Mary S. Schaeffer
books, newsletters, articles etc.

The Controllers & CFOs' Guide to Accounts Payable

As controller or CFO of your company, you may not realize the far-reaching impact of the decisions within the accounts payable (AP) process unless you are intimately involved in the particulars of AP's operations. You might be thinking, "What's the big deal? AP gets bills and pays them. How can that possibly take up a whole book?"

Controller and CFO's Guide to Accounts Payable demonstrates that there is much more to AP than merely paying bills. Drawing on her extensive experience in the corporate financial community, author Mary Schaeffer unveils the myriad of tasks involved in this department and reveals what it actually takes to get these tasks done in the most cost-efficient manner while strengthening internal controls. Her unflinching look at the problems—and their best-practice solutions—shows readers effective ways to tackle the issues encountered between AP operations and the controller's or CFO's office to move on to excellence as a corporate whole.

Controller and CFO's Guide to Accounts Payable is strategically divided into three segments:

Part I focuses on the core functionality of the AP operation—the processing of invoices and ensuing payment
Part II turns its attention to specialty functions such as T&E, 1099 Reporting, etc., that may or may not be handled by accounts payable
Finally, Part III looks at management and oversight issues, explores the latest in fraud and financial crimes as well as the newest initiatives to put a stop to them, and the enduring impact of the Sarbanes-Oxley Act

Refreshingly candid and witty in tone, Controller and CFO's Guide to Accounts Payable is required reading for any professional wanting to understand more about their organization's AP operations. It declares that AP is no longer a back-office function and underscores the reality that proper attention must be paid to this crucial department in order to run a leading edge and competitive company.

Mary Schaeffer's Books

The way organizations of all sizes are paying their bills is changing, and changing rapidly. New technologies and approaches are making paper checks obsolete. This ground breaking book takes a look at how anyone can create a cost efficient controlled payment process for their organization. ________________
An in-depth look at practices every organization should be using to keep T&E expenses under control and prevent T&E fraud - while running an efficient operation. ________________
The book that answers the perennial question that regularly pops into the minds of Controllers and CFOs: Why’s my accounts payable manager doing that?
An extensive review of internal controls in the accounts payable funciton
Identifies both best and worst pracices used in Corporate America today. ________________
written with Keefe Bruyette & Woods Chairman, John Duffy with contributions from KBW employees ________________
a primer for those looking for information about business credit and collection issues ________________
A primer for those just starting out as well as those who manage the department. HINT: Accounts payable is alot more than just paying bills ________________
A comprehensive handbook for those managing the accounts payable function or "the Bible" as one business executive calls it ________________
In addition to the books shown here, Ms. Schaeffer has written books about Business Credit, Real Estate and Derivatives. ________________