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

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