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Accounts Payable Process: Three-Way Match

Accounts Payable Process: Three-Way Match answers the basic question what is the three-way match. The Three-Way Match is the foundation for the accounts payable function. Accounts payable best practices always include a three-way match. The accounts payable process, if it includes accounts payable best practices, also includes a three-way match. It is
considered a strong #accountspayable internal controls and all #accounting professionals recommend it. #bestpractices

The three-way match concept is an old 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 is a strong accounts payable internal control.

This is episode 144 of the AP Now podcast

The three-way match in accounting involved matching the invoice, purchase order and receiving documents. A good process that includes comparing the purchase order vs invoice vs receipt is how invoices get paid in most organizations. The most commonly asked question in this regard is what is a receiving document, as most are not familiar with that
document as it is sometimes called a packing slip.

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

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

Wordle: How to Play Quordle [7 Expert Tips]

Learn how to play Quordle, the offshoot of #Wordle. While you need to know how to play Wordle in order to play Quordle, the rules are different. The 7 expert Quordle tips will help Wordle players become proficient at Quordle. This #Quordle tutorial is designed for Wordle lovers who want to play more. This Quordle 101. #Quordlestrategy is different that Wordle strategy.

That’s where these 7 Quordle tips come in handy. They help Wordle players adjust their Wordle game for Quordle. Quordle is harder than Wordle but just as much fun. In fact, if you find Wordle easy, you many enjoy the Quordle challenge. You can adjust your Wordle game without much trouble and easily learn how to play Quordle.

Quordle, like Wordle, is one of many suggested memory games for seniors YouTube

Quordle has many similarities with Wordle but there are differences as well. That’s where our Quordle tips will come in handy. Enjoy Quordle as much as you enjoy Wordle by incorporating our suggestions into you Quordle gameplay. These tips will help you figure out how to win at Quordle.

Wordle, the smash hit game that has taken over the Internet has proved to be the basis for a number of new games, with Quordle being one of the more popular games.

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

 

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

Link to Wordle in 90 Seconds
https://youtu.be/_Y3y3c8W6JQ

Link to How to Play Wordle
https://youtu.be/U3Qi4UBaKKw

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

Link to Wordle: Best Starting Word
https://youtu.be/BGAPtxljHqY

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)

When It’s OK to Ignore Your Accounts Payable Function

When it's ok to ignore your accounts payable function addresses the issues that occur when ap is ignored. Many of the problems lead to duplicate payments and facilitate fraud. #accountspayable best practices are typically lost in the shuffle when accounts payable is ignored. Most savvy #accounting professionals realize that ignoring accounts payable is not a smart move. #bestpractices

Regulatory compliance issues, including fcpa compliance, proper administration of functions related to the issuance of 1099s, OFAC checking and various state compliance issues go up in smoke when the accounts payable function is ignored. Of course, this also means weak internal controls, frayed vendor relations, and the abandonment of accounts payable best practices throughout the accounts payable function.

Ignoring AP and use of best practices in accounts payable are at complete odds with each other.

Are You Getting All Your Vendor Credits
https://youtu.be/Fo_cnOxF40A

Accounting Misconceptions about AP
https://youtu.be/1Cp_vfrkSSw

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

How to Prepare for Conference Presentation

How to prepare for conference presentation focuses on conferences: what works and what doesn't as we head into conference season. The most important issue, your conference presentation ideas is the foundation for your talk. When you are preparing your conference talk it is critical to remember who the audience is and not give a sales pitch.

Creating conference talks that work takes time and effort. In order to give a good talk, incorporate the presentation tips for conferences in this talk into your presentation. The tips for presenting at a conference are applicable whether presenting to 10, 100 or 10000. #accountspayable #accounting #conference

To get the most out of your talk, you’ll need to know how to prepare for conference presentation. Your conference presentation ideas are the critical foundation whether creating an accounts payable conference presentation or an accounting conference presentation.

Giving salient conference presentations are key to the success of any working professionals, be they in general accounting, accounts payable, audit or treasury. It is also critical for service providers offering products or services in this arena. By focus on getting to know your customer before trying to sell them something is the hidden key to success. That’s where giving presentations at conferences can really help. The same can be said for an accounting or accounts payable professional who wants to
become known within the industry.

