Policies & Procedures

Q. I am in the midst of writing a new policy specific to prepayment or cash in advance payments… Read More

Use this letter template to notify vendors of changes in reporting of non-employee compensation using Form 1099-NEC.

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While many of the rules that AP has put in place may seem “silly” and even “overkill” by employees, they have been put in place for good reasons. The T&E Process Must Comply with IRS… Read More

Initiating a new accounts payable project involves a significant financial decision. Whether you are trying to win approval or want to demonstrate how an approved project will save your organization… Read More

To evaluate the effectiveness of their internal controls and audit programs, many companies have implemented a Quarterly Self-Assessment Questionnaire (SAQ) for all financial processes. Such… Read More

It's no exaggeration to say that effective internal controls drive an efficient accounts payable department. Without them, a company cannot survive for long, says Viji Eapen, Senior Accounts Payable… Read More

Big Picture

Accounts payable policies and procedures are designed to provide instructions to personnel who process AP documents. This includes personnel within the AP department, as well as

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Provides cardholders with a form to fill out if their card should become lost or stolen.

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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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