The Ying and Yang of Accounting: Accounts Payable vs Accounts Receivable
In accounting, accounts payable and accounts receivable play key - but very different roles. I recently saw a short piece on the Internet which said, Accounts payable, which is also known as accounts receivable … “No it’s not” I screamed.
A good understanding of each, along with their differences, is critical for anyone who works in accounting, finance and of course, accounts payable or accounts receivable.
Link to Understanding Cash Flow Statements for Beginners
https://youtu.be/go2MG8tb2Iw
#accountspayable #accountsreceivable #differenceapar #differencearap #accounting
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10:57
How to Use Journal Entries in Accounting/Accounts Payable
Learn how to create accurate accounting journal entries and accounts payable journal entries to avoid costly financial mistakes. Master your AP process and improve your accounting accuracy today! Are your accounting journal entries setting you up for future headaches?
In this quick guide, we break down how to create accurate accounts payable journal entries, avoid common accounting mistakes, and keep your financial reporting clean and reliable. Learn about simple, compound, adjusting, closing, and reversing journal entries, plus when and how to record AP transactions like invoices, payments, late fees, and adjustments. Perfect for accountants, accounts payable specialists, and finance pros looking to sharpen their accounting skills and streamline their AP processes. Whether you're new to accounting or a seasoned professional, mastering journal entries is critical to avoiding costly errors. Watch now and elevate your accounting expertise!
Link to Journal Entry Mistakes https://youtu.be/Qqb5BYRIp7w
#journalentriesaccounting #journalentry #journalentries
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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!!
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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
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10:29
Costly Accounting Misconceptions about Accounts Payable
Think your organization is safe from costly AP mistakes? Think again. In this eye-opening video, we reveal 8 deeply embedded misconceptions about accounts payable that silently drain millions from top companies—including a final myth that could be stealing massive dollars right off your bottom line. Learn the worst practices, hidden costs, and, most importantly, how to fix them. From political impacts to automation myths to fraud risks, we cover it all. Don’t miss the last one—it's a real game-changer! Watch now and protect your organization’s cash flow, compliance, and reputation.
#AccountsPayable #FinanceBestPractices #APAutomation #DuplicatePayments #FraudPrevention
Link to: ACH Payments: A Guide to Almost Everything https://youtu.be/0ihlDHHTQic
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
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11:56
A Day in the Life of Accounts Payable Gone TERRIBY Wrong
We’re walking through a fictional—but, sadly all-too-realistic—day in the accounts payable section of the accounting department. A day where chaos reigned but by sticking to best practice some semblance of order was maintained. Let’s break it down incident by incident—so you can effectively manage similar scenarios #accountspayable #adayinaccountspayable #accounting #accountspayablebestpractices
Link to How NOT to Make Mistakes in AP https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdI07dhxDjdq0XbA8owsVz7
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
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16:17
Will Your Current ID Stop Working for Flights in 2025? [REAL ID]
Travel in the US is about to change forever – no, not because of politics – but due to the enactment of a law set to go into effect May 7, 2025 – a law that we’ve been talking and trying to get implemented for about 20 years. This impacts both business and personal travel. It will affect every American (and green card holder) who plans to take a plane departing from a US location. We’ll take a look at what the new rules are and how you can tell if you are compliant. #REALID #travel #businesstravel #expensereport
Link to ACH Payments: A Guide to Almost Everything https://youtu.be/0ihlDHHTQic
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
New Zealand