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Accounting Best Practices, Fifth Edition by Steven M. Bragg Englewood, Colorado

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Management

3–22Centralize the accounts payable function
3–23Store late fees in a separate general ledger account
3–24Issue standard account code list
3–25Link supplier requests to the accounts payable database
3–26Outsource the accounts payable function
3–27Outsource VAT reclamations
3–28Shrink the supplier base
3–29Withhold first payment until W-9 form is received
3–30Automate the w-9

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