Accounts Payable

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Accounts Payable

Robert Ruhno
Seven Useful Microsoft Excel Features You May Not Be Using

Seven Useful Microsoft Excel Features You May Not Be Using

Microsoft Excel is packed with useful data management features that don’t see a lot of use, like pivot tables, index and match, and conditional formatting. If you’re just using excel to sum and chart columns, this graphic can show you some other tools to help you become the spreadsheet ninja you always wanted to be.

Tips that help you out when choosing an attire for your job interview.

Hope these tips help you out

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Accounts Payable Professionals: Cheat Sheet to: Planning your Lunch & Learn meetin...

Cheat Sheet to: Planning your Lunch & Learn meeting

A once a month lunch & learn meeting with your A/P team is a great idea. It is much better than trying to explain things to one person at a time (because you can get everyone onboard, at the same time). To start, it is always a good idea to create a meeting agenda. One that bullet points the topics that will be discussed. Make sure to hand out this meeting agenda before the meeting (so your people will know what to expect, and can start thinking about the subject ahead of time). Pick three…

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Instagram post by Accounts Payable Professionals • Mar 29, 2017 at 3:09pm UTC

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Accounts Payable Professionals: Happy AP Appreciation Week!

Happy AP Appreciation Week!

The week of October 10th thru the 14th has been declared as AP Appreciation Week. So thank you for all the hard work you do! I know first hand that AP is more than, "just paying the bills". Sometimes it is like you are taking on several roles at the same time: accountant, police, economist, politician, teacher, and occasionally mental health therapist! lol. Happy AP Appreciation Week! During AP Appreciation Week, our friends at IOFM and the AP & P2P Network will treat one hardworking AP…

Accounts Payable Professionals: What is the strangest thing you've seen on an expe...

What is the strangest thing you've seen on an expense report?

I've worked in A/P for a long time and have seen some weird things, especially in employee expense reports! Two such weird expenses come to mind: * On an expense report, an employee tried to get reimbursed for a pair of $200 pants purchased at Macy's in NYC. In the description, they wrote that they ripped their pants while getting out of a taxi, right before a client meeting. * I was reviewing an expense report when I noticed two airline seats for the one employee. When I investigated to…

Accounts Payable Professionals: The Steps to becoming an Accounts Payable Professi...

The Steps to becoming an Accounts Payable Professional

Being an Accounts Payable Professional is a state of mind. It is a desire to be the best at what you do and the realization that your job is more than just paying bills. An Accounts Payable Professional wants to raise the standards and learn what the best practices are (and implement best practices in their office). So here are the steps: Step 1: Get paid for working on an Accounts Payable related job. Step 2: Join the Accounts Payable Professionals group and interact with your peers, read…

Accounts Payable Professionals: IOFM has announced the launch of IOFM Chapters in ...

IOFM Chapters coming soon...

IOFM has announced the launch of IOFM Chapters in 2017. Chapters will allow for greater in-person networking. Sometimes it's who you know (other times it's what you know) that helps you get things moving in your career. In this case, it sounds like the best of both worlds. "IOFM's Chapters will host quarterly meetings designed to help you develop professionally with the support of the IOFM community behind you! IOFM's goal is to give you a place to meet, collaborate, and share best practices…

Accounts Payable Professionals: What to do about petty cash?

What to do about petty cash?

Petty cash is money that a company keeps in the office for miscellaneous expenses (for example: to cover the cost of parking and tolls of an employee picking up emergency office supplies). While on the surface it may sound like a good idea to maintain a petty cash box, it may not be worth the trouble in this day and age. There are better ways to handle these miscellaneous expenses without resorting to petty cash. Everyone has an ATM or credit card. An employee can simply take on the costs…

Accounts Payable Professionals: What does A/P know about Bitcoin?

What does A/P know about Bitcoin?

Bitcoin is an electronic currency referred to as a cryptocurrency. Although the percentage of Bitcoin usage compared to all other electronic payment methods is small, as an AP Professionals you want to be aware of it. If the usage of Bitcoin continues to increase and becomes an important and significant payment method, what kind of policies would the head of an Accounts Payable department have to put in place? According to the book: Mastering Bitcoin: Unlocking Digital Cryptocurrencies By…

Accounts Payable Professionals: Keeping your AP Automation project out of the ditc...

Keeping your AP Automation project out of the ditch

Last week was IOFM's Spring AP Conference & Expo. One of the many fantastic workshops was a panel discussion on Keeping your A/P Automation project out of the ditch. Here are a few notes that I tweeted at the time, just to give you a sneak peek! There's no better source of information on how to keep yourself out of a proverbial ditch than your peers! - Mark Brousseau Twitter: STP: straight through processing rate Be honest with AP Automation vendor: how many invoices do you really process…

Accounts Payable Professionals: IOFM's APP2P Conference & Expo: Meet the Vendors

IOFM's APP2P Conference & Expo: Meet the Vendors

Accounts Payable Professionals: IOFM's APP2P Conference & Expo: In Pictures

IOFM's APP2P Conference & Expo: In Pictures