O'Reilly logo

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

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

18–1 Accounts Payable Policies for Best Practices (Chapter 3)

  • Procurement cards shall be the preferred payment tool for purchases under $_____.

  • Purchase orders must be used to authorize all purchases exceeding $_____.

  • Supplier invoices received by electronic transmission shall be paid ___ days earlier than standard terms. Alternatively, Supplier invoices received by electronic transmission shall receive top processing priority.

  • All supplier invoices shall be recorded in the accounts payable system within ___ days of receipt.

  • All travel advances and manual check requests require prior approval by a ____-level manager.

  • There shall be one designated supplier for each stock keeping unit (SKU), with a second supplier allowed only for designated critical materials.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required