Best Practices for Invoice Handling ON DEMAND

Overview

Best practices for the invoice handling function are critical for those organizations concerned about their profitability. Poor practices result in excess costs, duplicate payments, increased processing expenses, fraud, and frayed vendor relationships. This course presents information you can use to identify best practice problems. Industry expert Mary S. Schaeffer explains the invoice issues, then reveals the best practices, almost best practices, and worst practices for each problem facing accounts payable dealing with invoice handling.

Highlights

Receipt of invoices. Invoice handling-approvals. Invoice data requirements. Verifying invoice data. Invoice-coding standards. Short-paying invoices. Handling unidentified invoices. Handling invoices without invoice numbers. Discrepant invoices.

Prerequisites

None.

Designed For

CPAs, CFOs, controllers, financial professionals, and auditors.

Objectives

Identify effective invoice receipt practices. Cite effective data entry rules for invoice processors. Identify best practice invoice handling routines.

Preparation

None.

Notice

None.