The accounts payable process or function is immensely important since it involves nearly all of a company's payments outside of payroll. Regardless of the company's size, the mission of accounts payable is to pay only the company's bills and invoices that are legitimate and accurate. The amount of invoices paid daily within a company will depend on the size and activity. Key items an Accountant should look for when reviewing invoices are rates, dates, descriptions and quantity. These same items are reviewed by a company's internal control group in addition to ensuring the proper approvals were received before payments are processed.
The question isn't who is going to let me; it's who is going to stop me." - Ayn Rand
Hello, I'm Terra the Founder and Marketing Director of Fontenot & Associates Solutions. Thank you for joining my Accounting world. Our blog's purpose is to teach with the determination of closing industry and accounting process gaps that knowingly exist with our uniquely designed detailed procedures and trainings.
My mission is to offer the best accounting results for all companies seeking to close their process gaps with actual solutions. With my Bachelors and Masters Degree in Accounting, I strive for continuous development and professional growth in this profession. My professional career has been in the Oil & Gas industry for nearly the past 10 years but my business focus is to support and train accounting professionals in all industries.