Accounts Payable Obsolescence in the Next Three Years [Is Your Job Safe]

Are you concerned about the future of the accounts payable function – whether you work in, manage or have responsibility for it? Do you want to future proof your job? Then this talk is for you. If you saw the movie, Numbers, you might remember those women, the women who did all the calculations behind the first mission to the moon. They did them by hand and people got in rocket ships and were blasted to the moon based on those calculations. So, they had to be correct. Well, the job of a human computer exists no more. Will the same thing happen to accounts payable? Yes and No. Let me explain. Make sure you stick around until the end when I share the one career move that will spell disaster, if you take it in this environment. #accountspayable #accounting #career

Perhaps this will make you wonder what the accounts jobs, gone by 2040? It’s a good question along with Is your job future proof? It’s something to think about when preparing interview questions and answers. Whether you are questioning how accounts payable is explained or accounting explained, the issue of the obsolescence of the accounts payable function or the accounting function is something to take into consideration.

The accounts payable invoice process is critical to the success of the accounts payable function. The three-way match concept is the standard approach used in accounts payable departments across the country, or at least those that use accounts payable best practices. It involves comparing the purchase order vs invoice and the receiving document and is a strong accounts payable internal control.

 

Link to 5 Ways AP Has More Work Despite Automation
https://youtu.be/6Rs2eYHcKLg

Link to What You Need to Know to Work in Accounts Payable: Was Knew it Was So Complicated
https://www.youtube.com/watch?v=UGFaUkiNPP0&t=144s

Link to the Avoiding Duplicate Payment playlist
https://youtube.com/playlist?list=PLtL6rWSXZ-Hfm-G5d8-CpBsC3xi-nQTn2

Link to Vendor Credits: Why They May Be Disappearing and How to Stop It
https://youtu.be/Kog6wm8lr_k

Link to AP Now’s Invoice Series
https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com Host:

Host: Mary Schaeffer (www.ap-now.com