This pop quiz internal controls will help you determine if you have the proper invoice controls, or invoice internal controls. This issue is part of any good accounts payable best practices training. The issue of internal controls in accounting is critical if you wish to avoid duplicate payments, which virtually every company does.
Lack of these controls is why why invoices get paid twice. If you wish to stop paying duplicate invoices it is critical that you adopt invoice best practices. If you wish to avoid fraud then the insights on change of bank account requests will be of great use to you. Accounts payable best practices, especially when it comes to invoice best practices training, sometimes referred to as invoice processing best practices, will include all of these controls.
Training for accounts payable and accounting is key if you wish to avoid weak internal controls in accounts payable. Strong internal controls in accounts payable are critical whether discussing invoice processing or other accounts payable issues.
Watch Changing Invoice Best Practices playlist:
https://www.youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh
Learn more about AP Now: www.ap-now.com
One way to determine if your controls are up to snuff is to take this pop quiz in internal controls. Strong invoice controls should be a part of all accounts payable best practices. Invoice internal controls should be part of any good accounts payable best practices training. The issue of internal controls in accounting is important as companies everywhere strive to avoid duplicate payments.
Host: Mary Schaeffer (www.ap-now.com)
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