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Essentials of Accounts Payable



Full of valuable tips, techniques, illustrative real-world examples, exhibits, and best practices, this handy and concise paperback will help you stay up to date on the newest thinking, strategies, developments, and technologies in accounts payable.

"A real-world approach, with great insights and practical wisdom on all aspects of the accounts payable process. Essentials of Accounts Payable provides accounts payable professionals with a framework for action in a rapidly changing environment."
–Tom Nichols, Division Manager, Accounts Payable Operations, AT&T

"Mary Schaeffer has combined her considerable knowledge of the accounts payable process with the learning and benchmark statistics from top companies to produce a world-class guide to the AP process. Without Mary Schaeffer, and IOMA, AP would still be a neglected financial process without any formal reading to explain the complexities of a process that most companies think is simply paying the bills. This book is a must-read for anyone working in, directing, or managing AP operations, both seasoned professionals and those new to the process."
–Linda Sawyer Sisko, Programs Manager, Cisco Systems, Inc.

"This book does an excellent job of explaining the often complicated basics of the accounts payable functions. It provides a quick snapshot for busy executives who need to know how an accounts payable department should run. It is an excellent update for those executives who need to keep up to date on numerous issues that affect this rapidly evolving profession."
–Adrienne Glasgow, Chief Financial Officer, American Red Cross in Greater New York

The Wiley Essentials Series–because the business world is always changing...and so should you.

Mary S. Schaeffer is the Editorial Director and Publisher of Accounts Payable Now & Tomorrow, a newsletter devoted to payment issues. She also pens, e-News from the AP Front, a complimentary e-zine for the payment community. She's the author of ten books and numerous magazine, newsletter and newspaper articles. Her books have been used in several certification programs. She is a member of the New York Financial Writers Association. She is currently working on two additional books for John Wiley & Sons.
Some Accounting and Bookkeeping Basics.

Invoice Handling: The Three-Way Match and More.

Checks: The Traditional Payment Mechanism.

Exception Handling and Those Dreaded Rush Checks.

Preventing Duplicate Payments and Other Common Errors.

Paying Lost or Missing Invoices without Creating Additional Problems.

Improving the Relationship with Purchasing.

Master Vendor Files: An Often-Overlooked Function.

Discounts, Deductions, and the Problems They Cause.

Travel and Entertainment: The Traditional Functions.

Travel and Entertainment in the Twenty-First Century.

Electronic Data Interchange: The Key to a Paperless Accounts Payable World.

Using the Internet in Accounts Payable.

Extensible Markup Language: What Account Payable Pros Need to Know.

Procurement Cards and Their Impact on the Accounts Payable Function.

Fraud: Vendor, Employee, and Check.

How Companies Are Now Using Technology in Accounts Payable.

High-Level Accounts Payable Concepts.

Managing Your First Accounts Payable Department.

Accounts Payable in the Twenty-First Century.

Additional Resources.