Duplicate Payments: An Analytical Approach addresses the scourge of Duplicate Payments. It provides tips on avoiding duplicate payments because vendors returning duplicate payments, as professionals who work in #accountspayable and #accounting are painfully aware.

Most experts believe there is a correlation between fraud and duplicate payments. The first duplicate payment might be an honest mistake, but after that the duplicate invoices that lead to duplicate payments and fraud are deliberate.

A duplicate payment audit, whether completed by the company itself or a third party is a great way to identify duplicate payments and fraud. That’s why so many have routines to audit for duplicate payments. As those who work in accounts payable are painfully aware, duplicate and erroneous payments are rarely returned by the supplier. Vendors returning duplicate payments are the rarity rather than the norm. It’s one of the many reasons we make such a big deal about duplicate invoices. Alas, they lead to duplicate payments.

The plague of duplicate payments continues. Best practice organizations know they need to take action to ensure this money isn’t gone forever. Stick around while we discuss 5 tactics you can take to ensure your suppliers don’t hold onto your hard-earned profits.

Thinking that all vendors will return duplicate payments is a common misconception some folks have about the accounts payable function

Duplicate Payments: An Analytical Approach discusses the continuing headache companies endure when trying to identify and recover Duplicate Payments. It includes advice on avoiding duplicate payments in the first place because suppliers rarely return duplicate payments, as professionals who work in accounts payable and accounting are excruciatingly aware.

Link to 8 Accounting Misconceptions about Accounts Payable [ Ссылка ]

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