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APNow
Author: Mary Schaeffer
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Worried about keeping up with changing best practices, fraud, technology, regulatory concerns, and new processes impacting your accounts payable function? The AP Now podcast, hosted by Mary Schaeffer, one of the leading accounts payable experts, is for you.
Mary will be joined by other thought leaders and practitioners for some episodes. In others, she’ll examine a prevailing issue or trend by herself. This weekly broadcast is especially designed to provide the needed business intelligence related to the payment and accounts payable functions.
It’s for those who work in, manage, have responsibility for, or provide services to the accounts payable function. Find the AP Now podcast wherever you listen to podcasts or head over to www.ap-now.com, and sign up for our ezine to be alerted to new issues.
Mary will be joined by other thought leaders and practitioners for some episodes. In others, she’ll examine a prevailing issue or trend by herself. This weekly broadcast is especially designed to provide the needed business intelligence related to the payment and accounts payable functions.
It’s for those who work in, manage, have responsibility for, or provide services to the accounts payable function. Find the AP Now podcast wherever you listen to podcasts or head over to www.ap-now.com, and sign up for our ezine to be alerted to new issues.
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One of the many benefits of making ACH payments is that when they fail, you know almost immediately. And while they fail far less frequently than checks get lost, bounce or are stolen, it does happen. And when that occurs, the ACH payment is returned, hence the term, ACH returns. A good understanding of why returns occur will allow you to create a process that minimizes returns and allows you to respond quickly when they do fail. Today, we’ll discuss the most common reason for ACH returns, and then take a look at best practices to minimize this from happening as well as what to do when an ACH payment is returned. #ACH #ACHpayment #ACHdebits #ACHcredit
Link to ACH Credits and Debits: What’s The Difference https://youtu.be/HyLNyBLGGkY
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
Think your AP process is airtight? You might be leaking money and not even know it. Accounts Payable mistakes are quietly draining organizations—sometimes by millions—without setting off a single alarm. And here's the kicker: most teams have no idea it’s happening. These seemingly 'small' oversights are like slow leaks in a massive tank—silent, invisible, but deadly to your bottom line.
In this session, we’ll unpack the three most common AP missteps, explore what you think is happening versus what’s actually going on, and share best practices that leading organizations use to protect their cash flow, vendor relationships, and reputation.
Whether you’re a CFO, controller, or AP manager, this is your chance to review your process, sharpen your defenses, and walk away with actionable strategies to tighten controls, prevent fraud, and boost operational efficiency. Let’s look at three of the most common—and dangerous—AP mistakes, and chances are, at least one is happening in your organization right now. #accountspayable #accounting #invoice
Link to Invoice Best Practices https://youtu.be/Ta25w7SDXec
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
Are you ready to elevate your accounting game and streamline your financial operations? In this video, we dive deep into the core principles of Accounts Payable (AP)—the backbone of every successful accounting and finance department. Whether you're a seasoned professional or just starting out, understanding AP fundamentals like invoice processing, three-way matching, payment terms, and internal controls is critical to avoiding costly errors and improving cash flow. In an age, where automation, AI technology and ingenious frauds are common place, everyone needs to be on their toes – whether you work in, manage or simply have responsibility for the accounts payable function. In this fast-paced session, we not only review the process from a best practice standpoint, we investigate the new challenges of technology, AI, new regulatory issues and fraud and their impact facing everyone today.
