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Accounts Payable Best Practices - Webinar (ONLINE EVENT: May 9, 2025)

  • Webinar

  • 90 Minutes
  • 9 May 2025 13:00 EST
  • Lorman Business Center, Inc.
  • ID: 6057059

Learn How Entity Types Impact AP Posting, Prevent Fraud, Implement Controls, Manage Vendors, and Maintain Accurate Payables

Learn how different entity types alter the way accounts payable are processed and where transactions flow to the financial statements. Develop a hit list on preventing and recognizing fraud in the payables wheelhouse and how to implement internal controls to protect your payables process. Learn the best practices of vendor maintenance. Gain good bookkeeping practices to keep your payables current and accurate.

Learning Objectives

  • You will be able to explain how different types of entities’ payables flow to various and appropriate accounts on the financial statements.
  • You will be able to recognize fraud risks and implement prevention strategies.
  • You will be able to discuss how to implement good bookkeeping practices for your AP staff.
  • You will be able to identify best practices in vendor maintenance.

Credits

  • Live Webinar
    • AIPB 1.5
    • CPE 1.8 including Business Management and Organization 1.8

Agenda

Entity Types Effect Posting Procedures

  • Wholesale vs. Construction vs. Accounting Entities
  • Posting Bills to Inventory, COGS, or Overhead Expenses

Accounts Payable Fraud

  • Methods of Fraud Payables Clerks Might Use
  • Methods to Find Potential Fraud

Internal Controls in Accounts Payable

  • Segregation of Accounts Payable Tasks
  • Fast and Easy Steps to Implement Internal Controls

Vendor Maintenance

  • Proactive Vendor Set up
  • Avoid the Year-End 1099 Vendor Headache

Good Bookkeeping Practices for the AP Clerk

  • Prevent Duplicates, Underpayments and Overpayments
  • Helping Your AP Staff Become Good Steward of Your Books

Questions and Answers

Speakers

  • Donna Wright
  • Ms Donna Wright,
    Founder ,
    Doing Books Right


    • Founder and owner of Doing Books Right, established in 2005
    • Freelance full charge bookkeeping since 1999
    • Certified Bookkeeper, QuickBooks ProAdvisor
    • Master level bookkeeper, with over twenty years’ experience in Full Charge Bookkeeping, QuickBooks, GAAP, accounting clean up, management, and payroll.
    • Wide range of expertise regarding clean up and set up of various entities from the private sector such as agriculture, gas stations, food services, wholesale, construction, and retail to non-profit churches, rescues, leagues, schools, and the healthcare industry
    • Consultant and trainer who works with businesses to clean up their books, understand and develop long-lasting procedures for maintaining accurate financial reports
    • Development and implementation of Standard Operating Procedures

Who Should Attend

This live webinar is designed for accountants, CPAs, controllers, CFOs, tax managers, tax preparers, presidents, vice presidents, finance directors, accounts payable professionals, and bookkeepers.