Featured Books
127 Best Practices for Accounts Payable
As the business world evolves, technology improves and unfortunately, new frauds pop up, best practices must change. That's why this book was created. 127 Best Practices for Accounts Payable includes the latest best practices every organization, large or small, should use to run an effective, cost-efficient, regulatory-compliant accounts payable function. It contains:
- Explanation of each issue and, where applicable, an Almost Best Practice is offered, along with some Worst Practices.
- 127 best practices needed for operational excellence. These best practices reflect the challenges revealed during the COVID crisis, the procedures required for remote working in accounts payable and of course, the latest fraud protection advice.
- Special insights and tips for the accounts payable staff dealing with the matter.
- 25 sketches, reflecting on both the humorous and ludicrous facets of some accounts payable departments.
The book is available from Amazon and other online sellers.
Fundamentals of Accounts Payable
The accounts payable function is a lot more complicated than many realize. That's why we put this book together. Old practices often are inefficient and ineffective, resulting in duplicate and improper payments, extra costs associated with running the function, fraud and continual trouble with state and federal regulators. No one wants that.
To create a solid foundation, best practices must be used and strong internal controls integrated throughout the function. For all that to happen, a good understanding of the fundamentals of the accounts payable function is required. That is the goal of this book and it is a lot more complicated than many realize.
Now many professionals reading this book will already know some of what's included. After all, we all know how to pay bills. For starters, there's a right way and a wrong way to handle the functions related to paying invoices. What's more, the function is changing thanks to technology, new frauds and increased regulatory requirements. So, while some of the fundamentals have stayed the same for many years, a lot has changed. And, that's just the tip of the iceberg; there's a lot more to the accounts payable function than just paying bills (invoices).
The book is available from Amazon and other online sellers.
Internal Controls in Accounts Payable
Internal controls are a framework of policies, procedures, analysis and strategies put in place by an organization to prevent fraud, ensure the veracity and reliability of financial and accounting information and to protect the organization's financial assets including – but not limited to – its cash flow.
When it comes to accounts payable, not only do strong internal controls help prevent improper and duplicate payments, they tend to lead to a more efficient procure-to-pay process. Controls are all in the details and this book walks professionals through the discrete tasks comprising and impacting the payment function.
Internal controls in your accounts payable function really do matter. Ignoring them could cost you in ways you never imagined.
The book is available from Amazon and other online sellers.
Change in Accounts Payable
Part of the AP Now Speed Learning Series
In today's fast-paced and dynamic business environment, the only constant is change. Nowhere is this truer than in the realm of finance and accounting, and more specifically, accounts payable. Traditional processes and practices are rapidly evolving by advances in technology, automation, new and ever-innovative frauds, evolving regulations, and shifting market dynamics. One area that stands at the forefront of this evolution is the accounts payable function. As the financial heart of an organization, accounts payable plays a pivotal role in managing cash flow, vendor relationships, avoiding fraud, and financial stability.
The significance of accounts payable cannot be overstated. Tomorrow's accounts payable department will look very different from today's. The very basic processes are changing, invoices are no longer largely paper, payments are no longer largely being made by paper checks and sadly, fraud is evolving at a rate faster than anything else.
The book is available from Amazon and other online sellers.