Accounts Payable: A Day in The Life

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The Financial Controller

The Financial Controller

Күн бұрын

Пікірлер: 273
@TheFinancialController
@TheFinancialController 3 ай бұрын
Level up your Accounting Career by enrolling in our 6-weeks program here controller-academy.com/courses/controller-academy
@jhernandez335xi
@jhernandez335xi 7 ай бұрын
AP is the team that keeps a company alive yet they are the most forgotten & the most sh*t on by everyone in the industry. Very little appreciation from everyone yet they're expected to jump through hoops to get last minute sh*t done. I've worked in AP across many industries and by far, it's the most underappreciated, unacknowledged department.
@TheFinancialController
@TheFinancialController 7 ай бұрын
I agree
@lindasperanza1412
@lindasperanza1412 3 ай бұрын
Money in good Money out bad
@THETWEETYful
@THETWEETYful Жыл бұрын
I’m an accounts payable clerk V - I love my job! I process about 80 invoices a day and mange our e-commerce accounts for one of our 6 Divisions. It gets a bit challenging at the end of the month but I love the quick pace environment. 😊
@MaximusTheChosenOne
@MaximusTheChosenOne Жыл бұрын
How much do you get paid if you don’t mind me asking
@lynnz8543
@lynnz8543 Жыл бұрын
in Vancouver BC it is not much, about 38-50k CAD depending on the company
@akintolu50
@akintolu50 7 ай бұрын
I’m trying to find my seat as an Account payable clerk too. Is it possible to get a remote job? I would love a remote job be it part time or full time. Which online platform would you recommend I study AP with mordant and practical examples. Alison SAP/4HANA can be boring but I see someone use Quickbook and it’s interesting. What’s your opinion please?
@bethsylaracepedamohamed5946
@bethsylaracepedamohamed5946 5 ай бұрын
Hi, what application you are using for AP?
@malaisekoroma9723
@malaisekoroma9723 Ай бұрын
How do you process 80 invoices a day? How effective are your systems?
@ethyr9315
@ethyr9315 2 жыл бұрын
This is such a good video!! I actually feel like I know what the day to day life is like. Half the time these videos never actually describe the day to day life but just regurgitate the job description.
@mohsinbaig2195
@mohsinbaig2195 3 жыл бұрын
Will you kindly make a video on Accounting Softwares (ERP, SAP, TALLY, QUICKBOOKS, ADVANCE EXCEL) and which of these are more valuable? KINDLY.
@roxymax8917
@roxymax8917 2 жыл бұрын
Tally ? You are still living in early 2000s ?
@DeekshithPrabhu-tf4br
@DeekshithPrabhu-tf4br 7 ай бұрын
​@@roxymax8917bro sadly our company also using tally
@SnehaSuman-id4pk
@SnehaSuman-id4pk 4 ай бұрын
@@roxymax8917 tally versions get updated and most Indian users are on Tally prime software
@MbabaziHart
@MbabaziHart 7 ай бұрын
Skipped this video so many times thinking it's one of those show off day in the life videos where people show us how they woke up at 6am with make up on and took coffee from star bucks etc😊 I stand corrected. Thank you very much, learnt alot.
@TheFinancialController
@TheFinancialController 7 ай бұрын
Haha thanks for this comment!
@heatherrae901
@heatherrae901 Ай бұрын
You forgot how they got a workout in and unloaded the dishwasher before starting work. Oh yeah, I know the ones 😂😒
@aneezasonisoni9866
@aneezasonisoni9866 3 жыл бұрын
Thanks for the video. I just have started working as AP and this video is very helpful.
@GoTEveLyn
@GoTEveLyn 2 жыл бұрын
On.m.
@reeseanderson4432
@reeseanderson4432 3 жыл бұрын
I have definitely sent our clients' AP teams very similar emails 😂😂 even down to the "I hope that you are well!".
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Haha, i am guilty too :)
@01michellehall
@01michellehall 3 жыл бұрын
I’ve been in AP for 9 yrs. Great video!
