As a new accounts payable manager, it's important to avoid common mistakes. In this video, we'll cover some tips on how to effectively manage your accounts payable while avoiding pitfalls. Whether you're new to accounting or an experienced manager, these tips will help you improve your accounts payable process. #accountspayable #accounting #management
Link to Accounts Payable Understanding Surprising Complexity https://youtu.be/SZ0qVUUwjzQ
Link to A Day in the Life of Accounts Payable
https://youtu.be/K79TlPGjoFk
Link to Separation of Duties in Accounts Payable
https://youtu.be/mL6f1Q8gP5M
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00:00 New Accounts Payable Management: Avoid These Common Mistakes
00:55 AP Management Mistake #1: The Silver Bullet
02:46 AP Management Mistake #2: The Trickle-Down Impact
04:31 AP Management Mistake #3: The Checks and Balances Issue
06:22 AP Management Mistake #4: The Where Did The Day Go Issue
07:45 AP Management Mistake #5: The Complexity Issue