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The event features guest speakers (including government officials and industry experts), a payroll and AP exhibit hall, and more than 100 workshops on topics related to payroll and accounts payable (AP). [2] The Association also publishes a library of resource texts and newsletters for payroll professionals. [3]
Accounts payable personnel must watch for fraudulent invoices. In the absence of a purchase order system, the first line of defense is the approving manager. However, AP staff should become familiar with a few common problems, such as " Yellow Pages " ripoffs in which fraudulent operators offer to place an advertisement.
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Once an invoice arrives, the accounts payable clerk must ensure that the document is indeed an invoice. Then the clerk classifies and sorts the invoice into various categories (e.g., by vendor, by transaction type, or by department). The definition of invoice categories is usually unique to a specific organization.
MIT OpenCourseWare (MIT OCW) is an initiative of the Massachusetts Institute of Technology (MIT) to publish all of the educational materials from its undergraduate- and graduate-level courses online, freely and openly available to anyone, anywhere.
The P2P systems enable the integration of the purchasing department with the accounts payable (AP) department. Some of the largest players of the software industry agree on a common definition of procure-to-pay, linking the procurement process and financial department. The steps usually included are: Supply management
Many financial institutions allow you to designate a payable-on-death (POD) beneficiary, or multiple beneficiaries. Your POD beneficiary then inherits your account upon your death.
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