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Thanks Alicia 😅
@nancytorres6331
@nancytorres6331 2 жыл бұрын
Hi Alicia any tips / tricks to make it essier
@akintolu50
@akintolu50 7 ай бұрын
I’m trying to find my seat as an Account payable clerk too. Is it possible to get a remote job? I would love a remote job be it part time or full time. Which online platform would you recommend I study AP with mordant and practical examples. Alison SAP/4HANA can be boring but I see someone use Quickbook and it’s interesting. What’s your opinion please?
@AmorBlessing
@AmorBlessing Жыл бұрын
Clicked for the info, stayed for the corporate banter 😄👌
@babblesp1367
@babblesp1367 2 жыл бұрын
I’ve been doing accounts payable for three years now. I have a bachelor’s degree in business administration with an accounting focus. I just got a job offer for a staff accountant at a different company. I will be handling the accounts receivable, accounts payable, and payroll for many different entities. I’m kind of frightened about it since I’ve never done receivables or payroll. I’m also excited because I’ve been bored just doing payables. I’m hoping I enjoy it. Unfortunately, the drive to and from is twice the distance of my current job. I’m looking forward to learning more though. I’m excited to know what doors a staff accountant position will open.
@shanicegrande8631
@shanicegrande8631 2 жыл бұрын
receivables is fun actually and payroll as well :) you’ll be fine there’s a first time for everything!
@babblesp1367
@babblesp1367 2 жыл бұрын
@@shanicegrande8631 unfortunately, I turned it down. It was twice the distance I’m driving now, but it’s also a religious organization and they expect you to live by their morals and do additional things that involve that religion, and I’m not that religion. I’m hopeful something else will come along. Hopefully something that will pay even more with less of a drive.
@muziqislyfe5421
@muziqislyfe5421 2 жыл бұрын
Be Confident and trust yourself. Also, be willing to listen and learn! Good Luck!
@MrRiz157
@MrRiz157 2 жыл бұрын
@@babblesp1367 that's scary, forcing you to follow their religion? Unusual I suppose only in America!
@babblesp1367
@babblesp1367 2 жыл бұрын
@@MrRiz157 it was a Catholic organization, and I’m not Catholic. I’m not fully against, but I’m not for everything they do either. It paid more than I get now. It had really good benefits with employer paid health insurance even. Unfortunately, I just didn’t see it working out for me. I probably could’ve stayed there a year or so to get the experience, but I didn’t feel that was right either. Besides, all of the extra curricular things involving the church would probably exhaust me. It would be for the job too, not because I want it to be.
@ggreddy3568
@ggreddy3568 3 жыл бұрын
I work in a/p as an entry level job, I want to advance to public accounting but right now gaining experience.
@EstherKala66
@EstherKala66 8 күн бұрын
Hi, did you work your way up out of your entry level job
@TheFallonCarrington
@TheFallonCarrington 2 жыл бұрын
I’ve just gotten into A/R, slight confusing when your actually doing the job vs sitting in class learning it
@evansjuma3831
@evansjuma3831 3 жыл бұрын
This is super Bill, many thanks In the same logic, I would appreciate if you can come up with a video on AR process and management
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Ok will do Evan
@hackit9578
@hackit9578 3 жыл бұрын
@@TheFinancialController , please can u do that. Also what's the best way to keep your soft copies.
@sameer209
@sameer209 2 жыл бұрын
I have worked in accounts payable since 2.5 years and processing invoice is a really tedious job, I'm so drained after all these years. There was lots of learning but i believe there are better jobs i can do.
@TheFinancialController
@TheFinancialController 2 жыл бұрын
Develop more skills related to accruals and financial statements analysis (just basic month over month and actual vs budget) by asking your manager to get involved. It will be extra work but will pay off nicely in 1-2 years when you make a move into a more general accounting role
@sameer209
@sameer209 2 жыл бұрын
@@TheFinancialController Hey Bill, I'm really surprised to have got a reply from you. Big supporter of your work and an avid watcher. I have decided to quit my job and focus full time on the CPA exam, and then work in the big4.
@zhanhan5062
@zhanhan5062 Жыл бұрын
Can't agree more, I currently work on AP role, and every day there are at least 10-15 invoices (direct and indirect) to be approved by cross-checking Po no, GRN, business partner no, amount and delivery order. It is quite tedious and time-consuming. Plus, there are other tasks to be done during month-end closing. l am not a fast person, sometimes 8 hours is a nothing to me. I am just considering other less fast paced jobs as I hold MBA degree, any suggestions?
