Accounts payable refers to the function that pays an organization’s bills. If you think this means the team just gets bills (called invoices in the business world) and pays them, you’re in for a rude awakening. With over 25% of all invoices being sent multiple times, an organization that took the “just pay it” approach would be shelling out cash faster than it should. Let’s take a quick look at the accounts payable process.

Link to Accounts Payable Process Tasks Handled by Your AP Team

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

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