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Accounting Accounts Payable: How Suppliers Trick You into Paying Twice
Manage episode 468654799 series 2500761
Let me start off by shattering a common misconception among many finance and accounting professionals: If you pay a supplier twice – most won’t automatically return your payment. That’s right they don’t nicely return the money. That’s why it’s critical that you recognize the games or practices that devious suppliers use to get you to pay them twice. Some of these practices are used legitimately making it difficult to identify devious suppliers. So let’s take a look at some of their dubious practices.
Link to 5 Quick Tips for Faster Invoice Processing https://youtu.be/ozS8bBmSL_4
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
#payment #accountspayable #accounting #finance
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
100 episodes
Manage episode 468654799 series 2500761
Let me start off by shattering a common misconception among many finance and accounting professionals: If you pay a supplier twice – most won’t automatically return your payment. That’s right they don’t nicely return the money. That’s why it’s critical that you recognize the games or practices that devious suppliers use to get you to pay them twice. Some of these practices are used legitimately making it difficult to identify devious suppliers. So let’s take a look at some of their dubious practices.
Link to 5 Quick Tips for Faster Invoice Processing https://youtu.be/ozS8bBmSL_4
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
#payment #accountspayable #accounting #finance
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
100 episodes
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