@Solo-vh9fm
@Solo-vh9fm Жыл бұрын
I’m currently in AP and while the role isn’t super satisfying and I started to on some AR and management account duties (and soon payroll), thanks have technology to make approvals easier (a software that sends an invoice through a certain trail) and a semi-automated payment run report (thanks to Microsoft query and sage) , I find AP very easy.
@TheFinancialController
@TheFinancialController Жыл бұрын
That's awesome!
@Shahnawazhussain7869
@Shahnawazhussain7869 2 жыл бұрын
You are only person which i was searching on youtube
@TheFinancialController
@TheFinancialController 2 жыл бұрын
Thanks man!
@hackit9578
@hackit9578 3 жыл бұрын
Hi Bill, thanks for another fabulous video. This is very informative. 👍👍 I like the way you editing your video now.
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Thanks 🙏
@ramizabdulahad8419
@ramizabdulahad8419 2 жыл бұрын
Thank you so much Bill. Your videos are entertaining and straight to the point
@gmensfashionblog3966
@gmensfashionblog3966 2 жыл бұрын
Well it would be nice to understand why AP and AR people are so underestimate in terms of salary inside the organisations since they handle multiple issue. Unfortunately the work trend is that whatever customer/supplier contact role are treated lower than General ledger accountant or other type of accounting department which they do not have to interface with external stakeholders. Also the trend is that AP and AR are mostly handled by junior people / entry level and this makes then these positions tough or not handled properly due to luck of experience, high turnover due to low salaries and so on.... Can anyone explain me why this happen ?
@MaximusTheChosenOne
@MaximusTheChosenOne Жыл бұрын
Lesser specialized knowledge is required in these roles. That is not to say no specialized knowledge is required and likely most anyone can be trained to do it even if one didn’t study any sort of accounting.
@gmensfashionblog3966
@gmensfashionblog3966 7 ай бұрын
​@@MaximusTheChosenOne Your answer is applicable to General ledger accounting, Inventory accounting , fixed asset and even controlling roles if we are talking about structured companies. I never understood why AP - Payment, AR and Cash collection keep to be underestimated when they are the core function to impact the cash flow.
@stephaniephillips4450
@stephaniephillips4450 Жыл бұрын
Thank you! What are your thoughts on someone with a non-accounting college degree and administrative experience getting into the field of A/P? Are there recommended ways to be better prepared?
@aestheticbae2645
@aestheticbae2645 11 ай бұрын
Same here, I suggest a certification on Udemy
@edwingarcia9376
@edwingarcia9376 3 жыл бұрын
I’m am ap specialist and it is very redundant tedious work and have to be on top and following up with many departments. I am considering a a staff accountant role or financial analyst . Analyst is my first pick since I feel it would be less stressful what do you think ?
@TheFinancialController
@TheFinancialController 3 жыл бұрын
FA is more stressful. I like staff accountant
@christophermurillo445
@christophermurillo445 2 жыл бұрын
Hello, long time viewer and first time commenting. If at all possible would you please upload a video about accounts receivable jobs as well?
@DanielleBaylor
@DanielleBaylor 4 ай бұрын
Just started as an assistant in AP trying to help clean up after the last assistant and other issues in the accounting department. It's fun so far, but those "Where my money" emails are something lol.
@onlyoneambo
@onlyoneambo 3 жыл бұрын
Whew the emails are something serious. I just have to calmly say I understand your frustration and will work on getting this resolved. 😂
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Yup that’s the only way to cope 😅
@notsousual2938
@notsousual2938 2 жыл бұрын
I like how this kind of started out sounding like the “Dear Stan” video.
@mamangsterr88
@mamangsterr88 3 жыл бұрын
Working in AP department for 1year now and not looking forward for another year.😂
@atarbuck3452
@atarbuck3452 2 жыл бұрын
Why?
