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Discussions about trends, insights and emerging issues impacting the accounts payable and payment functions
Episodes
Tuesday Oct 17, 2023
Tuesday Oct 17, 2023
Do you know how often when purchasing forgets to reflect special deals on a purchase order, those special arrangements are lost? And sadly, many purchasing professionals do forget. The most commonly lost special is when special payment terms. I think you will be horrified to discover just how many of these special arrangements end up getting lost. The problem is exacerbated at year end, when many sales people are trying to make their numbers or even increase them because bonuses are based frequently on sales. Make sure you stick around until the end when I share how to make sure this all-too common occurrence NEVER happens at your shop. #purchaseorder #purchaseorders #accountspayable
Link to Invoices without Purchase Order Numbers https://youtu.be/zpNocghaDhQ&list=PLtL6rWSXZ-Hfm-G5d8-CpBsC3xi-nQTn2
Special Deals on Purchase Orders
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
Other
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Website: https://www.ap-now.com/
Linkedin AP Now: https://www.linkedin.com/company/ap-now/
Twitter: https://twitter.com/Accountspayable
More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable
Facebook: https://www.facebook.com/AccPayNow
Thursday Oct 12, 2023
Thursday Oct 12, 2023
In the world of finance and accounting, clarity is king, and precision reigns supreme. Yet, lurking in the realm of accounts payable are some persistent misconceptions that, if left unaddressed, can undermine financial operations and compromise organizational success. Let's dive in and separate fact from fiction, myths from reality so your accounts payable function will be a shining example marrying best practices with operational efficiency to produce the most effective operation. Make sure you stick around until the end when we discuss the one misconception that trips up far too many. #accountspayable #accountspayableprocess #accountspayablebestpractices
Common Accounts Payable Misconceptions Link to Weak Accounts Payable Processes that Everyone Still Uses https://youtu.be/JFCOlg1Qv2w
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
Other
++++++++++++++++++++++++++++++++++ Website: https://www.ap-now.com/
Linkedin AP Now: https://www.linkedin.com/company/ap-now/
Twitter: https://twitter.com/Accountspayable
More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable
Facebook: https://www.facebook.com/AccPayNow
Tuesday Oct 10, 2023
Tuesday Oct 10, 2023
Wonder what the difference is between mean, median and mode? It’s not difficult. Using real life accounting and accounts payable examples we define these very basic tools for analytics, showing where to use them and how to interpret them. Analytics really does paint a picture, one that can be used to identify problems and run a more efficient and effective accounts payable function. Make sure you stick around until the end when I share how to ensure your data analytics accurately reflect current activity – and issue that sadly, few ever think about. #dataanalytics #accountspayable #metrics
Link to Control Freaks and Data Entry in Accounts Payable https://youtu.be/Bpziv_MAIEM&list=PLtL6rWSXZ-HfvKQrScgUdpa3thmmRqg3s
Data Analytics for AP: Mean, Median Mode, Average and Outliers
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
And much more!!
Subscribe for more tips and insights like this:
https://www.youtube.com/APNow?sub_confirmation=1
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
Other
++++++++++++++++++++++++++++++++++
Website: https://www.ap-now.com/
Linkedin AP Now: https://www.linkedin.com/company/ap-now/
Twitter: https://twitter.com/Accountspayable
More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable
Facebook: https://www.facebook.com/AccPayNow
Thursday Oct 05, 2023
Thursday Oct 05, 2023
This is about the deceptively easy Accounting/ Accounts Payable job interview question that many get wrong, even those who should know better. When I tell you about this question, you’re going to say, “That’s not a trick question; I can answer that better than anyone else.” And that’s where the problem lies. Yes, you can, but the answer you give is apt to be wrong – and can torpedo your entire interview. Have you given any thought to how you would respond to the request to “Tell me about yourself?” In this episode, we’ve got 7 tips to help you avoid disaster when answering this frequently asked trip question. #accountspayableinterviewquestions #accountspayable #interviewquestions
This deceptively simple interview question has caused many to tank job interviews before they even had a chance.
