Best Practices: Anatomy of Best Practices Explained [Accounting, Accounts Payable]

Опубликовано: 02 Март 2023
на канале: AP Now

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Curious about what makes a practice the "best" in the world of accounting and finance? What is a best practice, what makes something a best practice and do best practices change over time are frequent questions asked by accounts payable, accounting, finance and treasury professionals all the time. Let’s diving into this topic in a little more depth. Stick around until the end when we discuss why best practices change and what should NOT be the driving force behind adopting a practice – best practice or not! #accountspayable #bestpractices #accountspayablebestpractices

Take a deep dive into the issue of what makes a best practice and what doesn’t in accounts payable, accounting and finance with us and discover why best practices evolve over time. But wait, there's more! Learn why blindly following trends could lead to disaster and how to avoid it. Stick around until the end to unlock the secrets to success!

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 Accounts Payable Best Practice Playlist
   • Accounts Payable Best Practices

Link to Accounts Payable Month Playlist (long and shorts)
   • Best Practice for AP Month

Link to Changing Invoice Best Practice Playlist
   • Changing Invoice Best Practices

Link to Accounts Payable Internal Controls Playlist
   • Accounts Payable Internal Controls

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