{"id":9235,"date":"2021-10-14T10:15:55","date_gmt":"2021-10-14T08:15:55","guid":{"rendered":"https:\/\/altax.al\/?post_type=product&#038;p=9235"},"modified":"2021-11-15T11:00:52","modified_gmt":"2021-11-15T10:00:52","slug":"accounts-payable-best-practices","status":"publish","type":"product","link":"https:\/\/altax.al\/en\/product\/accounts-payable-best-practices\/","title":{"rendered":"Accounts Payable best practices"},"content":{"rendered":"<p>The book starts at the beginning, reviewing the way invoices\u00a0are processed. It identi\ufb01es a number of potential problem areas\u00a0and then offers best practice solutions. Some of the items\u00a0may\u00a0seem mundane to those not intimately familiar with AP. However,\u00a0if they are ignored, expect duplicate payments and\u00a0perhaps\u00a0even fraud to increase.<\/p>\n<p>Successful AP departments are starting to realize\u00a0that they have customers\u2014both internal and external. By\u00a0\ufb01nding ways to deal with both, they are also improving vendor\u00a0relationships. Those that do not make this leap can hurt the\u00a0vendor relationship and increase costs as poor communications\u00a0with other departments run up the dispute resolution\u00a0bill.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Companies should be interested in implementing best practices\u00a0in their accounts payable (AP) operations for the same\u00a0reason\u00a0that Willy Sutton focused on banks\u2014it\u2019s\u00a0where the\u00a0money\u00a0is. The fundamental structure of the AP function is\u00a0that\u00a0it is about a company\u2019s\u00a0\ufb01nancial integrity.<\/p>\n<p>The AP function has changed radically over the last years,\u00a0and it appears that the transformation will continue at least\u00a0for the foreseeable future.\u00a0With reduced resources and increased scrutiny, implementing\u00a0best practices in AP is more crucial than ever. Strictly focusing\u00a0on cost is apt to get a company into trouble. While keeping\u00a0costs down is a good idea, it is important not to let that be the\u00a0only consideration. It is important that suf\ufb01cient thought also\u00a0be given to adequate controls, fraud prevention, and good\u00a0vendor relationships.<\/p>\n","protected":false},"featured_media":9236,"template":"","meta":{"inline_featured_image":false},"product_brand":[],"product_cat":[10379],"product_tag":[10357],"class_list":{"0":"post-9235","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-altax-library-en","7":"product_tag-accounts-payable","9":"first","10":"instock","11":"sale","12":"downloadable","13":"virtual","14":"purchasable","15":"product-type-simple"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Accounts Payable best practices - ALTAX<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/altax.al\/en\/product\/accounts-payable-best-practices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Accounts Payable best practices - ALTAX\" \/>\n<meta property=\"og:description\" content=\"Companies should be interested in implementing best practices\u00a0in their accounts payable (AP) operations for the same\u00a0reason\u00a0that Willy Sutton focused on banks\u2014it\u2019s\u00a0where the\u00a0money\u00a0is. The fundamental structure of the AP function is\u00a0that\u00a0it is about a company\u2019s\u00a0\ufb01nancial integrity.  The AP function has changed radically over the last years,\u00a0and it appears that the transformation will continue at least\u00a0for the foreseeable future.\u00a0With reduced resources and increased scrutiny, implementing\u00a0best practices in AP is more crucial than ever. Strictly focusing\u00a0on cost is apt to get a company into trouble. While keeping\u00a0costs down is a good idea, it is important not to let that be the\u00a0only consideration. It is important that suf\ufb01cient thought also\u00a0be given to adequate controls, fraud prevention, and good\u00a0vendor relationships.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/altax.al\/en\/product\/accounts-payable-best-practices\/\" \/>\n<meta property=\"og:site_name\" content=\"ALTAX\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Fiskalisti\/\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-15T10:00:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/altax.al\/wp-content\/uploads\/2021\/10\/payable.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/altax.al\/en\/product\/accounts-payable-best-practices\/\",\"url\":\"https:\/\/altax.al\/en\/product\/accounts-payable-best-practices\/\",\"name\":\"Accounts Payable best practices - ALTAX\",\"isPartOf\":{\"@id\":\"https:\/\/altax.al\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/altax.al\/en\/product\/accounts-payable-best-practices\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/altax.al\/en\/product\/accounts-payable-best-practices\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/altax.al\/wp-content\/uploads\/2021\/10\/payable.jpg\",\"datePublished\":\"2021-10-14T08:15:55+00:00\",\"dateModified\":\"2021-11-15T10:00:52+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/altax.al\/en\/product\/accounts-payable-best-practices\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/altax.al\/en\/product\/accounts-payable-best-practices\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/altax.al\/en\/product\/accounts-payable-best-practices\/#primaryimage\",\"url\":\"https:\/\/altax.al\/wp-content\/uploads\/2021\/10\/payable.jpg\",\"contentUrl\":\"https:\/\/altax.al\/wp-content\/uploads\/2021\/10\/payable.jpg\",\"width\":300,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/altax.al\/en\/product\/accounts-payable-best-practices\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/altax.al\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Shop\",\"item\":\"https:\/\/altax.al\/en\/shop\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Accounts Payable best practices\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/altax.al\/#website\",\"url\":\"https:\/\/altax.al\/\",\"name\":\"ALTAX\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/altax.al\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/altax.al\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/altax.al\/#organization\",\"name\":\"ALTAX\",\"url\":\"https:\/\/altax.al\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/altax.al\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/altax.al\/wp-content\/uploads\/2021\/11\/LOGO-ALTAX.svg\",\"contentUrl\":\"https:\/\/altax.al\/wp-content\/uploads\/2021\/11\/LOGO-ALTAX.svg\",\"width\":\"1024\",\"height\":\"1024\",\"caption\":\"ALTAX\"},\"image\":{\"@id\":\"https:\/\/altax.al\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Fiskalisti\/\",\"https:\/\/www.instagram.com\/altaxstudio\/\",\"https:\/\/www.linkedin.com\/in\/altax\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Accounts Payable best practices - ALTAX","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/altax.al\/en\/product\/accounts-payable-best-practices\/","og_locale":"en_US","og_type":"article","og_title":"Accounts Payable best practices - ALTAX","og_description":"Companies should be interested in implementing best practices\u00a0in their accounts payable (AP) operations for the same\u00a0reason\u00a0that Willy Sutton focused on banks\u2014it\u2019s\u00a0where the\u00a0money\u00a0is. 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