Fixing Common Accounts Payable Accounting Errors

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Mistakes in accounts payable often mean that accounting entries Subscribe: https://www.youtube.com/APNow?sub_confirmation=1

Mistakes in accounts payable often mean that accounting entries either have to be adjusted, new ones have to be put through to reverse the original transaction or a correcting journal entry needs to be created. The journal entry route often does not leave a clear audit trail and best practice organizations avoid it if they possibly came. In this piece we discuss some of the common mistakes that happen in accounts payable and their related accounting entries. We also share how these errors can be fixed so the organizations financial records are accurate. #accountspayable #accounting #p2p

Link to Journal Entry Fraud A Comprehensive Introduction https://youtu.be/XmhxuU5ES1U

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