The New Accounts Payable Toolkit
- 7h 1m
- Christine H. Doxey
- John Wiley & Sons (US)
- 2021
THE NEW ACCOUNTS PAYABLE TOOLKIT
In The New Accounts Payable Toolkit, accomplished entrepreneur, consultant, and finance expert Christine H. Doxey delivers a unique and powerful approach to the accounts payable process and discusses the impact of the automation of the Procure to Pay (P2P) process. The toolkit explores all aspects of the accounts payable process, from the establishment of the contract and the purchase order to the supplier validation process, invoice processing and payment, accounting, and fiscal close.
You’ll learn the key metrics and analytics needed for the accounts payable process. This comprehensive toolkit provides the best practices, tools, and internal controls that can help safeguard your company’s cash and other assets. You’ll obtain a variety of tools to create the foundation required for current internal controls and compliance to ensure that suppliers are correctly validated in the supplier master file to maintain regulatory compliance.
Avoid paying fraudulent or inaccurate invoices and avoid paying a supplier’s invoice more than once. Be certain that all supplier invoices are properly accounted for to ensure an accurate fiscal close. Finally, stay up to date with all current and coming trends in the accounts payable process, including eInvoicing, ePayment, Robotic Process Automation (RPA), Artificial Intelligence (AI), Machine Learning, and eAccounting.
The New Accounts Payable Toolkit provides guidance for the implementation of AP automation solutions that can streamline and modernize your own systems and processes to take advantage of new digital developments.
Perfect for controllers, chief financial officers, and finance managers, The New Accounts Payable Toolkit will also earn a place in the libraries of students and professionals who seek to better understand the components of an optimal accounts payable
In this Book
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About This Toolkit
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The New AP Department
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Automating the AP Process
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What is the P2P Process?
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Transforming the P2P Process
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Structuring the AP Organization
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Supplier Selection and Management
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Contract Management
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Purchasing and Ordering
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Receiving
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The Supplier Master File
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Invoice Processing
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P-Cards
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Travel and Entertainment
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The Payment Process
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Accounting, Reconciliation Processes, Self-Audit Tools, and Internal Controls
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Customer Service
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Reporting, Analytics, and Benchmarking
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Supply Chain Financing (SCF)
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Escheatment
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Sales and Use Tax
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Independent Contractors and the 1099 Process
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Business Continuity Planning
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