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Check Signing: An Accounts Payable Internal Control or a Complete Waste of Time

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Manage episode 428079595 series 2500761
Innehåll tillhandahållet av Mary Schaeffer. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Mary Schaeffer eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

Manual signing of checks in accounts payable, or at least checks deemed to be sufficiently large enough to require qn extra review, is still a common occurrence in quite a few organizations. Often the financial controller will require this along with other accounting stuff. If this really a good idea or does it just give management a false sense of security? Make sure you stick around until the end when we reveal the instances when getting a manual signature on checks is actually a bad idea. #paymentsindustry #accountspayable #accountspayableinternalcontrolls

Link to Effective Controls in Accounts Payable https://www.youtube.com/watch?v=-qufVLs_aAU&list=PLtL6rWSXZ-HflLDp781KPV5rTYPjxfQ1L&index=4

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!!

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

+++++++++++++++++++++++

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

Other

++++++++++++++++++++++++++++++++++

Website: https://www.ap-now.com/

Linkedin AP Now: https://www.linkedin.com/company/ap-now/ Twitter: https://twitter.com/Accountspayable

More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable

  continue reading

100 episoder

Artwork
iconDela
 
Manage episode 428079595 series 2500761
Innehåll tillhandahållet av Mary Schaeffer. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Mary Schaeffer eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

Manual signing of checks in accounts payable, or at least checks deemed to be sufficiently large enough to require qn extra review, is still a common occurrence in quite a few organizations. Often the financial controller will require this along with other accounting stuff. If this really a good idea or does it just give management a false sense of security? Make sure you stick around until the end when we reveal the instances when getting a manual signature on checks is actually a bad idea. #paymentsindustry #accountspayable #accountspayableinternalcontrolls

Link to Effective Controls in Accounts Payable https://www.youtube.com/watch?v=-qufVLs_aAU&list=PLtL6rWSXZ-HflLDp781KPV5rTYPjxfQ1L&index=4

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!!

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

+++++++++++++++++++++++

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

Other

++++++++++++++++++++++++++++++++++

Website: https://www.ap-now.com/

Linkedin AP Now: https://www.linkedin.com/company/ap-now/ Twitter: https://twitter.com/Accountspayable

More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable

  continue reading

100 episoder

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