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Accounts Payable Best Practice Fundamentals Explained

As savvy professionals are well aware, your accounts payable (AP) process can make or break your organization’s financial wellbeing. With the increasing complexity of technology, often-tenuous vendor relationships, increasing regulatory demands, and advances in fraud, maintaining a streamlined AP process is not just a requirement—it's a strategic necessity. Perfect for beginners wanting to understand the basics of AP best practices as well as seasoned pros! Today we’re going to take a deep dive into best practices in AP starting with an evaluation of exactly what makes up a best practice. Make sure you stick around until the end when we identify best practices frequently overlooked and those that no organization can afford to ignore. #accountspayable #accountspayablebestpractices #accounting Link to Accounts Payable Internal Control Basics [Some SURPRISES]    • Accounts Payable Internal Control Basics [...   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_con... +++++++++++++++++++++++ See most recent videos at:    / @apnow   See all short tips at:    • Shorts - AP Sound Bites of advice to help ...   Learn more about AP Best Practices; Playlist at:    • Accounts Payable Best Practices   Learn more about Internal Controls in AP; Playlist    • Accounts Payable Internal Controls   Looking for Automation insights: Playlist at:    • Accounts Payable Automation Insights   Other ++++++++++++++++++++++++++++++++++ Website: https://www.ap-now.com/ Linkedin AP Now:   / ap-now   Twitter:   / accountspayable   More about Mary Schaeffer:   / accountspayable   Facebook:   / accpaynow   00:00 Accounts Payable Best Practice Essentials 01:18 What Makes of an AP Best Practice 08:31 Best Practices for Eliminating Duplicate Invoices 26:09 Some Other Best Accounts Payable Practices 36:17 Best Practices: Disastrous if Overlooked