Accounts Payable in the 21st Century Business Environment

A new Year 2021 introduction reviews remote Accounts Payable work set up and operations . Related to the COVID-19 pandemic abrupt changes in business processes and general economic environment are discussed in the first chapter. Another update about Accounts Payable work during the continued pandemic was made in April 2021. This book remains to be the most popular Accounts Payable guide.The book discusses Accounts Payable operations based on the author's 20 years AP experience with major US corporations, educational, and non-profit institutions. From the basic to advanced processes, from the traditional legacy systems to the ERP approach to the Accounts Payable processes, the book delivers all you need to know about it. There are chapters on general AP functions such as AP policies and procedures, segregation of duties, data entries, processing of form W-9 and new payee set up, and payments processing. A more advanced material includes chapters about SAP Concur processing, e-invoicing, web-procurement, commercial cards management, AP metrics, 1099 and 1042 reporting. Also described are wire, ACH, and cards payment processing, Escheat (Unclaimed Property), and nonresident tax compliance. All currently practiced Accounts Payable activities are included in the book, as well as chapters on general accounting, payroll and excel. This 2019 edition includes expanded chapters on forms 1099 and SAP Concur T&E processing.This is a real world practical Accounts Payable guide written by a practicing Accounts Payable professional. A must have textbook for all Accounts Payable professionals, AP administrators and clerks, as well as CPA's, auditors, accounting executives and business owners.Costa Levi P. is a Certified Public Accountant (GU) who lives in New York City with his spouse and three children.