Focus on the Basics to Build Good AP Practices

Accounting professionals in AP departments need to focus on the basic building blocks to provide a firm foundation to protect themselves and their organizations from scandal. Accounts payable staffers need to make sure their goals are clear and the correct accounting processes are in place. Finally, the policy manual needs to accurately reflect the stated goals and processes of the organization. SOMETIMES YOU HAVE TO RELY ON YOUR COMMON SENSE AND ASK: IS THIS EXPENDITURE APPROPRIATE? —…