Policies & Procedures

The table of contents below lists the policies and forms available for the development of your AP Manual. A copy of this table of contents is available in the AP Tools resources, and may be… Read More

Reporting on additions and changes to the master vendor file is one of the best tools available to ensure that unauthorized persons are not tampering with the file and that the vendors being added or

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An accounts payable department is only as strong as its internal controls. A weak segregation of duties or a lax invoice approval policy can leave your organization vulnerable to fraud. Establishing

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AP departments often find themselves having to comply with new laws and regulations—whether it’s a new VAT regime or a majorly tweaked IRS regulation. To tackle such regulatory challenges and to

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By Pam Miller, APMD There are many controls that can be put into place to ensure that the transactions completed are valid and that the organization is protected from deliberate fraud as well as… Read More

At one time, purchasing and accounts payable used different systems, each with its own vendor master file. Purchasing’s vendor master was a tool for issuing POs, while AP’s vendor master was a… Read More

When reimbursing employees for the business use of their personal cars, there are different methods you can use. You can reimburse actual costs, but you’ll need detailed substantiation and… Read More

The security budget is a particularly sensitive area for controllers, not just because of the threats organizations face today, but also because of the greater scrutiny of their firm’s preparedness

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A chilling observation from Disaster Recovery Planning reveals that “a company that is denied access to mission-critical data for more than 48 hours will be out of business within one… Read More