- Membership
- Certification
- Events
- Community
- About
- Help
Responsibility for Managing the AP Department Budget
February 14, 2025
Q. In your company, is developing and maintaining an AP departmental budget the responsibility of the AP Manager? Or does that responsibility lie outside of the AP department? If outside, which department does this responsibility reside in?
A.
(Answered by a member of IOFM's Advisory Panel)
Historically, any AP department I have stepped into has not had a budget. I generally ask to become part of the budgeting discussions and build one out for AP and submit to the owners of the process. I…
Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.
What are you waiting for?
