APNow

The Consequences of Tardiness: Late Payments in Accounts Payable

The Consequences of Tardiness, that is, Late Payments in Accounts Payable are not all what you think. Yes, in some cases, there can be a slight financial benefit. But this is far outweighed by the negatives, issues than many don’t consider when they plan to pay their suppliers late. Make sure you stick around until the end when we discuss the one issue very few take into consideration when planning to pay late, one that can cost them big time. #accountspayable #payments #latepayments

The ramifications of late Payments is not be fully understood by many in business today. While there may be a few temporary financial advantages in certain instances, these are considerably outweighed by the many negative issues related to late payments. These considerations are often neglected when companies contemplate paying suppliers after the payment due date.

The accounts payable invoice process is critical to the success of the accounts payable function. The three-way match concept is the standard approach used in accounts payable departments across the country, or at least those that use accounts payable best practices. It involves comparing the purchase order vs invoice and the receiving document and is a strong accounts payable internal control.

Link to the Avoiding Duplicate Payment playlist
https://youtube.com/playlist?list=PLtL6rWSXZ-Hfm-G5d8-CpBsC3xi-nQTn2

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

Link to AP Now’s Invoice Series
https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com Host:

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

Uncovering the Full Potential of Accounts Payable Roles

Let’s take a look at the world of accounts payable and explore the various roles and opportunities that you might not have expected. We'll take a closer look at the many different titles used accounts payable, as well as the career options for those who work in this field. There are more than you might imagine. Whether you're an entry-level AP specialist or an experienced professional, this talk will provide valuable insights into the work in accounts payable. Make sure you stick around until the end when we identify three career options for those who have accounts payable experience but want to expand their roles beyond accounts payable. #accountspayable #accounting #accountspayablejobs

We investigate the realm of Accounts Payable and the various positions and opportunities that may be unexpected. We shall examine the multitude of job titles utilized within Accounts Payable and the diverse career paths available for individuals working in this domain. It may be surprising to learn that there are numerous options. This presentation is intended to impart valuable insights into the nature of work in Accounts Payable and will be of significance to individuals, whether they are a novice Accounts Payable Specialist or a seasoned professional.

The accounts payable invoice process is critical to the success of the accounts payable function. The three-way match concept is the standard approach used in accounts payable departments across the country, or at least those that use accounts payable best practices. It involves comparing the purchase order vs invoice and the receiving document and is a strong accounts payable internal control.

Link to What You Need to Know to Work in AP
https://youtu.be/UGFaUkiNPP0

Link to A Day in the Life of AP
https://youtu.be/K79TlPGjoFk

Link to Learn How to Juggle with Tom Flynn
https://youtu.be/191893Ob4bU

Link to AP Now’s Invoice Series
https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com

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

Secrets to a Successful Invoice Strategy

Secrets to a Successful Invoice Strategy takes a look at your Accounts Payable Process and more specifically your invoice handling process or your Invoice Strategy. In this short broadcast we take a look at a few tactics everyone should us to help improve their accounts payable process when it comes to invoice processing. These strategies will work for both those who have automated as well as those who are still manually process invoices – or somewhere in between. Make sure you stick around until the end when we discuss the one strategy that everyone needs to adopt unless they don’t mind increasing their workload by at least 25%. #invoice #accountspayable #accounting

This informative broadcast delves into the crucial elements of your invoice handling system, offering tactics for improvement. Whether your organization is fully automated or still processing invoices manually, these strategies are applicable and essential for maximizing efficiency. Don't miss the finale, where we reveal the one strategy that can reduce your workload by a staggering 25%. Get ready to revolutionize your invoice strategy!

The accounts payable invoice process is critical to the success of the accounts payable function. The three-way match concept is the standard approach used in accounts payable departments across the country, or at least those that use accounts payable best practices. It involves comparing the purchase order vs invoice and the receiving document and is a strong accounts payable internal control.

