Worst Accounts Payable Practices [What to Do Instead]

Worst accounts payable practices and what to do instead examines 3 common accounts payable practices that no one should be using. Worst practices in accounts payable, a dirty little secret no one likes to talk about. But truth be told, these worst accounts payable practices are in place in more organizations than you might imagine. These worst accounts payable practices are the antithesis of best practices, i.e. they both loosen accounts payable internal controls and they facilitate fraud. #accountspayable #accountspayablebestpractices #accountspayableworstpractices

The accounts payable worst practices discussed should not be used as the demonstrate weak controls and facilitate fraud. That’s why in this video, we suggest the alternative accounts payable best practices that should be used in place of these accounts payable worst practices. Worst practices in accounts payable are rarely talked about because no one likes to admit that they are using less-than-optimal practices in their accounts payable operations, especially when that results in fraud and additional work and potential Sarbanes Oxley violations.

Worst accounts payable practices and what to do instead takes a look at a few prevalent accounts payable practices that no one should be using. That is, they are accounts payable worst practices.

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