Policies & Procedures

Three Best Practices for Protecting and Managing Your Critical AP Records

By Pam Miller, APMD The first quarter of the new year is an extremely busy time. For those organizations that match their fiscal year to the calendar year, in addition to 1099s that need to get out… Read More

It's Time to Review AP’s Many Forms

By Pam Miller, APMD A well-designed form can do more than just collect information. A form can assist in making a task easier for AP and can create a historical record that will come in handy in the

Don’t Expose Your Organization to Liability with Flimsy Controls

By Pam Miller, APMD

While the Sarbanes-Oxley Act (SOX) was directed at public companies in the U.S., its effects are more far reaching. Many private organizations are choosing to follow the SOX

Rules for Electronic Records Are Evolving

January is a time to clear out the old and make space for the new. If you keep electronic records that are legally acceptable, do not keep the paper versions. The reason? If you keep the original

Create Clear Procedures to Yield Top AP Results

When Beth Hinten, APS, Accounts Payable Processor, joined CBC Companies, Inc.—a public records research and retrieval company based in Columbus, OH—she asked for a copy of the AP procedures

Your AP Employees May Be ‘Jailbreaking’ Without Your Knowledge

Employees like using smartphones because the devices are flexible, versatile, and convenient. And now, the devices are increasingly being accepted by employers because smartphones can substantially

Business Ethics - How to Avoid Disastrous Consequences

David A. Brookmire, President Corporate Performance Strategies Tough economic times bring on increased pressures for employees to cut corners and “push the envelope” to generate sales and

Making Strategic Payments in Three Currencies

Impeccable cash management is the hallmark of a top-performing AP department. It is one of the key accomplishments that help AP departments gain status within their companies. "The quality of AP’s

Stop that Contractor! Excluded Parties List System

Paying the wrong person or business can land your organization in hot water. While all U.S. payees are required to check their vendors against lists such as the Office of Foreign Assets Control's SDN

Every Which Way but the Right Way: Getting Invoices to AP

A frequent recommendation for improving the AP process is to state, as a matter of policy, that all invoices must be sent directly to AP. Once AP has captured the invoices, they can then be sent on