As a savvy accounting and finance professional, you know that the "three-way match" is the Holy Grail of accuracy when it comes to processing invoices for payment. But there are so many little places that errors can slip in – errors that lead to an organization paying more than it should or even worse, paying for something it shouldn’t. These extra or erroneous payments come right off the bottom line, making your organization less profitable, and hence less competitive than it should be. Make sure you stick around unt...
As a savvy accounting and finance professional, you know that the "three-way match" is the Holy Grail of accuracy when it comes to processing invoices for payment. But there are so many little places that errors can slip in – errors that lead to an organization paying more than it should or even worse, paying for something it shouldn’t. These extra or erroneous payments come right off the bottom line, making your organization less profitable, and hence less competitive than it should be. Make sure you stick around until the end when we discuss the common error that many overlook. #accountspayable #accounting #threewaymatch
Discover the key to achieving utmost precision in invoice payment processing— and more importantly, the "three-way match." As you're well aware, meticulousness is paramount in this realm. Even the tiniest slip-ups can result in excessive payments or, worse yet, funding unwarranted expenses. Such blunders directly impact your organization's bottom line, hampering profitability and undermining its competitive edge. Stay tuned until the end, as we unveil a commonly overlooked error that deserves your attention.
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 Stop Duplicate Pays w/o Spending a Red Cent https://youtu.be/dqN1P84faE4
Link to AP Now’s Invoice Series
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