While most organizations like to think they are best practice when it comes to their accounts payable operations, the reality is something starkly different. At best, most use about half of the recommended best practices and the rest use even less. I’ve identified a handful of really weak and ineffective practices still in use at virtually every organization. We’ll discuss why and how they hurt as well as what you should be doing instead. Make sure you stick around until the end when we discuss one practice that only rec...
While most organizations like to think they are best practice when it comes to their accounts payable operations, the reality is something starkly different. At best, most use about half of the recommended best practices and the rest use even less. I’ve identified a handful of really weak and ineffective practices still in use at virtually every organization. We’ll discuss why and how they hurt as well as what you should be doing instead. Make sure you stick around until the end when we discuss one practice that only recently slide on to the worst practice list (thanks to a new fraud) and I’ll tell you what to do instead. #accountspayable #accountspayablebestpractices #accountspayableprocess
Worst accounts payable practices that everyone should avoid and what to do instead. This could also be called Common AP Worst Paper Practices: Told Through Cartoons.
Link to Check Washing Fraud Scam https://youtu.be/iX8oS5qggDg
Link to Invoices without Purchase Order Numbers: They Can Be Eliminated https://youtu.be/zpNocghaDhQ
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