Link to Preparing for A Job Interview https://youtu.be/StE8zLOsQ2k
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
Other
++++++++++++++++++++++++++++++++++
Website: https://www.ap-now.com/
Linkedin AP Now: https://www.linkedin.com/company/ap-now/
Twitter: https://twitter.com/Accountspayable
More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable
Facebook: https://www.facebook.com/AccPayNow
Tuesday Oct 03, 2023
Tuesday Oct 03, 2023
Payment fraud is a devious predator, relentlessly gnawing away at your organization's profitability. If allowed to roam freely, it has the power to unleash catastrophic consequences. That’s why it is critical that every organization, no matter how small or large, take steps to ensure their organization is protected. While it is tempting to think Internet fraud and unscrupulous employees playing games with there expense reports are things that only happen at other companies, the reality is something starkly different. That’s why I put together this list of steps every organization should take to ensure fraud is truly something that only happens to the other guys. Make sure you stick around until the end, when I share the one tactic many overlook. #fraud #payments #paymentfraud
Link to NEVER Use These 3 Common Check Practices [Fraud Magnets] https://youtu.be/Ptko0g31Vi4
Link to 3-Way Match videos https://youtube.com/playlist?list=PLtL6rWSXZ-HemLUV6hG8rDbeElk9kaPjm&si=kOcKcksfcVthg5SC
Learn more about Oversight at www.oversight.com
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
Other
++++++++++++++++++++++++++++++++++
Website: https://www.ap-now.com/
Linkedin AP Now: https://www.linkedin.com/company/ap-now/
Twitter: https://twitter.com/Accountspayable
More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable
Facebook: https://www.facebook.com/AccPayNow
Thursday Sep 28, 2023
Thursday Sep 28, 2023
One tiny error processing an invoice can cost an organization dearly. When it comes to invoice processing and the accounts payable process, even the smallest misstep can have significant financial repercussions for your organization. Unfortunately, these errors occur far too frequently across businesses of all sizes, undermining their financial stability. Contrary to popular belief, these seemingly minor mistakes are indeed a big deal. That’s why accounts payable best practices are so important. #invoice #accountspayableprocess #accountspayable
What's more, those responsible for processing invoices often remain unaware of the potential financial ramifications of their actions. In this piece, we'll pinpoint some of the most common invoice processing mistakes and shed light on the financial challenges they can trigger. Stay with us until the end to explore an often-overlooked aspect of accounts payable invoice processing that just may surprise you.
Link to Three-Way Match Worst Practices https://youtu.be/LcoKBc2tyOE&list=PLtL6rWSXZ-HemLUV6hG8rDbeElk9kaPjm
Link to Changing Invoice Best Practice Playlist https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
Other
++++++++++++++++++++++++++++++++++
Website: https://www.ap-now.com/
Linkedin AP Now: https://www.linkedin.com/company/ap-now/
Twitter: https://twitter.com/Accountspayable
More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable
Facebook: https://www.facebook.com/AccPayNow
Monday Sep 25, 2023
Monday Sep 25, 2023
Did you know that using AI is easier than using Excel? That's just one of the fascinating and useful insights revealed by our expert guest in this broadcast. Without a doubt, the accounts payable function will look very different in just a few short years. AI is going to make an impact. Is that good or bad? And more importantly, what does that mean for our viewers, the professionals who work in, manage and/or have responsibility for the accounts payable function. There will definitely be some challenges. Make sure you stick around until the end when my guest, Nathanael L’Heureux is going to share some of the unexpected opportunities for our community – some of which, I’m willing to bet your never really considered. #AI #AIopportunities #accountspayable
Some of the topics discussed in this talk include:
• What are the different types of AI?
• Using AI to identify duplicates
• How AI can help prevent paying the wrong vendor
• How AI can help prevent using wrong measure when ordering
• How AI can add another layer of protection against fraud
• Different types of AI challenges
• AI and change management
• What are the challenges ap and accounting are likely to encounter with AI
• What are the opportunities for AP and accounting with AI
• Some funny AI stories
• How to get the most out AI
Learn more about Oversight at www.oversight.com
Link to Will AP Be Obsolete in Three Years https://youtu.be/MVvD3S7Fqww
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
Other
++++++++++++++++++++++++++++++++++
Website: https://www.ap-now.com/
Linkedin AP Now: https://www.linkedin.com/company/ap-now/
Twitter: https://twitter.com/Accountspayable
More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable
Facebook: https://www.facebook.com/AccPayNow
Thursday Sep 21, 2023
Thursday Sep 21, 2023
What do you have in common with Tom Hanks, Meryl Steep, Barbara Corcoran, and Howard Shultz, founder of Starbucks? Before you respond with a resounding, “absolutely nothing, let me ask you a few more questions. Do you ever feel like you don’t belong in your job or your position because you are not really qualified? Surely everyone can see that! Do you ever sit in a meeting and wonder “what am I doing here?” – not because you are bored to tears but because you think you are not qualified to be part of this impressive group of people gathered to discuss this important issue or problem? Deep down, do you think it’s luck not skill that has gotten you where you are? Well join the club. Lots of other people are feeling the same thing. Tom Hanks, Meryl Steep, Barbara Corcoran, and Howard Shultz, founder of Starbucks have all owned up to feeling like they don’t belong. #impostersyndrome #careertips, accounting
Link to Tips on Becoming more assertive
https://youtu.be/JJ_vx6DJBwU
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
Other
++++++++++++++++++++++++++++++++++
Website: https://www.ap-now.com/
Linkedin AP Now: https://www.linkedin.com/company/ap-now/
Twitter: https://twitter.com/Accountspayable
More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable
Facebook: https://www.facebook.com/AccPayNow
Tuesday Sep 19, 2023
Tuesday Sep 19, 2023
The master vendor file can be your best friend or your worst enemy when it comes to running an efficient, cost-effective, fraud-resistant accounts payable and payment process. Today, we're diving headfirst into treacherous waters, along with too many others, the folks that use common Master Vendor File worst practices. This is where the tiniest of errors or oversights can lead to financial disaster, where mistake can facilitate fraud, and where inefficiency silently bleed resources that erodes profitability. We’re going to look at five very common practices that don’t protect an organization but rather open the door to mistakes, duplicate payments and worse. Make sure you stick around until the end when we discuss one practice that many don’t even realize hurts – and it does so in a big way. #mastervendorfile #accountspayable #accountspayableprocess
Link to Fraud in the Vendor File: How to Prevent It
https://www.youtube.com/watch?v=6r9I5d-li-U&list=PLtL6rWSXZ-HeZHaYupptiu7ZBqniRaj2J&index=4
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
Subscribe for more tips and insights like this:
https://www.youtube.com/APNow?sub_confirmation=1
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
Other
++++++++++++++++++++++++++++++++++
Website: https://www.ap-now.com/
Linkedin AP Now: https://www.linkedin.com/company/ap-now/
Twitter: https://twitter.com/Accountspayable
More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable
Facebook: https://www.facebook.com/AccPayNow
Thursday Sep 14, 2023
Thursday Sep 14, 2023
Are bookkeeping and accounting the same? And more to the point for our audience do bookkeeper and accounts payable professionals do the same things? Well, the answer to that is proverbial “it depends” as there is a large overlap between the two, as I’ll explain. What’s more, some organizations hire bookkeepers to work in accounts payable and others call their accounts payable staff bookkeepers. #accountspayable #bookkeeping #accounting
Link to Accounts Payable Tutorial https://youtu.be/u9O6ab541Dk
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
Other
++++++++++++++++++++++++++++++++++
Website: https://www.ap-now.com/
Linkedin AP Now: https://www.linkedin.com/company/ap-now/
Twitter: https://twitter.com/Accountspayable
More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable
Facebook: https://www.facebook.com/AccPayNow