Why Accounts Payable Best Practices Are Critical for Your AP Function [Accounts Payable Process: ]

Опубликовано: 08 Январь 2021
на канале: AP Now

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Best practices are critical to any accounting and accounts payable function. That’s why we put such an emphasis on best practices for accounting and accounts payable. Here we discuss what can go wrong when accounts payable and accounting best practices are ignored. #accounting #accountspayable #best practices.

When best practices are ignored in accounts payable, there are many things that can go wrong. That's why every organization, no matter how large or small, should use best practices. For without best practices, the bottom line can deteriorate.

Not using best practices in the accounts payable function can have multiple negative impacts on your accounts payable function. By their very nature, best practices incorporate strong internal controls. Strong controls are the foundation for best practices, especially across the accounts payable and procure to pay functions.

In this 4-minute video, we explain why it is critical for every organization use best practices straight across their accounts payable function. Not doing so can cost you dearly.

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