Link to Solving the Duplicate Invoice Dilemma
https://youtu.be/NrGAKYNO3G8

Link to Changing Invoice Best Practices playlist
https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com

 

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

Solving the Duplicate Invoice Dilemma

Eliminating the plague of duplicate copies of invoices has become a top concern for those responsible for the accounts payable process, and specifically, the invoice handling process in their organizations. Suppliers sending duplicate copies of invoices adds a lot of extra work for accounts payable departments everywhere. This is a growing problem as more vendors seem to think that sending numerous copies of the same invoice is a good idea. In this broadcast we share steps any organization can take to reduce the number of extra invoices being sent, invoices that require extra work on the part of an already overworked staff. Make sure to stick around until the end when we address the horrific little spoken about issue that is making this problem even worse. #invoice #accountspayable #accountspayableprocess

Does managing a never-ending pile of duplicate invoices have you feeling frustrated and overwhelmed? You're not alone! The rise of suppliers sending multiple copies of the same invoice has become a top concern for those in the accounts payable process.  This is a growing problem as more vendors seem to think that sending numerous copies of the same invoice is a good idea

The accounts payable invoice process is critical to the success of the accounts payable function. The three-way match concept is the standard approach used in accounts payable departments across the country, or at least those that use accounts payable best practices. It involves comparing the purchase order vs invoice and the receiving document and is a strong accounts payable internal control.

Link to Why Invoices Get Paid Twice
https://youtu.be/uIAJ5V-q028

Link to Changing Invoice Best Practices playlist
https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com Host:

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

Career Game Changers [Accounts Payable and Accounting]

Career Game Changers are the practices that can help you take control of your career (be it in accounts payable, accounting, audit, P2P, finance or treasury) and make significant changes that will lead to greater success and fulfillment OR by not adopting these practices, you can wreck your career, and effectively make yourself unemployable. These three key practices can make or break your career, depending on the approach you take. Make sure to stick around until the end when we discuss one tactic that many don’t realize can make or break the proverbial bank. #career #accountspayable #accounting

These three basic tactics can career makes or career wreckers, depending on how you look at these practices. Ignoring them can be devastating to your career.

The accounts payable invoice process is critical to the success of the accounts payable function. The three-way match concept is the standard approach used in accounts payable departments across the country, or at least those that use accounts payable best practices. It involves comparing the purchase order vs invoice and the receiving document and is a strong accounts payable internal control.

Link to What You Need to Know to Work in Accounts Payable: Who Knew It Was So Complicated
https://youtu.be/UGFaUkiNPP0

Link to the Three Way Match
https://youtu.be/ylJatPCthAQ

Link to AP Now’s Invoice Series https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com Host:

Mary Schaeffer (www.ap-now.com

Debits and Credits: What’s The Difference

Debits and Credits: What's The Difference? Credits and debits are an Accounting 101 topic. This short talk explains the difference between a debit and credit in accounting, how they are handled on your books and provides examples when using both goods and services.  #debit #credit #accounting

In accounting, the terms "debit" and "credit" are used to describe the movement of money in and out of your business's accounts.

The accounts payable invoice process is critical to the success of the accounts payable function. The three-way match concept is the standard approach used in accounts payable departments across the country, or at least those that use accounts payable best practices. It involves comparing the purchase order vs invoice and the receiving document and is a strong accounts payable internal control.

Link to the Three Way Match
https://youtu.be/ylJatPCthAQ

Link to 8 Accounting Misconceptions about Accounts Payable
https://youtu.be/1Cp_vfrkSSw

Link to AP Now’s Invoice Series https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com Host:

Mary Schaeffer (www.ap-now.com

Wordle Tips [ Part 2: J K L M N P Q]

Wordle stumpers!!!: Do you ever find yourself scratching your head because of one of the letters that Wordle says is in the solution, just doesn’t seem to fit? Somehow, you’re having a temporary thinking block, and have gone through what you think are every possible letter combination and you are still coming up with NOTHING? This is the first part of a series of Wordle tips to help you deal with the Wordle Stumpers. #Wordle #Wordletips #Wordlestrategy

This is Wordle Stumpers Part 1 and focuses on the letters J K L M N P Q. It is part of a longer series that takes a deeper look into the problems you may have in finding a solution when J K L M N P Q are part of the final answer. Wordle – the alphabet series – should help all Wordle players.

Wordle is the game that has been sweeping the Internet. With only one hand each day, players have six chances to guess the daily five-letter word. A green square indicates a correct letter in the correct spot and a yellow letter reveals a correct letter in a different spot.

Follow me on Twitter: @MarySSchaeffer for sparkling commentary to the day’s puzzle; okay, sometimes they are not so sparkling but they are the best I can come up with on the spur of the moment.

