5 AP Practices You Think You’re Doing Right… But Aren’t

Every time someone says, “How complicated could Accounts Payable really be?” you can bet the organization is already losing money — through preventable errors, weak controls, and overlooked compliance risks. In this video, we break down 5 foundational AP practices that accounting and finance teams think they’re doing correctly… but often aren’t. More importantly, we dig into where AP processes actually fail — the exact points where losses, fraud, and compliance issues begin. What You’ll Learn • Accounts Payable best practices • AP process improvement strategies • Three‑way match problems and invoice verification errors • P2P internal controls and separation of duties • AP fraud prevention and detection protocols • 1099 compliance, W‑9 verification, and regulatory requirements • AP automation pitfalls and digital transformation challenges • Paperless AP workflows and electronic payment controls • Duplicate invoice prevention and extinguishing errors • How AP mistakes lead to financial losses and audit findings If you work in Accounts Payable, Accounting Operations, Finance, Audit, FP&A, or Controller-level leadership, this is essential viewing. Strengthening AP isn’t just about efficiency — it’s about protecting your organization’s cash, reputation, and regulatory standing Link to Why Automation Projects Fail https://youtu.be/2o35gtGYaGQ Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1 Looking for more of the most current business intelligence about + Best practices around your payment and accounts payable function + Current and new fraud protection protocols + The newest technology impacting your accounting, accounts payable, and payment functions + Career advancement +And much more!! +++++++++++++++++++++++ See most recent videos at: https://www.youtube.com/@APNow/videos See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_ Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby