Paper Checks: More Expensive Than You Might Think [Reduce The Expense]

Paper Checks are far more expensive than you might think. These accounts payable checks are more expensive than most realize. It’s not just the cost of the postage, the envelope and the check. The people costs associated with creating and handling the check are huge. And that’s just the start. There are many, many problems and they all take time and cost money to fix, time and money that could be better spent on more value-add tasks in your #accountspayable and #accounting groups. #paperchecks

The accounts payable checks have issues that many don’t realize. That’s part of what makes paper checks so expensive. That’s why AP Now recommends p-cards, company credit cards, ACH payments and other alternatives to the costly, mistake-laden paper checks.

Accounts payable paper checks paper checks can be a real nuisance. They are definitely not one of the recommended accounts payable best practices. Looking for ways to reduce the number of paper checks is a great idea with real time payments being one of the newest alternatives. Paper Checks are far more expensive than most professionals realize think. The people costs associated with creating and handling of these items are huge and could definitely be spent on more value-add tasks.

Introduction to Real Time (Instant) Payments
https://youtu.be/jKgmu-fye_E

Never Use This AP Metric
https://youtu.be/0CPLv5zv4Q8

Learn more about AP Now
www.ap-now.com

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