Accounts Payable: Concise Overview

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Accounts payable, simply put, is the function within the corporate structure that pays an organization’s bills. Sounds simple enough; but once you’ve spent a little time delving into the process you realize that it’s only simple if you don’t mind: 

• Paying invoices twice
• Losing early payment discounts
• Getting in trouble with state auditors
• Being fined by those state auditors
• Tarnishing your vendor relationships
• Spending a lot more on the accounts payable process than is needed
• Getting hit over and over again with fraud losses (check, card and electronic payment)
• Overpaying your vendors
• Running an inefficient and costly operation    

                  ..... and of course,

• Trouble with the IRS.

Handling the accounts payable function effectively and efficiently takes some effort and a little knowledge. That’s where AP Now comes in. Our focus is accounts payable business intelligence. Our mission is to provide the business community with the most up-to-date information needed to run an efficient, regulatory compliant accounts payable function.

We begin with our free weekly ezine, e-AP News. It contains tips, news, job listings, information about upcoming educational events and an occasional contest. You can sign up to receive it here.

For those looking for more in-depth information we offer a 24 page monthly newsletter. You can request a sample issue here or by sending an e-mail to publisher@ap-now.com Put the words “Sample Issue” in the subject line and include your name, title and company name. 

Recognizing that some professionals prefer to listen rather than read, we regularly schedule webinars. Most of these are recorded and available on CD after the event.

We've designed a special 90-minute session to help professionals pinpoint the areas where their own operation could use a little process improvements. To register for our Advanced Accounts Payable Control issues webinar or purchase the CD go here.

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