5t0g7YjhVh
    Link to Changing Invoice Best Practice Playlist
    https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh
    Link to Accounts Payable Internal Controls Playlist
    https://youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
    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)
    #accountspayable #procuretopay #p2p #purchaseledger #Accounting #accountspayableprocess #accountspayablebestpractices
    6 min
  • General Ledger Chart of Accounts [accounts payable]
    The Chart of Accounts may not sound like the most exciting topic, but if you're serious about taking your business to the next level, it's a topic you can't afford to ignore. Understanding the Chart of Accounts is a critical step in making sense of your financial statements and gaining control over your finances. In this talk, we'll start with a definition of what the Chart of Accounts is, how it works, and why it's essential for managing your business's finances. We'll also cover common abbreviations and clear up any misconceptions you might have about this important accounting tool. Finally, we'll provide some best practices for setting up and using a Chart of Accounts effectively, so you can take control of your finances and make informed decisions for your business. Stick around until the end when we discuss one common misconception about chart of accounts. #chartofaccounts #accounting #accountspayable
     
    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 Accounting Misconceptions about Accounts Payablehttps://youtu.be/1Cp_vfrkSSw
    Link to Invoices without PO Numbers: They Can Be Eliminated
    https://youtu.be/zpNocghaDhQ
    Link to Eliminating Duplicate Invoices Best Practices
    https://youtu.be/P6n-3gDqAs0
    Link to Accounts Payable Best Practice Playlist
    https://youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
    Link to Accounts Payable Month Playlist (long and shorts) https://youtube.com/playlist?list=PLtL6rWSXZ-HdXQrxOFqXLPw5t0g7YjhVh
    Link to Changing Invoice Best Practice Playlist
    https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh
     