Business Writing: Don’t Make These Mistakes
https://youtu.be/8XIe5d8513o

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

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

Wordle: 3 Quick Tips to Finetune Your Strategy [Win More]

Wordle: 3 Quick Tips to Finetune Your Strategy includes tips to help you win Wordle. Any Wordle winner strategy should reflect these tips.  A #Wordle winning strategy means avoiding mistakes as much as it means making smart strategic choices. These Wordle tips will help you do just that. If you want to know How to Win Wordle, your #Wordlestrategy should include what not to do as much as it should include what to do.

Use these tips to finetune your Wordle game and finetune your wordle strategy. They might make the difference between winning and losing. A Worlde strategy to win will encompass many wordle tips, especially wordle expert tips. Use these wordle tips and tricks to help you win wordle quickly. Of course, this means avoiding wordle mistakes. Avoid wordle errors by strategizing each choice. For one you know how to play Wordle, you’ll be hooked.

These quick tips will help everyone finetune their strategy and help them win Wordle. Any Wordle winner strategy will include these simple tips.  A good Wordle strategy means not making common mistakes as much as it means making smart calculated choices. These simple Wordle tips will help you implement a strategy that does just that. If you want to know how to win wordle, your approach should include what not to do as much as it should include what to do.

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

 

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

Avoid Common Wordle Mistakes
https://youtu.be/0a5nwui7h6w

Paper Checks: More Expensive Than You Might Think [Reduce The Expense]

Paper Checks are far more expensive than you might think. These accounts payable checks are more expensive than most realize. It’s not just the cost of the postage, the envelope and the check. The people costs associated with creating and handling the check are huge. And that’s just the start. There are many, many problems and they all take time and cost money to fix, time and money that could be better spent on more value-add tasks in your #accountspayable and #accounting groups. #paperchecks

The accounts payable checks have issues that many don’t realize. That’s part of what makes paper checks so expensive. That’s why AP Now recommends p-cards, company credit cards, ACH payments and other alternatives to the costly, mistake-laden paper checks.

Accounts payable paper checks paper checks can be a real nuisance. They are definitely not one of the recommended accounts payable best practices. Looking for ways to reduce the number of paper checks is a great idea with real time payments being one of the newest alternatives. Paper Checks are far more expensive than most professionals realize think. The people costs associated with creating and handling of these items are huge and could definitely be spent on more value-add tasks.

Introduction to Real Time (Instant) Payments
https://youtu.be/jKgmu-fye_E

Never Use This AP Metric
https://youtu.be/0CPLv5zv4Q8

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

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

Shopping for a New Accounts Payable Automation Solution [Invoice Automation]

Shopping for a New Accounts Payable Automation Solution means looking for an ap automation solution, also referred to by some as an invoice automation solution that meets several criteria. The criteria discussed in this session are often overlooked. #Accountspayable automation solutions vary and thus it is critical that professionals searching for a solution not overlook any area. #Invoiceautomation and #accountspayableautomation are different. It is important that each potential purchaser investigate all features to make sure the solution they purchase provides the functionality they need.

The accounts payable automation process is fraught with areas where problems can creep in. Vendor automation issues, that is those issues related to the supplier, are often overlooked when an automation solution is purchased. Accounts payable vendor issues, or invoice automation pitfalls, if ignored, can lead to invoice automation failure.

When invoice automation projects fail it is often because not all stakeholders concerns are taken into consideration. Accounts payable automation projects fail when the issues related to invoice automation and suppliers are ignored.

Shopping for a New or replacement Accounts Payable Automation Solution means looking for an ap automation solution that meets the unique needs of the organization. These systems are sometimes called invoice automation solutions.

Link to watch 9 Reasons Why Your Automation Project Fails:
https://youtu.be/Z3oITKT0LR0

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

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

Wordle: Best Second Word [Expert Tip]

Wordle: Best Second Word [Expert Tip] focuses on selecting the best second word for Wordle. The wordle best second word depends on the first word used. That’s why #Wordle for beginners focuses on a good first Wordle word, as do instructions for Wordle for experts.

