Publisher's Synopsis
The accounts payable function is a lot more complicated than many realize. That's why we put this book together. Old practices often are inefficient and ineffective, resulting in duplicate and improper payments, extra costs associated with running the function, fraud and continual trouble with state and federal regulators. No one wants that.
To create a solid foundation, best practices must be used and strong internal controls integrated throughout the function. For all that to happen, a good understanding of the fundamentals of the accounts payable function is required. That is the goal of this book and it is a lot more complicated than many realize.
Now many professionals reading this book will already know some of what's included. After all, we all know how to pay bills. For starters, there's a right way and a wrong way to handle the functions related to paying invoices. What's more, the function is changing thanks to technology, new frauds and increased regulatory requirements. So, while some of the fundamentals have stayed the same for many years, a lot has changed.
And, that's just the tip of the iceberg; there's a lot more to the accounts payable function than just paying bills (invoices).
