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Managing Accounts Payable

Matching Invoices and Checks—How Much Verifying Is Enough?

April 2003

Accounts payable executives are constantly faced with a Solomon-like dilemma. They have to weigh
the benefit of intensive manual, checking to catch errors against the cost of allocating scarce human
resources to those manual, seemingly non-value-added, tasks. One of those jobs is the matching of checks
to invoices. Is it worth the time and effort? That’s exactly what one intrepid accounts payable professional
asked in a recent exchange on IOMA’s accounts payable discussion group.

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April 2003 Table of Contents [ toggle snippets ]

  • How Automated A/P and Purchasing Systems Mesh at BNSF
  • Three Ways to Demonstrate Benefits of Expanded Use of e-Invoicing
  • Matching Invoices and Checks—How Much Verifying Is Enough?
  • Make the Electronic Payment Case Using New Tool From NACHA
  • What’s the Going Rate for A/P Clerks in Your Region and City?
  • Accounts Payable Managers’ Forum (0304)
 

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