Unclear accounting and accounts payable policies and procedures can lead to costly errors, compliance risks, and team confusion. This session dives into the essential role of a well-crafted policy and procedures manual in accounting and accounts payable departments. Learn how to streamline workflows, prevent fraud, ensure audit readiness, and foster accountability—without drowning in bureaucracy. Whether you're starting from scratch or refining existing documentation, you'll walk away with actionable strategies, proven templates, and insights that align with industry best practices. Learn how to improve your accounting operations with proven best practices for accounts payable, internal controls, and automation. Whether you're a financial controller, AP manager, or accounting student, this video offers practical tips to streamline your workflow, reduce errors, and prepare for audits. Perfect for CFOs, controllers, AP managers, and operations leads looking to improve internal controls and team performance. #accountspayable #accounting #policymanual #policyandprocedures
Link to Accounts Payable Best Practices Updated https://youtu.be/8RscSRl2BUI
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
Looking for more of the most current business intelligence about + Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
This video details **how to** write an **office procedures** manual and highlights the importance of **employee training**. Learn about **workplace policies** and the **policy review** process, aligning with **industry standard** **best practices**. #procedures #training
What do you say in a job interview when you’re hit with a question you completely blank on? Freeze, fake it, or finesse it? Today, I’ll show you how to handle this situation like a pro — without tanking your chances. What can you do? We’ve got a few suggestions that will help you maneuver out of these tight spots. By the end of this video, you’ll have 5 proven ways to respond — and 1 risky move you should never try. #interview #jobinterview #interviewquestions
Link to Preparing for a Job Interview as Few Do https://youtu.be/StE8zLOsQ2k
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Here’s the simple, yet shocking truth that no one talks about: Over one-third of all invoices are not accurate … and you know which way those errors are going … not in your favor. Compounding the problem are invoices that get paid twice – and no, the supplier doesn’t automatically return the second payment – fraudulent invoices and payments made from statements and of vendor credits. Let’s take a look at where and how these problems occur and what you can do to combat them. Stick around until the end when we address the solutions that don’t work, those tactics you think should protect you from paying incorrectly, but don’t actually do what you think they do. #invoices #invoice #accountspayable #accounting
Link to Accounts Payable Issues Everyone Ignores until Disaster Hits https://youtu.be/jU26nsuOVNA
Link to Three Way Match: The Complete Guide https://youtu.be/ysgyRbw3yVk
The Shocking Truth About Invoice Accuracy That Nobody Tells You
Subscribe for more tips and insights like this:
https://www.youtube.com/APNow?sub_confirmation=1
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
I’m sure most high-level executives would not agree (at least in public) with what I am about to say about Financial Statements, but that isn’t going to stop me. Here it is. When a public company has unpleasant information that it is obliged to divulge to its shareholders and would prefer not to be questioned about, they will often bury it in the notes to the Financial Statement, if at all possible – which means, if their auditors will allow them to. Clearly not all companies do this, but many do. That’s just one of the many reasons, savvy investors and others devour the notes to the financial statement with great relish. You should do the same. #notestofinancialstatements #fifthfinancialstatement #finacialstatements #accounting
Link to Balance Sheet and Income Statement A Beginners Guide https://youtu.be/Prv1UER1VI4
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Purchase orders are those very common documents that impacts many different departments within an accounting organization – from the purchasing professionals who create them, to the sales department who receives them and sees to the fulfillment of the order, to the billing department who creates the invoice associated with that purchase order and finally to the accounts payable team who uses that purchase order as part of their invoice verification process. Let’s take an in-depth look at exactly how POs work and what can and frequently does go wrong when they are not used correctly. We’ll also investigate blanket POs and the problems associated with this popular approach. #purchaseorder #purchaseorders #blanketpurchaseorder #PO
Link to Three Way Match: The Complete Guide https://youtu.be/ysgyRbw3yVk
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
Blinded by the administrative ease and the back-office cost savings, many accounting and accounts payable professionals embrace recurring payments without setting up the appropriate controls to prevent some very common mistakes … and these errors can be quite costly indeed. We’re going to address some of the problems recurring payments introduce into the payment process and then the best practices you can use to make sure these issues don’t occur in your organization. #payments #recurringpayments #accounting #treasury #creditcards
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
Link to Blanket Purchase Orders Explained https://youtu.be/RK8Vfp4lXZs
Sales tax holidays are one more way to save a few dollars, both for yourself personally as well as your business. They are not offered in every state, in fact some of the larger states, like New York and California, don’t seem to have them, although Texas and Massachusetts do. We’re going to do a very brief run-down of the holidays we know about and then tell you what to do if you think you might be able to take advantage. Unsurprisingly, the dates and items covered also vary by state.
Link to Crushing Imposter Syndrome https://youtu.be/nKfVtwRLeJY
#salestax #salestaxholiday #salestaxholidays
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
9 Unique and Powerful Interview Tips - ace your job interview by utilizing these simple strategies
Link to End of Job Interview Questions And Answers [Winner Secrets] https://youtu.be/v6jekPb7nZc
#jobinterview #interviewtips #accountspayableinterview
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
Is that invoice ready for payment? In accounts payable, best practice accounting organizations like to say, A good invoice gets a good payment. What makes an invoice good? It’s a lot more complicated than it might seem. Best practice accounts payable teams look at 8 different factors. Let’s look at them together. #accountspayable #threewaymatch #invoice #accounting
Link to The Three-Way Match: Comprehensive Guide
https://youtu.be/ysgyRbw3yVk
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
See most recent videos at: https://www.youtube.com/@APNow/videos
Costly overlooked issues that no one talks about could derail your accounts payable or accounting automation project. But once you know what they are, you can work around them AND recognize them when they arise.
