Manage episode 300691700 series 2500761
What You Need to Know to Work in Accounts Payable: Who Knew It Was So Complicated is an understatement. What You Need to Know to Work in Accounts Payable is more than most people realize. When a colleague said, who knew you had to know so much to work in accounts payable, I knew I had to do this podcast.
I created a list of 30 different subject areas that people need to know about accounts payable. It was pretty amazing. The topics you need to know to work in accounts payable are quite diverse. That’s why accounting and accounts payable are a lot more difficult than most people realize. It’s more than just accounts payable invoice automation. Accounts payable best practices basics is just the beginning. Accounts payable must incorporate internal controls to be considered best practice. But let’s now overlook accounts payable regulatory issue. There are quite a few of them including, but not limited to form 1099 reporting and FCPA compliance. To run a best practice accounts payable function all 30 areas must be addressed. This podcast is just a brief overview of each.
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What You Need to Know to Work in Accounts Payable is more than most people realize. There are 30 different topics you need to know about accounts payable. Clearly, accounts payable is not simple. The information you need to know (accounts payable) covers a variety of topics. Thus accounting and accounts payable professionals face quite a challenge when trying to run an effective accounts payable function. It’ definitely a lot more than just accounts payable invoice automation.
Host: Mary Schaeffer (https://www.ap-now.com/)
Credit: Music: https://www.purple-planet.com