Accounts Payable: A Guide to Running An Efficient Department (Hardcover)

~ Mary S. Ludwig (Author), Institute of Management and Administration (IOMA) (Author) "The primary function of any accounts payable department is to pay the company's bills..." (more)
Key Phrases: accounts payable professionals, master vendor file, accounts payable managers, United States, Managing Accounts Payable, New York (more...)

Editorial Reviews

Product Description

In today's competitive environment, corporate America is looking for ways to cut costs, improve cash flow and productivity- it is turning its eye to accounts payable. This is the first comprehensive book on running an effective A/P department.

This book is supplemented annually.

From the Back Cover

Accounts Payable, Second Edition is the most complete guide to running a valuable accounts payable department.

This updated edition continues where the successful First Edition left off, providing all the critical information and guidance top professionals need to run an efficient department, complete with coverage of the innovative issues now facing the field and new material on:

• Encryption and digital signatures
• Electronic invoicing
• Purchase cards
• Post audit firms
• Petty cash
• Vendor fraud
• Certification

Supplemented annually to ensure the most helpful and up-to-date information, Accounts Payable, Second Edition is the one resource that accounts payable managers, controllers, and CFOs need at their fingertips. --This text refers to an alternate Hardcover edition.

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Product Details

• Hardcover: 366 pages
• Publisher: Wiley; 1st edition (January 15, 1998)
• Language: English
• ISBN-10: 0471298573
• ISBN-13: 978-0471298571
• Product Dimensions: 9.3 x 6.3 x 1.2 inches
• Shipping Weight: 1.8 pounds
• Average Customer Review: 4.0 out of 5 stars  See all reviews (4 customer reviews)
• Amazon.com Sales Rank: #1,337,216 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

11 of 12 people found the following review helpful:

4.0 out of 5 stars Excellent coverage of the main issues in A/P, September 13, 2000

By	A Finance Officer - See all my reviews

This is probably the best (and only?) book available that gives a detailed overview of A/P procedures. It is especially helpful for those who need to design new policies to address difficult problems. For example, the book gives a very good explanation of procurement cards (p-cards), how to reduce T&E costs, and how to choose and hire new A/P personnel. In other words, it covers just about all of the bases. The only area the book doesn't cover is specific software packages, but I think that is beyond the scope of the book's title, and there are many other resources that have information accounting software. Potential buyers should note that there are annual supplements that update this book, and it may be worthwhile taking a look at them as well. Technology causes so many changes, that some business ideas are out of date within a few months, so you might want to make sure you have the most current information.

7 of 8 people found the following review helpful:

5.0 out of 5 stars All you could ever need to know about A/P, March 26, 1999

By A Customer

Really interesting way to organize and understand accounts payable. I'm going to suggest that my company use this book as a tool for our employees. Every detail is covered with simple to implement instructions. Also great as a reference tool. And the best thing is that it is easy to read!

5 of 6 people found the following review helpful:

3.0 out of 5 stars A Valuable Resource, May 11, 2000

By	National Public Accountant (USA) - See all my reviews

This book puts forth a valuable resource for responsibilities that fall under the accounts payable umbrella. The book, through good outlined topics and case studies, shows how a company can save money, maintain internal control, upgrade its systems, as well as retail professionalism of the department. The book includes an excellent division of topics within, which are pertinent to those who are involved with the day to day running of the accounting manager and accountants.