Accounts Payable Process: New Receiving Invoices Best Practices

Have you updated your accounts payable process to include the newest best practice step? Are you using the best practice to receive invoice? If you are not following one simple, and relatively new step, you are probably using the almost best practice—and that could mean a lot of extra work for your accounts payable staff.

Accounts Payable Process: New Receiving Invoices Best Practices investigates New Receiving Invoices Best Practices that every organization using accounts payable best practices should implement immediately. Invoice best practices have been changing to meet the demands of fraud protection and organizational efficiency. Mary Schaeffer, a nationally-recognized accounts payable experts shares her reasoning behind this newest accounts payable best practice. For some, it will be a change to thier Accounts Payable Process as they relate to invoices. This newest invoice best practice should be adopted by all best practice organizations.

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For the accounts payable process to work well, best practices for AP should be used.

Updating your accounts payable process to include this newest best practice step is smart and it will make your organization more operationally efficient. Every organization should be using this best practice to receive invoice. If you are not following one simple, easy, new step, you are probably using the almost best practice—and that could mean a lot of extra work for your accounts payable processors.

Link to Pop Quiz: Internal Controls (Invoices)
https://youtu.be/xUpDs4erAls

Learn more about 127 Best Practices for Accounts Payable
https://www.amazon.com/127-Best-Practices-Accounts-Payable/dp/1735100021

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