I am a big fan of having no cash in the expense world, in fact, it’s part of the reason why you should buy everything with credit cards. Not, of course, stuff that should be invoiced, but stuff you might be tempted to pay cash for. Now, I know a lot of folks agree with me on this, but sometimes for a different reason, they are hoping to build the rebate. Recharged Education’s Lynn Larson, who is joining me today, is probably cringing as I am talking about building P-card rebates. Given the controversy around rebates, I tho...
I am a big fan of having no cash in the expense world, in fact, it’s part of the reason why you should buy everything with credit cards. Not, of course, stuff that should be invoiced, but stuff you might be tempted to pay cash for. Now, I know a lot of folks agree with me on this, but sometimes for a different reason, they are hoping to build the rebate. Recharged Education’s Lynn Larson, who is joining me today, is probably cringing as I am talking about building P-card rebates. Given the controversy around rebates, I thought we might hear from someone who knows a lot about cards. So, I’m going to throw out some statements about them and Lynn has agreed to tell us if they are true or false and why. Make sure you stick around until the end when Lynn enlightens us on one pcard practice you might not have considered. #pcard #corporatecard #pcardrebates
Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.
Link to Surcharges on Credit Cards 2023 https://youtu.be/yU8VFZyi338
Link to AP Now’s Invoice Series https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh
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Host: Mary Schaeffer (www.ap-now.com)
Guest: Lynn Larson (recharged-education.com)
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