Creating an Effective Accounts Payable Policy and Procedures Manual

Why Should You Attend:

A good policy and procedures manual should provide a roadmap for how any accounts payable function is run. Created carefully, it can do much more than simply document your current procedures. You can use it as a training tool, a resource for the entire department and to instruct others how to comply with accounts payable requirements.

Learning Objectives:

After this session, you will be able to:

• Create an accounts payable policy from scratch without sidelining a staffer
• Update an existing policy that hasn’t been changed in years
• Utilize your policy to run a more efficient accounts payable function
• Avoid errors and fraud by correctly setting up the policy
• Explain how to make the policy more user-friendly

Areas Covered in the Webinar:

• How to create an accounts payable policy and procedures manual
• What should go in the manual and what shouldn’t
• How to make your manual more user friendly
• Mistakes to avoid when putting the policy together
• How to ensure the manual actually gets written and doesn’t get backburned
• How to make putting the manual together a group project
• How to help the staff get over their fear of writing
• How to get started

Who Will Benefit:

• Accounts payable managers, directors, supervisors, analysts, professionals associates
• Accounting manager, assistant accounting manager
• Controller
• Assistant controller
• Auditor
• Purchasing professional
• Procure2Pay manager, director
• Payables manager

Mary Schaeffer
Accounts Payable Best Practice Trainer, Writer/Content Creator, Consultant and Program Developer

Mary S. Schaeffer, a nationally-recognized account payable expert, is the author of 18 business books, a monthly newsletter, and a free bi-weekly e-zine, as well as several CPE courses for CPAs. She runs AP Now, a boutique publishing and consulting firm focused on accounts payable issues. She also serves as the Education Director for the Institute of Financial Operations. Before turning to writing and consulting she worked in the corporate world as an Assistant Treasurer for the Equitable Life Assurance Society, a Financial Risk Manager for O&Y and a Corporate Cash Manager for Continental Grain. A frequent and popular speaker at both live and online events, she has an MBA in Finance and a BS in Mathematics.

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