Accounts Payable: A Guide to Running an Efficient Department - Hardcover

Ludwig, Mary S.; Institute Of Management And Administration (IOMA)

Hardcover

ISBN 10: 0471298573 ISBN 13: 9780471298571

Publisher: John Wiley & Sons, 1999

Synopsis

In today′s competitive environment, corporate America is looking for ways to cut costs, improve cash flow and productivity– it is turning its eye to accounts payable. This is the first comprehensive book on running an effective A/P department.

This book is supplemented annually.

About this title

From the Author

Greetings & commentary on source of information used in book
Thank you for taking the time to read about my book.

Anyone who thinks that all you need to know to work in accounts payable is how to write a check will think differently after reading this book. Nothing could be further from the truth. Today’s accounts payable professional needs to have a wide range of knowledge in order to do an adequate job – never mind an outstanding one.

The information contained in this book comes from a wide range of sources. I have spent the last four years covering the accounts payable profession as the editor and writer of a monthly newsletter, IOMA’s Report on Managing Accounts Payable. The research I completed for the newsletter lays the groundwork for this book. It comes from listening to lectures, attending conferences and talking to professionals about various topics that affect accounts payable. These include corporate procurement cards (P-cards), imaging, positive pay, EDI, the Internet, VAT, T&E, payment timing, third party audit firms, check fraud, duplicate payments, and much much more.

A very small part of the book is based on the fifteen plus years I spent in corporate America interacting with various accounts payable departments.

But most of all, the information comes from accounts payable professionals toiling every day at companies large and small. As it turns out, this has been my best source of information. For the last four years I’ve talked to accounts payable managers from many companies, read what they had to say when they responded to our reader surveys and moderated an accounts payable discussion group on the Internet. This under-rated group of professionals has done some pretty amazing things with limited resources. And, they have willingly shared their best ideas asking nothing but perhaps that someone else will have the opportunity to make things work a little better at their company.

For many accounts payable functions, there is great flexibility as to what will work. This is good since many are constrained from implementing the policies and procedures that they believe are best because of factors outside their control. Budget considerations, limited IS resources, software limitations and corporate policy sometimes keep a professional from implementing the best strategies.

Given the positive response the book has received so far, I am confident that there will be a second edition in a few years. As you read this book, you may not agree with everything that is written or you may have a great idea that I have not included. In either case I would love to hear from you. I can be reached at schaeffermary@yahoo.com

Thank you for your time and good luck in all your accounts payable endeavors.

Mary Ludwig Schaeffer

From the Back Cover

Accounts Payable, Second Edition is the most complete guide to running a valuable accounts payable department.

This updated edition continues where the successful First Edition left off, providing all the critical information and guidance top professionals need to run an efficient department, complete with coverage of the innovative issues now facing the field and new material on:

• Encryption and digital signatures
• Electronic invoicing
• Purchase cards
• Post audit firms
• Petty cash
• Vendor fraud
• Certification

Supplemented annually to ensure the most helpful and up–to–date information, Accounts Payable, Second Edition is the one resource that accounts payable managers, controllers, and CFOs need at their fingertips.

Edition details

• Publisher: John Wiley & Sons
• Publication date: 1999
• Language: English
• ISBN 10: 0471298573
• ISBN 13: 9780471298571
• Binding: Hardcover
• Number of pages: 366