Following are some of the best practices for managing account payable with one Exception. Validate...
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Following are some of the best practices for managing account payable with one Exception. Validate supplier invoices against contract terms and their associated POs to ensure billing accuracy Have the same individuals prepare and review all reconciliations to reduce the likelihood of overpayment or duplicate payments Pay supplier invoices as soon as possible, preferably soon after they are received Select a method of payment ie cheque, EFT, credit card that minimizes bank charges. 
Following are some of the best practices for managing account payable with one Exception.
Validate supplier invoices against contract terms and their associated POs to ensure billing accuracy
Have the same individuals prepare and review all reconciliations to reduce the likelihood of overpayment or duplicate payments
Pay supplier invoices as soon as possible, preferably soon after they are received
Select a method of payment ie cheque, EFT, credit card that minimizes bank charges.
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