Master the Invoice Process: Best Practice [AP + P2P]

The accounts payable invoice process has many moving parts. It is so easy to get one or more of the wrong – and even one tiny, what seems like an inconsequential misstep can cause havoc resulting in either a duplicate payment that is difficult, if not impossible to retrieve, a late payment, a disgruntled supplier or worse, an unhappy manager. We’ll go through the steps and the best practices you should use every step of the way so that doesn’t happen to you. Make sure you stick around until the end when we discuss one practice that will definitely make suppliers angry … and angry suppliers tend to call management and complain about you. #invoice #accountspayable #accountspayableprocess

Link to Rookie Invoice Mistakes
   • Rookie Invoice Processing Mistakes  

00:00 Introduction
00:54: Invoice Arrival
02:43 Three Way Match
06:25 Three Way Match Best Practices
09:17 Payment Options
11:50 Avoiding Duplicate Payments
20:00 Early Payment Discounts
25:35 Tracking Discrepancies
32: 45 Avoiding Errors
account payable

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