    Link to Accounts Payable Internal Controls Playlist
    https://youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
    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)
    #accountspayable #procuretopay #p2p #purchaseledger #Accounting #accountspayableprocess #accountspayablebestpractices
    8 min
  • Invoice Processing Tips Accounting
    What if I told you that there's a secret to revolutionizing your invoice processing and dramatically improving your efficiency? – and no this is not a pitch for invoice automation. What I’m about to share simple strategies any organization can implement without spending a small fortune. In fact, most of the recommendations don’t involve any expense. Make sure to stick around until the end when we share one cost-free strategy that is a real game changer. #invoice #invoice processing #accountspayable
    Are you tired of the time-consuming and error-prone task of invoice processing? As a concerned professional, you know how critical it is to get this right, but it doesn't have to be a source of frustration. In this video, we share essential tips and tricks for invoice processing that will help you streamline your workflow, save time, and increase accuracy.. Whether you're a seasoned accounting professional or just starting out, these tips will help you stay ahead of the curve and make invoice processing a breeze. Watch now and transform the way you handle your invoice processing!
    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 Invoices without PO Numbers: They Can Be Eliminatedhttps://youtu.be/zpNocghaDhQ
    Link to Eliminating Duplicate Invoices Best Practiceshttps://youtu.be/P6n-3gDqAs0
    Link to Accounts Payable Best Practice Playlisthttps://youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
    Link to Accounts Payable Month Playlist (long and shorts) https://youtube.com/playlist?list=PLtL6rWSXZ-HdXQrxOFqXLPw5t0g7YjhVh
    Insights on Zelle and Fraud Protection from Lynn Larsonhttps://youtube.com/playlist?list=PLtL6rWSXZ-HfUUlK4BpKlaQSFWAXb8nMQ
    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_
    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)
    #accountspayable #procuretopay #p2p #purchaseledger #Accounting #accountspayableprocess #accountspayablebestpractices
    9 min
  • What Is a Purchase Order and How Does It Work?
    Did you know that one simple, silly mistake on a purchase order can cost your organization hundreds of thousands of dollars – if NOT more? Not something that will make most bosses happy. To make sure that doesn’t happen to you, we’ve created this video which explains what purchase orders are and the different kinds of purchase orders. Additionally, we define the four different types of purchase orders. Do you know what they are? Make sure you stick around until the end when we share the one mistake that many make with Purchase Orders when they get to AP – and it’s really easy to avoid, if you know what you’re doing. #accountspayable #purchaseorder #accounting
    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 Eliminating Duplicate Invoices Best Practiceshttps://youtu.be/P6n-3gDqAs0
    Link to Accounts Payable Best Practice Playlisthttps://youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
    Link to Accounts Payable Month Playlist (long and shorts) https://youtube.com/playlist?list=PLtL6rWSXZ-HdXQrxOFqXLPw5t0g7YjhVh
    Insights on Zelle and Fraud Protection from Lynn Larsonhttps://youtube.com/playlist?list=PLtL6rWSXZ-HfUUlK4BpKlaQSFWAXb8nMQ
    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_
    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)
    #accountspayable #procuretopay #p2p #purchaseledger #Accounting #accountspayableprocess #accountspayablebestpractices
    7 min
  • Mastering the Art of Accounts Payable: 5 Proven Strategies
    In today's business world, managing accounts payable (AP) efficiently is crucial for success – both financially and operationally. But with a multitude of invoices, vendors, and payment methods and more, it can be challenging to keep track of everything.
    That's where our video comes in! We'll provide you with expert advice and best practices for mastering the art of accounts payable.
    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 What You Need to Know to Work in Accounts Payable: Who Knew It Was So Complicatedhttps://youtu.be/UGFaUkiNPP0
    Link to Accounts Payable Month Playlist (long and shorts) https://youtube.com/playlist?list=PLtL6rWSXZ-HdXQrxOFqXLPw5t0g7YjhVh
    Link to How Invoice Processing Works in Accounts Payable (4 minutes)https://youtu.be/a95u7vgANbg
    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_
    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)
    #accountspayable #procuretopay #p2p #purchaseledger #Accounting #accountspayableprocess #accountspayablebestpractices #bestpracticesforaccountspayablemanagement
    Link to What You Need to Know to Work in Accounts Payable: Who Knew It Was So Complicatedhttps://youtu.be/UGFaUkiNPP0
    9 min
  • Zelle 2023: How NOT to Get Scammed
    Are you aware of the newest ways crooks have found to exploit folks using Zelle? It boggles the mind. The innovative way criminals continue to exploit all sorts of payment mechanisms continues to astound me. Once again, I’m joined by Lynn Larson of Recharged Education, our go-to source for the latest Zelle scams. She’s here with an update. Make sure you stick around until the end, when she shares tips on how you can protect yourself against this latest atrocity. So, without further ado, let’s dive right in.
     
    As Zelle accounts become more popular, crooks looking to get their hands on your money are getting more innovative and creative. In this episode we discuss yet another innovation criminals are using to defraud ordinary citizens of their hard-earned money. They are doing this using Zelle.
     
    Zelle payments or payments made using the Zelle app are sometimes referred to as Instant Payments or Real Time payments. Although many sign up for Zelle through their bank, the bank does not have ultimate responsibility for these accounts. This has led to a lot of heartache and complaints when there was a fraud or scam perpetrated using a Zelle account.
     
    Don’t let the Zelle dream turn into a Zelle nightmare, because you fell for one of the many Zelle scams. In this episode we review a number of ways crooks are scamming ordinary citizens who just happen to be Zelle users. This handy payment app makes it easy to transfer money from person to person simply by using an app on your phone. But without the proper care and controls, the app can become a nightmare. We take a look at some safety precautions every Zelle user should take to ensure they don’t get Zelle scammed. Stick around until the end when we share an often-overlooked Zelle safety precaution.
     
    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.
    Listen to Lynn Larson’s longer explanation of Zelle Fraudshttps://youtu.be/L02mUitjsKc
    Listen to all our Zelle talkshttps://youtube.com/playlist?list=PLtL6rWSXZ-HfUUlK4BpKlaQSFWAXb8nMQ
    Listen to all our Fraud Protection talkshttps://youtube.com/playlist?list=PLtL6rWSXZ-HdDoB6BEeJK01jA0KOxq23F
    Guest: Lynn Larson (recharged-education.com)
    Host: Mary Schaeffer (www.ap-now.com)
    15 min

About APNow

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Discussions about trends, insights and emerging issues impacting the accounts payable and payment functions