Sunday, February 19, 2017

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 to five A/P Specific subjects. It is better to go deep into a few subjects and give everyone a good understanding than to try and cover every possible subject.


Here are some ideas for a checklist:


Checked box symbol Create a simple and clear meeting agenda.

Checked box symbol Pick three A/P subjects to discuss in detail 
          (For example:)
        Standard way to enter invoice numbers
        Segregation of duties
        TIN Matching

Checked box symbol Consider making time at the end of the meeting to publicly praise a coworkers performance.
          (For example:)
        Who had the best invoice entry accuracy for the month?
        Who had perfect attendance / always on time?
        Who is going the extra mile on a particular project?
        Etc...

Checked box symbol Ask your coworkers to prepare a mini presentation for next month's meeting.
          (presentation ideas:)
       ○ Where can the AP department improve.
        What are some of your best tricks to do things faster (i.e. keyboard shortcuts, etc.)
        What three A/P items should we discuss at the next meeting?


The 3 most important A/P Best Practices tips ever!


Let's open up a discussion on A/P Best Practices. What are your favorite ones? Which are the ones that you consider to be a must?

There are many best practices tips, but here are three that come to my mind at the moment:

1. Have a standard way of entering invoice numbers: Do you include leading zeros? Do you include dashes or other symbols? or leave them off? Either way can be fine, as long as it becomes the standard, and everyone follows this rule. If you don't have a standard for this, you will end up with duplicate payments.

2. Segregation of duties: It is best to have one person to set up vendors and a different person to enter invoices. This practice cuts down on the possibility of fraud. 

3. TIN Matching of all W9 forms: Before setting up a new vendor, you receive a W9 form. It is a great idea to check the validity of the TIN number and Vendor name using the free service from the IRS: TIN Matching.


Now your turn (I am reaching out to all you experts!)


What makes a great Lunch & Learn meeting? What are some great ideas for A/P Best practice tips? Share with us some of your wisdom in the comment section below!


Connect today


If you are new to Accounts Payable and want to up your game, you need to connect to our AP community online. Make sure to follow Accounts Payable Professionals Group on TwitterLinkedInFacebookPinterest, and our blog: ap-professionals.com. You will find a continuous flow of new articles, news, job postings, and interactions with other Accounts Payable Professionals. Also, feel free to reach out to me directly! I love to help my peers whenever possible.
Cheers,






Robert Ruhno
Director of Socia Media
Accounts Payable Professionals Group (APPG)

Monday, February 13, 2017

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 discussion posts, and sign up for webinars (many are free).

Step 3: Get your company to pay for your AP Certification.

Step 4: Attend AP Conferences and keep up-to-date on current AP issues and technology.

Connect today


If you are new to Accounts Payable and want to up your game, you need to connect to our AP community online. Make sure to follow Accounts Payable Professionals Group on Twitter, LinkedIn, Facebook, Pinterest, and our blog: ap-professionals.com. You will find a continuous flow of new articles, news, job postings, and interactions with other Accounts Payable Professionals. Also, feel free to reach out to me directly! I love to help my peers whenever possible.

Cheers,





Robert Ruhno
Director of Socia Media
Accounts Payable Professionals Group (APPG)