Accounts Payable Minimalist

2023-08-01

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What is an Accounts Payable Minimalist? Someone who strips out all the interruptions and non-value add work so they can focus on the important issues at hand. In the case of AP, that refers to the processing of invoices accurately and quickly, avoiding fraud (especially new ones), complying with all regulatory mandates (of which there are many) and selectively and efficiently incorporating new technology to help achieve their mission in the most cost-effective manner. The minimalist can be the person who works in, manages or...

The minimalist can be the person who works in, manages or has responsibility for the Accounts Payable function. Make sure you stick around until the end when we explain a common misconception about what an accounts payable minimalist is and the extra step AP Minimalists take beyond best practices to really maximize their value. It’s really not difficult at all and you’ll want to implement it ASAP. #accountspayable #accountspayableminimalist #minimalist

Link to How Not to Make Mistakes in Accounts Payable https://youtu.be/sTftdsXsVbM&list=PLtL6rWSXZ-HdI07dhxDjdq0XbA8owsVz7

Link to Invoices without Invoice Numbers https://youtu.be/ZPbvMT5LvUQ

Link Paper Checks: More Expensive than You May Realize https://youtu.be/cl3v7yDh8vA

Link Accounts Payable Best Practices No More Paper https://youtu.be/79IQQLYEGJY

Link Best 1099 Reporting Practices
https://youtu.be/79IQQLYEGJY

Link Bank Rec Statement Best Practices https://youtu.be/gZ4JEurONVE

Link Early Payment Discounts
https://youtu.be/KxFMjlzPU2E

Link to Vendor Credits: Why They May Be Disappearing https://youtu.be/Kog6wm8lr_k

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