@zee1967
@zee1967 3 жыл бұрын
Hi sir, im a 2nd yr college student taking a bsba major finance, and to tell u honestly im still confuse about my course , im not really good at it, like the whole finance stuff looks still intimidating to me, but i really wanna be a person like u sir i like all the things you do, so i wanna say that you inspire me a lot, and somehow your videos bring a great help to me to know more about it and to learn on how these things actually work so thankyou sir I appreciate you. pls continue make more video :)) love from🇵🇭 sorry for being too dramatic i just appreciate someone like u ✌
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Hi Sandra. Everything was intimidating to me also at first. Keep growing. It takes years to get comfortable with your own knowledge:)
@zee1967
@zee1967 3 жыл бұрын
@@TheFinancialController OMG thankyou sir!! I will continue learning and studying more, i wont stop learning, i know it feels uncomfortable to me rn but soon i will be successful in God's will, thankyou thankyou so much sir hope to see u, u inspire me : )
@Summer1736
@Summer1736 Жыл бұрын
@@TheFinancialController Hello. I have a question about getting started in accounting. I completed my masters in business administration with a concentration in accounting in 2021. I planned on finding a job in accounting, but I got sidetracked from taking care of my parents, and now it's been 2 years since I graduated. I don't remember much from my schooling, particularly when it comes to Excel. So, I'm unsure about applying for any accounting positions, because I have no prior job experience related to accounting. What type of entry-level job(s) in the accounting field would you recommend to someone in my position?
@ratnabaadkar7296
@ratnabaadkar7296 Жыл бұрын
I am an AP analyst with 6 years of experience and wondering about the salary range in the UK
@SeyriSamet
@SeyriSamet Жыл бұрын
The best description so far
@ruthvansandt9713
@ruthvansandt9713 2 жыл бұрын
His tone is so chill but I’m cracking up because he’s SO RIGHT. And I’m only up to 2:43
@Wherefunbegins
@Wherefunbegins 2 жыл бұрын
I work as an AR and its been 3 months and the workload is huge. Sending invoices, keeping track of past dues, creating memos, export invoices, agings, netting, hundred thousands of lines of data to process. Multiple tasks at one time to handle and compensation is low as compared to workload. I am starting to consider other careers like staff accountant. Do you think that would be a better option?
@TheFinancialController
@TheFinancialController 2 жыл бұрын
It’s a better career trajectory with the staff accountant
@DalanyNguyen
@DalanyNguyen 3 жыл бұрын
Can you do a video on a day in the life of an account Receivables accountant?
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Sure coming 🔜
@shankare2286
@shankare2286 2 жыл бұрын
Just started out in AP Senior officer role with my CMA. Been two weeks and they have let me only enter invoices in MIRO in SAP. I wonder where this journey takes me!
@markanthony7078
@markanthony7078 2 жыл бұрын
How far is the moon? Lol .....learn learn, take on some courses to grow....you will get there!!
@rajmohanattoor2476
@rajmohanattoor2476 3 жыл бұрын
Nice video.... Can you pls put a video on month or year-end closing.. Accruals recons etc.
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Yes great idea
@marvelouss719
@marvelouss719 2 жыл бұрын
To me volume is the only justification to consider a payment method other than checks. My company barely processes 10 invoices a week. If we were seeing hundreds maybe thousands of invoices then I would consider a payment service.
@prasadnilugal4691
@prasadnilugal4691 7 ай бұрын
I had worked. Both as a Account's Payable and receivable as well , let's see what's new in your , Knowledgeable. Video. However I love to as a Account receivable.
@abdelhadiredouane4973
@abdelhadiredouane4973 3 жыл бұрын
Please could you make a video about depreciation?
@brendaechols5929
@brendaechols5929 2 жыл бұрын
I would love to do accounts payable but I have no experience. I've got 16 years in banking. Should I still apply? Does a company train for this?what about clerk position?I've got a AA in Geographic Information Systems.
@TrinityTalks
@TrinityTalks 2 жыл бұрын
Yes apply! Gear your resume to include as much experience of/or relating to anything AP. I had no AP experience but have had similar experiences. I also worked in banking (customer service) and just got the AP Job! I start Tuesday.
@JJ-dw4lz
@JJ-dw4lz Жыл бұрын
@@TrinityTalks How did this end up going?
@shepink6204
@shepink6204 11 ай бұрын
@@TrinityTalksawesome! Are you still in the A/P role? How is it going?
@TrinityTalks
@TrinityTalks 11 ай бұрын
@@shepink6204 it actually went really well but the company itself was an awful company. I ended up leaving because of that but I personally didn't mind doing AP work.