Wordle expert tips focus on best Wordle words, best second word for Wordle after adieu, best second word for Wordle after arose, and best second word for Wordle after arise. These simple Wordle tips will help you win wordle more frequently and in fewer rounds. Wordle tips and strategies, as well as Wordle game instructions focus on #Wordlestrategy for #Bestwordlewords

Many regular Wordle players have their favorite Wordle tricks which they claim show them how to wordle more frequently. These Wordle tips include Wordle strategy words and rarely focus on the best second word for Wordle. But those who know how to win at wordle know they need such a strategy if they wish to know how to play Wordle to win.

The best Second Word depends on several factions. But choosing the best second word for Wordle is one way to improve your odds of winning. The wordle best second word varies depends on the first Wordle word used.

Follow Host, Mary Schaeffer on Twitter: @MarySSchaeffer

 

Information about Mary Schaeffer’s Wordle book:
https://www.amazon.com/ /dp/B09R65XH3Q/ref=sr_1_13?crid=54RF3RYEJQ46

 

Link to Wordle Playlist: https://youtube.com/playlist?list=PLtL6rWSXZ-HefxYm4ymJ0RSWKFC_c9Lys

 

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

Are You Getting All Your Vendor Credits?

Are you getting all your vendor credits, those supplier credits? Probably not. Understanding why you're not getting all your vendor credits is the first step for any #accountspayable or #accounting professional who wants to recover all their organizations #vendorcredits.

Are your suppliers hiding your credits? The answer to this and how some crafty suppliers do it will surprise you. Good Vendor Credit Management is critical for those who do not wish their suppliers to hold onto their credits. Good vendor credit management approaches are important so you don't lose any vendor credits, also called supplier credits.

Supplier credit management includes the proper handling of vendor credits. These often arise from duplicate payments, quantity discounts and other reasons.

Vendor credits can sometimes arise from quantity discounts the customer is not aware of, discounts for damaged goods and more. Recovering vendor credits is one way accounts payable groups can add hard dollars to the bottom line. For some vendors do not let their customers know that they have credits sitting on their books.

Whether your organization is getting all its vendor credits or not, each company should do statement audits to determine that status. Those supplier credits are money that should go right to your organization’s bottom line. It can impact profitability. Understanding why you are or are not getting all your vendor credits is the first step for any professional who wants to recover all their organizations vendor credits can take.

Link to Statement Audits: What They Are and Why They Matter
https://youtu.be/-5LUCX9uTPw

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

Zelle Fraud: How to Protect Yourself

Zelle Fraud How to Protect Yourself focuses on a new fraud. Innovative ways to trick #Zelle account holders into sending money to crooks is how these Zelle scams are perpetrated. To protect yourself and your company from these Zelle scams, start by understanding what is Zelle and the unique Zelle fraud issues. #Zellefraud and #Zellescams are proliferating. Some rely on Zelle email and these Zelle email scams are particularly insidious.

Zelle is owned by Early Warning Services. Zelle banks are often in the headlines when there is a Zelle in the news story. These Zelle scam refunds that are manipulated by fraudsters can be devastating.

The issue of who owns zelle is frequently raised. That’s why you often see Zelle Early Warning Services together. Zelle payment or Zelle transfer is often the focus for new scams, or phone scams. Zelle scams are not exactly bank fraud, although since the money comes out of a bank accounts some look at it that way. This transfer fraud is another type of bank scam.

Zelle is owned by be Early Warning Services not the bank where your account is housed. It is important to remember this when dealing with a Zelle scam or Zelle fraud

Link to Can You Spot the Phony Email Address:
https://youtu.be/8IkeqkkQ2Do

AP Technology Week: Payments Panel including Lynn Larson
https://youtu.be/j7aXsuyn2Hg

Entrepreneur Panel Including Lynn Larson
https://youtu.be/-WsqmY7T02U

Avoiding Costly Sales and Use Tax Over Payments
https://youtu.be/DQDZJYCYUBY

Consumer-Type Purchases on Company Credit Cards
https://youtu.be/241Qr0ov9y0

Expert Insights: Tips from the Data Pros
https://youtu.be/4_CtR6y8aFU

Help for Your P-card Challenges
https://youtu.be/N3joHH8sGYA

Keto Fraud and AP
https://youtu.be/kbxMrlKNJQ8

Getting and Using the New Apple Card
https://youtu.be/VpGb9zwufoE

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

Host: Mary Schaeffer, founder AP Now (www.ap-now.com)
Guest: Lynn Larson, Recharged Education (https://www.recharged-education.com/)