Author: Mary Schaeffer
Vendor issues in an effective accounts payable function are often ignored. This is unfortunate because poor controls around the master vendor file, the way data is entered and the lack of rigid internal controls all play a key role in preventing fraud and duplicate payments. And, it's not as easy as you might think. There are numerous details, which if ignored, can cause problems whose impact is felt directly in the bottom line.
Designed ForAny practitioners that are looking into improving their Master Vendor File in relation to Accounts Payable.
NASBA Field of Study
Accounting (4 hours)