Complete Guide to AP Best Practices - Latest Edition

icon Research Report on Automation and Technology, Cash Management, Customer Relations, Staff Management, Internal Controls, Tax and Regulatory Compliance, Form 1099, Invoice Processing, Master Vendor File, Organizational Strategies, Payment Processing, Purchasing Cards, Travel and Expenses, Career Resources, Benchmarks, Education & Training, Best Practices, Policies and Procedures  •  posted 09/13/11

This guide will give you not only those best practices that have stood the test of time, but the best practices built around functions and responsibilities that were not even part of AP’s world just a few years ago.

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The accounts payable function has changed radically over the past two decades—not only do the changes continue, but the pace of change continues to grow.

Keeping up to date with accounts payable best practices can prevent everyone’s nightmare—having the Internal Revenue Service or state auditors come knocking on your door due to inadvertent noncompliance with federal tax, state sales and use tax, unclaimed property, or other regulatory requirements. The Sarbanes-Oxley Act has put increased pressure on you to tighten up internal controls—as if there were not already sufficient internal pressure for decreasing risk. Juggling these ever-increasing requirements with the constant need to cut costs and do more with less has made it imperative for you to seek out what works now and implement those best practices.

Make sure your procedures reflect the most up to date best practices—while avoiding the damage caused by "worst practices"—with detailed information on the hottest topics in AP such as technology planning, invoice automation, organizational strategies, and the impact of regulatory changes on accounts payable.

Whether it’s handling invoices or staff relations, this 400+ pages Guide will give you not only those best practices that have stood the test of time, but the best practices built around functions and responsibilities that were not even part of AP’s world just a few years ago.

With checklists of over 500 AP best practices in 13 different categories, you'll get the help you need to:

• Save time and money by streamlining your invoice processing
• Learn the latest strategies for invoice imaging, electronic invoices, data capture, and workflow
• Avoid payment fraud via best ways to prepare, print, and distribute checks
• Clean up your master vendor file to eliminate fraud and duplicate payments
• Get control of travel & entertainment expenditures with effective policies
• Discover how organizations are growing their p-card programs while maintaining control
• Protect your organization from federal and state investigations by staying on top of regulatory issues, including Sarbanes-Oxley
• Improve your organization’s cash position by implementing new strategies for discounts
• See how to use proven process improvement strategies, such as benchmarking
• Determine if shared services, outsourcing, or offshoring is right for your AP department
• Reduce problems with customers—both internal and external
• Get guidance on the best ways to organize your department
• Learn proven ways to deal with staff management issues
• And much, much more!

IOFM’s new edition of the Complete Guide to AP Best Practices is a complete, full-service resource that can save you time and money— and give you the best ideas available to polish your accounts payable department.

This guide supplies you with the opportunity to see what others are doing to improve their departments.

No-Risk Web Offer: You get IOFM's Ironclad 100% Money-Back Guarantee: if you're dissatisfied with your report for any reason, return it within 30 days and you'll receive a full refund — with no questions asked.

To review this report's Table of Contents and Introductions, click here.