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Best ap practices apnow schaeffer

BEST ACCOUNTS PAYABLE PRACTICES FOR INVOICE HANDLING

CPE Processing Fee$10.00
Webinar TranscriptionN/A
Presentation Length Hour(s)1.0 hour
CPE1.0
Subject AreaAccounting
Course LevelOverview
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateJun 01, 2018
Date OfferedJun 01, 2018
Series: Bookkeeper
Course Description

Best practices for the invoice handling function are critical for those organizations concerned about their profitability. For poor practices result in excess cost, duplicate payments, increased processing expenses, fraud and frayed vendor relationships. This course presents information the professional can use to identify best practice problems. Industry expert Mary S. Schaeffer explains the invoice issues. She then reveals the best practices for a myriad of these problems as well as identifying almost best practices for those cases where it is not possible to use the best practice and the worst practices which are likely to cause trouble.

Learning Objectives:


  • Create effective invoice receipt practices

  • Establish effective data entry rules for invoice processors

  • Construct best practice invoice handling routines

  • Define effective practices when short-paying invoices

  • Develop stands for handling unidentified invoices

  • Establish a process for managing discrepant invoices

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Review Questions
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Mary S. Schaeffer, a nationally recognized accounts payable expert, is the author of 18 business books, a monthly newsletter and a free weekly e-zine, as well as 10l CPE self-study courses for CPAs. She runs AP Now, a boutique publishing and consulting firm focused on accounts payable issues. Before turning to writing and consulting she worked in the corporate world as an Assistant Treasurer for the Equitable Life Assurance Society, a Financial Risk Manager for O&Y and a Corporate Cash Manager for Continental Grain. A frequent and popular speaker at industry live and online events, she has an MBA in Finance and a BS in Mathematics.

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CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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