Link to The Managing Interruptions Survival Guide https://youtu.be/lAaVtX1Y1vU
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
Are the trial balance and the balance sheet the same thing? Of course not. But, confusion between the two is more common than you might imagine. Let’s take a look at both of them so you understand what they are, how each is used and how they are different. They are both used in accounting, accounts payable and finance. But that is about where the similarity ends. Make sure you stick around until the end when we discuss the one critical difference few hone in on. And it is important. #trialbalance #balancesheet #accounting #accountspayable
Link to Avoiding Mistakes in the Trial Balance https://youtu.be/lZi5SNe7qYw
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
ookkeeping and accounts payable are closely connected, with many bookkeepers performing the accounts payable function. This guide is designed to ensure those doing that do so in a efficient and effective manner, while protecting against fraud and collecting all data necessary for complete regulatory compliance. This is harder than it sounds. #bookkeeping #bookkeepingtraining #accountspayable
Link to Accounts Payable Accounting A Guide to Almost Everything https://youtu.be/dGJP6V5J9as
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
When it comes to cash management, sometimes accounting and finance professionals miss the big picture … and they miss it big time. They can’t see the proverbial forest for their focus on the single cash tree. Today we’re going to take a look at both sides of the equation – payables and receivables – where cash management can make a difference – and NOT always the way you’d expect, despite the best intentions of the practitioners.
Don’t win the battle only to lose the war! Let me explain. Make sure you stick around until the end when we share the nasty tactic some organizations use to get their customers to pay twice. Everyone needs to be on the lookout to make sure they recognize when their suppliers are trying to pull this trick on them #cashmanagement #corporatecashmanagement #accounting
Link to ACH Payments: A Guide to Almost Everything https://youtu.be/0ihlDHHTQic When it comes to cash management, sometimes accounting and finance professionals miss the big picture … and they miss it big time. They can’t see the proverbial forest for their focus on the single cash tree. Today we’re going to take a look at both sides of the equation – payables and receivables – where cash management can make a difference – and NOT always the way you’d expect, despite the best intentions of the practitioners. Don’t win the battle only to lose the war!
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
Not understanding the nuances of the three critical accounts payable documents has caused more than a few accounting professionals countless hours of anguish. For one tiny misstep with regards to these documents can translate into duplicate payments, paying for something the supplier is supposed to pay for, paying too high a price or even worse, fraud. This means countless hours spent trying to get money back, fix mistakes or even more grueling, explaining what went wrong to management. To help you avoid all of these fates, let’s look at the documents, the potential problems and what you need to do to avert those headaches.
Link to Three Way Match: Complete Guide https://youtu.be/ysgyRbw3yVk
#accountspayable #invoices #payments
Subscribe for more tips and insights like this:
https://www.youtube.com/APNow?sub_confirmation=1
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Time and again, organizations skip critical vendor setup checks when setting up new vendors in the master vendor file, setting themselves up for financial losses, operational nightmares, and worst of all—an irate boss or board of directors demanding answers. Make sure you stick around until the end when we discuss the one task that many take a lackadaisical approach to, an approach that makes them inefficient and eats stealthily into your bottom-line profitability. #mastervendorfile #vendorfile #vendor #vendormanagement
Link to ACH Payments: A Guide to Almost Everything https://youtu.be/0ihlDHHTQic
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
Think LinkedIn is just for job hunters? Think again. Even if you love your job and plan to stay put, skipping LinkedIn today is a huge mistake for accounting, accounts payable, finance, and treasury professionals. . It’s not just about checking for job openings, it’s the platform every professional interested in their long-term career needs to be on. Let me show you why and how you can take your career to the next level – and meet some really interesting people along the way. #linkedin #linkedinprofile #linkedintips #jobsearch #careergrowth #careerdevelopment
Link to How to Find the Hidden Job Market https://youtu.be/_JHffWRipPM
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby