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Are you worried that AI may replace you and take your job? As someone who creates content about accounts payable and payment issues for a living, this is a topic that hits close to home. But with the advent of ChatGPT, the conversation has reached a new level of urgency and the threat has become more real than ever before. I've put ChatGPT to the test and am here to share my findings with you. From its capabilities to its limitations, I'll give you the inside scoop on what Chat GPT can do for you. I’ve tried it and am here to tell you what it can and cannot do for you. Stick around until the end when I share one way I’m using it and YOU can too. It will make your life a little less stressful. #ChatGPT #accountspayable #accounting

ChatGPT does have a place in accounting, accounts payable, P2P, treasury, audit etc. However, it may not be what you think. Used judiciously, it will make you more effective than ever. Used inappropriately, you’ll end up with egg on your face. Watch this video to find out where you can use it to become more effective – and where NOT to use it!

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 Working in Accounts Payable Playlisthttps://youtube.com/playlist?list=PLtL6rWSXZ-HeNwCTRm4jZIlGKzi8VOwi_

Link to AP Automation Insights Playlisthttps://youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby

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:

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

How to Not Make Mistakes in Accounts Payable is an important topic because mistakes in accounts payable lead to duplicate payments, fraud and incomplete regulatory compliance. Little mistakes in accounts payable can lead to significant financial losses. In this piece, we’ll review some basic ways to avoid errors, practices that are not always followed. Stick around until the end when we discuss two issues that most don’t consider when thinking about mistakes that get made in accounts payable, mistakes that often lead to duplicate payments (which are rarely returned) and worse. #accountspayable #accountspayableprocess #accounting 

Whoever said the Devil is in the details, must have been thinking about accounts payable. But that is only the beginning. There are also bigger issues that can lead to problems if not addressed properly.

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 AP Playlisthttps://youtube.com/playlist?list=PLtL6rWSXZ-HdI07dhxDjdq0XbA8owsVz7

Link to AP Automation Insights Playlisthttps://youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby

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

Accounts Payable Best Practice Month is all about raising awareness of the importance of best practices in accounts payable, and more importantly changing and new best practices. Why does this matter? Bad things happen when best practices not only are ignored but also sometimes put on the back burner, with this philosophy of we’ll make the changes when we have time … which is almost always never. #accountspayable #accountspayablebestpractices #apbestpracticemonth

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 New AP Best Practiceshttps://youtu.be/RRlMPtphC4E

Learn more about AP Best Practice Monthhttps://www.ap-now.com/public/AP-Best-Practice-Month.cfm

Register to receive resources during AP Best Practice Monthhttps://www.surveymonkey.com/r/APBPMonth

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

Vendor credits disappear at an alarming rate. Vendor credits represent real money that is owed your organization, money that can be added right to the bottom line. Yet, this doesn’t always happen. In this piece we take a look at what vendor credits are, how they are created, and some slimy practices some suppliers will use to try and hold onto your vendor credits. Stick around until the end when we discuss how, even when dealing with the most honorable of suppliers, your vendor credits may disappear, that is go up in smoke and We’ll show you how to avoid this. #accountspayable #credits #vendorcredits

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.

Vendor credits generally are overpayments and are funds owed your company, money that will increase your profitability. In this piece we take a look at what vendor credits are, how they are created, and some slimy practices some suppliers will use to try and hold onto your vendor credits.

Link to Common Practices that Guarantee Duplicate Paymentshttps://youtu.be/Ye8sqzmP7KE

Link to Duplicate Payment Avoidance Playlisthttps://www.youtube.com/playlist?list=PLtL6rWSXZ-Hfm-G5d8-CpBsC3xi-nQTn2

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: Mary Schaeffer (www.ap-now.com

Duplicate payments – every company has them although they all wish they didn’t. And before you say, “oh well, the vendor will return them,” let me assure you most don’t. This scourge can be managed, but only if you use best invoice handling practices. There are certain practices, sadly in use in many companies, that will increase the number of duplicate payments. The goal, therefore, is obviously to keep the number as low as possible. But how to do that. We’ll identify several practices that no company should be using – and if you are you should stop it immediately. Make sure you stick around until the end when we discuss one that, at first glance, appeared to be the silver bullet to solve this problem. Regrettably, some still cling to the hope that it works. It doesn’t and we’ll explain why.

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 Duplicate payments that happen at unexpected timeshttps://youtu.be/OODqvjcxfRQ

Link to Duplicate Payment Avoidance Playlisthttps://www.youtube.com/playlist?list=PLtL6rWSXZ-Hfm-G5d8-CpBsC3xi-nQTn2

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: Mary Schaeffer (www.ap-now.com

Wordle stumpers!!!: Do you ever find yourself scratching your head because of one of the letters that Wordle says is in the solution, just doesn’t seem to fit? Somehow, you’re having a temporary thinking block, and have gone through what you think are every possible letter combination and you are still coming up with NOTHING? This is the first part of a series of Wordle tips to help you deal with the Wordle Stumpers. #Wordle #Wordletips #Wordlestrategy

This is Wordle Stumpers Part 1 and focuses on the letters B C D F G H. It is part of a longer series that takes a deeper look into the problems you may have in finding a solution when B C D F G or H are part of the final answer. Wordle – the alphabet series – should help all Wordle players.

Wordle is the game that has been sweeping the Internet. With only one hand each day, players have six chances to guess the daily five-letter word. A green square indicates a correct letter in the correct spot and a yellow letter reveals a correct letter in a different spot.

Follow me on Twitter: @MarySSchaeffer for sparkling commentary to the day’s puzzle; okay, sometimes they are not so sparkling but they are the best I can come up with on the spur of the moment.

Wordle Game Strategy when Stuckhttps://youtu.be/OHmEkVPYFkc

Link to Best Starting Word Revisitedhttps://youtu.be/4FY28GWPddI

Link to the Wordle Play List of All Wordle Videoshttps://www.youtube.com/playlist?list=PLtL6rWSXZ-HefxYm4ymJ0RSWKFC_c9Lys

Link to The Book: Wordle: The Rules, Strategy and Expert Tipshttps://www.ap-now.com/snip/111.htm

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

Interested in learning more about issues impacting accounts payable. Sign up for AP Now’s free ezine at: www.ap-now.com

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

If you are looking to advance your career, be it in accounts payable, accounting or finance, there are certain essential skills you will need. These skills are essential if you wish to advance, that is if you wish to get promoted in accounts payable or accounting. Make sure you stick around until the end when we discuss one that I believe is not only essential, but you won’t succeed without it. #Accountspayable and #accounting #career

The accounts payable skills needed to succeed may not be what you thought they were. As time goes on, the ability to enter data as quickly as possible will be less in demand while other skills will become more important. You can advance your career in accounts payable with these essential skills, the accounts payable skills you need to succeed, the accounts payable skills you need to get promoted.

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 What You Need to Know to Work in Accounts Payablehttps://youtu.be/UGFaUkiNPP0

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: Mary Schaeffer (www.ap-now.com

Accounts payable automation and Invoice automation are hot issue for many accounting and finance teams. Invoice automation or accounts payable automation projects are usually started to improve accounts payable efficiency, reduce invoice processing errors, streamline the accounts payable and/or invoice handling process and generally make a more effective accounts payable function. To ensure success, there are more than a few issues to consider. We will discuss many of them in this piece. Make sure you stick around until the end when we discuss one critical issue that many ignore and it’s the reason many automation projects fail. #accountspayable #invoice #automation

When looking at invoice automation, the invoicing function is ripe for automation. Accounts payable efficiency, which includes accounts payable time management, Cash flow enhancement, reduction of invoice errors, as well as invoice software streamlining accounts payable processes is the goal. This multi-faceted goal for the simple streamlining invoice processes or invoice management is impressive. Invoice processing, key to any accounts payable function requires an invoice automation solution that addresses all these functions..

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 9 Reasons Why Your Automation Project Fails (supplier-related)https://youtu.be/Z3oITKT0LR0

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: Mary Schaeffer (www.ap-now.com

If you like playing wordle but are up for a slightly more advanced challenge, or perhaps just want to find a way to expand the social aspects of the game, we’ve got a few suggestions for you. Make sure to stick around until the end when we share the Bill Gates Wordle Game. #wordlejeopardy #wordletwister #wordle

Wordle's Next Frontier: Are You Up for It? Focuses on several new games you can play (many with friends) after you’ve finished the daily wordle game. Wordle's Next Frontier is a fun look at some wordle after-the-party games that includes a few wordle tips for your wordle game.

Wordle is the game that has been sweeping the Internet. With only one hand each day, players have six chances to guess the daily five-letter word. A green square indicates a correct letter in the correct spot and a yellow letter reveals a correct letter in a different spot.

Link to Bill Gates and Wordlehttps://youtu.be/zwgBhRhdNpw

Follow me on Twitter: @MarySSchaeffer for sparkling commentary to the day’s puzzle; okay, sometimes they are not so sparkling but they are the best I can come up with on the spur of the moment.

Link to Best Starting Word Revisitedhttps://youtu.be/4FY28GWPddI

Link to the Wordle Play List of All Wordle Videoshttps://www.youtube.com/playlist?list=PLtL6rWSXZ-HefxYm4ymJ0RSWKFC_c9Lys

Link to The Book: Wordle: The Rules, Strategy and Expert Tipshttps://www.ap-now.com/snip/111.htm

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

Interested in learning more about issues impacting accounts payable. Sign up for AP Now’s free ezine at: www.ap-now.com

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

Use of personal cards instead of company credit cards is a weak (as opposed to best) expense reporting practice. Yet, it is tolerated in almost half of all organizations despite the fact that these organizations have company cards. In this short episode, we take a quick look at why this is such a bad practice and why it is tolerated. Stick around until the end when we share a nifty trick that will convince your travelers to use the company card, even if the company doesn’t mandate use of the company card instead of a personal card. #expensereport #accountspayable #accounting

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.

Use of personal cards instead of company credit cards is a really poor expense reporting practice. Yet, in almost half of all organizations it is permitted despite the fact that these organizations have company cards. There is a nifty trick that will convince your employees to use the company card, even if the company doesn’t mandate use of the company card instead of a personal card.

Link to Questionable Expense Reporting Practiceshttps://youtu.be/zfimnwx64IE

Link to Expense Reporting Trends: Receiptshttps://youtu.be/ftWRVfF9glQ

Link to Expense Reporting Playlisthttps://youtube.com/playlist?list=PLtL6rWSXZ-HcjS9jyGWaV2-gJV5c1aTv0

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: Mary Schaeffer (www.ap-now.com