Learn how entity types impact AP posting, prevent fraud, implement controls, manage vendors, and maintain accurate payables.
Learn how different entity types alter the way accounts payable are processed and where transactions flow to the financial statements. Develop a hit list on preventing and recognizing fraud in the payables wheelhouse and how to implement internal controls to protect your payables process. Learn the best practices of vendor maintenance. Gain good bookkeeping practices to keep your payables current and accurate.
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Entity Types Effect Posting Procedures
- Wholesale vs. Construction vs. Accounting Entities
- Posting Bills to Inventory, COGS, or Overhead Expenses
Accounts Payable Fraud
- Methods of Fraud Payables Clerks Might Use
- Methods to Find Potential Fraud
Internal Controls in Accounts Payable
- Segregation of Accounts Payable Tasks
- Fast and Easy Steps to Implement Internal Controls
Vendor Maintenance
- Proactive Vendor Set up
- Avoid the Year-End 1099 Vendor Headache
Good Bookkeeping Practices for the AP Clerk
- Prevent Duplicates, Underpayments and Overpayments
- Helping Your AP Staff Become Good Steward of Your Books
Questions and Answers
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on May 9, 2025.
Call 1-866-352-9540 for further credit information.
- AIPB 1.5
- This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Donna Wright
Doing Books Right
- Founder and owner of Doing Books Right, established in 2005
- Freelance full charge bookkeeping since 1999
- Certified Bookkeeper, QuickBooks ProAdvisor
- Master level bookkeeper, with over twenty years’ experience in Full Charge Bookkeeping, QuickBooks, GAAP, accounting clean up, management, and payroll.
- Wide range of expertise regarding clean up and set up of various entities from the private sector such as agriculture, gas stations, food services, wholesale, construction, and retail to non-profit churches, rescues, leagues, schools, and the healthcare industry
- Consultant and trainer who works with businesses to clean up their books, understand and develop long-lasting procedures for maintaining accurate financial reports
- Development and implementation of Standard Operating Procedures
- Can be reached at (209) 331-4141, donna@doingbooksright.net or www.doingbooksright.net
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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