Wordle Game Strategy when Stuck
https://youtu.be/OHmEkVPYFkc

Link to Best Starting Word Revisited
https://youtu.be/4FY28GWPddI

Link to the Wordle Play List of All Wordle Videos
https://www.youtube.com/playlist?list=PLtL6rWSXZ-HefxYm4ymJ0RSWKFC_c9Lys

Link to The Book: Wordle: The Rules, Strategy and Expert Tips
https://www.ap-now.com/snip/111.htm

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Interested in learning more about issues impacting accounts payable. Sign up for AP Now’s free ezine at: www.ap-now.com

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

I Tried ChatGPT: What It Can and Cannot Do for YOU! [Accounting Accounts Payable]

Are you worried that AI may replace you and take your job? As someone who creates content about accounts payable and payment issues for a living, this is a topic that hits close to home. But with the advent of ChatGPT, the conversation has reached a new level of urgency and the threat has become more real than ever before. I've put ChatGPT to the test and am here to share my findings with you. From its capabilities to its limitations, I'll give you the inside scoop on what Chat GPT can do for you. I’ve tried it and am here to tell you what it can and cannot do for you. Stick around until the end when I share one way I’m using it and YOU can too. It will make your life a little less stressful. #ChatGPT #accountspayable #accounting

ChatGPT does have a place in accounting, accounts payable, P2P, treasury, audit etc. However, it may not be what you think. Used judiciously, it will make you more effective than ever. Used inappropriately, you’ll end up with egg on your face. Watch this video to find out where you can use it to become more effective – and where NOT to use it!

The accounts payable invoice process is critical to the success of the accounts payable function. The three-way match concept is the standard approach used in accounts payable departments across the country, or at least those that use accounts payable best practices. It involves comparing the purchase order vs invoice and the receiving document and is a strong accounts payable internal control.

Link to Working in Accounts Payable Playlist
https://youtube.com/playlist?list=PLtL6rWSXZ-HeNwCTRm4jZIlGKzi8VOwi_

Link to AP Automation Insights Playlist
https://youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby

Link to AP Now’s Invoice Series
https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com Host:

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

 

How to Not Make Mistakes in Accounts Payable [Avoid Duplicate Payments]

How to Not Make Mistakes in Accounts Payable is an important topic because mistakes in accounts payable lead to duplicate payments, fraud and incomplete regulatory compliance. Little mistakes in accounts payable can lead to significant financial losses. In this piece, we’ll review some basic ways to avoid errors, practices that are not always followed. Stick around until the end when we discuss two issues that most don’t consider when thinking about mistakes that get made in accounts payable, mistakes that often lead to duplicate payments (which are rarely returned) and worse. #accountspayable #accountspayableprocess #accounting 

Whoever said the Devil is in the details, must have been thinking about accounts payable. But that is only the beginning. There are also bigger issues that can lead to problems if not addressed properly.

The accounts payable invoice process is critical to the success of the accounts payable function. The three-way match concept is the standard approach used in accounts payable departments across the country, or at least those that use accounts payable best practices. It involves comparing the purchase order vs invoice and the receiving document and is a strong accounts payable internal control.

Link to How to Not Make Mistakes in AP Playlist
https://youtube.com/playlist?list=PLtL6rWSXZ-HdI07dhxDjdq0XbA8owsVz7

Link to AP Automation Insights Playlist
https://youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby

Link to AP Now’s Invoice Series
https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

 Learn more about AP Now at www.ap-now.com Host:

Mary Schaeffer (www.ap-now.com

 

Accounts Payable Best Practice Month

Accounts Payable Best Practice Month is all about raising awareness of the importance of best practices in accounts payable, and more importantly changing and new best practices. Why does this matter? Bad things happen when best practices not only are ignored but also sometimes put on the back burner, with this philosophy of we’ll make the changes when we have time … which is almost always never. #accountspayable #accountspayablebestpractices #apbestpracticemonth

The accounts payable invoice process is critical to the success of the accounts payable function. The three-way match concept is the standard approach used in accounts payable departments across the country, or at least those that use accounts payable best practices. It involves comparing the purchase order vs invoice and the receiving document and is a strong accounts payable internal control.

Link to 5 New AP Best Practices
https://youtu.be/RRlMPtphC4E

Learn more about AP Best Practice Month
https://www.ap-now.com/public/AP-Best-Practice-Month.cfm

Register to receive resources during AP Best Practice Month
https://www.surveymonkey.com/r/APBPMonth

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com Host:

Mary Schaeffer (www.ap-now.com