Project Two: Accounts Payable Memosouthern New Hampshire Uni

Project Two: Accounts Payable MemoSouthern New Hampshire University ACC 315 Accounting Information Systems 01:40:35 GMT -05:00AnalysisPosey’s Pet Emporium (P.P.E.) has a control process in place to ensure the accounts payable procedures adhere to standards set forth for the company. The payments must be accompanied by the invoice and purchase order or check request. This guarantees payment for the right order and for the record of the outside party to have records that their services provided matches fees and other charges. The department utilizes a three-way match process for the invoice, purchase order, and receiving document then approved by accounts payable. Even ifthere is a check that needs to be disbursed from other departments, it will have to be approved by the head of that department first before it is sent to accounts payable. If approved accounts payable will review the supporting documents for disbursal. For third party vendors, payments are made directly to them within thirty days of the invoice date to ensure it is handled timely. If a vendor payment needs to be expedited the Accounts Payable team lead or Controller willapprove the necessary changes. P.P.E. also requires that all vendors complete a W-9 form