@SirWavyBrown
@SirWavyBrown 2 жыл бұрын
I experience this all the time working in AP.
@broken-856
@broken-856 Ай бұрын
This is exactly what I'm doing and dealing everyday 😊😅
@TheFinancialController
@TheFinancialController Ай бұрын
haha ok
@nikitachadha6078
@nikitachadha6078 Жыл бұрын
The best video on AP I came across on youtube!
@himanshugumber6551
@himanshugumber6551 2 жыл бұрын
Very Helpful and in depth explained
@ruthvansandt9713
@ruthvansandt9713 2 жыл бұрын
4:49 well… except every organize Ive worked for us way behind the times apparently
@tashanabrown5089
@tashanabrown5089 2 жыл бұрын
Very informational, I'll be doing AP for a construction materials company and found this very helpful. Is Ariba allowing you to make payments as well?
@nkosimoyo6966
@nkosimoyo6966 Жыл бұрын
And how is it going so far ?
@nicholyse
@nicholyse Жыл бұрын
I’m about to leave my AP position with a high volume subcontractor in TX. I loved it but unfortunately the expansion we’ve had and recent acquisitions have made it incredibly difficult to stay on top of my work and not lose my mind 😭 gotta put my fam first
@naturalrebel6301
@naturalrebel6301 Жыл бұрын
i think i will be good at this job! I am working on a associates degree in accounting and I want this job! particularly in a auto dealership environment!!!
@obwakahenry4498
@obwakahenry4498 3 жыл бұрын
Hi Bill please can you consider doing the same video on Reconciliation manager position
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Ok will do
@terrigordi4270
@terrigordi4270 3 жыл бұрын
My company still receive invoice by regular mail. We have customers who as for invoices to be fax because they don't have email. 🙄. I ask that same question. Is this 2021 or 1921, lol ? I am baffled too. Sometimes we joke that we can send the invoice by telegram or by pigeons.
@alimohamadhamad3278
@alimohamadhamad3278 3 жыл бұрын
Thank you my friend for everything
@NowayJustgoaway-v8m
@NowayJustgoaway-v8m Ай бұрын
This video is pretty good.
@sydhsydh1084
@sydhsydh1084 6 ай бұрын
Damn that caffeine intake comment is so correct 😂
@JN-wd2xw
@JN-wd2xw Жыл бұрын
I keep looking for content on Excel that will prepare me for real life accounting jobs. I know there are plenty of channels but I am looking for something crisp and tailor-made for the future accountant that will deal with specific scenarios and even automation. I am wondering if you have something like that already or know of a course that I can take.
@katydid5088
@katydid5088 Жыл бұрын
AI and tax accounting is the better half of a CS degree and SQL coding with python. There's a few business masters and standard B.A degrees from the big Ivy leagues that look into this kind of automation but it's actually almost like a hybrid C.S degree. Almost anyone can code but your ability to understand systems and networking logic, linear algebra, finance analytics, and macro and microeconomics on top of a regular Accounting B.A is what makes defining what AI does difficult. For now they use accounting to verify and check numerical expectations versus returns,losses, or unexpected non-payment or retrieval failures. Understanding the logic within coding and algorithms is a type of math not heavily focused on in a B.A unless you double major OR learning via a Master's program. (Better ROI on the later than the former.) A Master's is designed for pursuit after you have work experience and a CPA requires 150 continuing education credits for most of the U.S. A double major is more work up front with less time to solidify skills OR concentrate on work experience necessary for recruitment to IT CS issues or general accounting. The practice of using or evaluating AI mostly comes down to oppourtunity and job experience. A freshly minted B.S or B.A won't have the procedural knowledge to write an effective accounting program but a senior accountant might not have the tech knowledge to translate the instructions, limits, and security considerations into an AI/IT platform. Until AI models are solid and security risk managment figured out, most people I've met who transitioned to use if AI or other CS integrated platforms simply started with a B.A and approached certification via known Colleges and universities. As of yet, I've never seen a career course for this type of thing offered for someone on a base level IT course unless you're interested in Computer science in your free time. Most Master's degrees require a prerequisite test for coding experience before entry rather than a G.P.A or G.R.E score these days as they realize sometimes that test based evaluation for all subjects is not always relevant to a person's determination or ability to learn a group of subjects at a time.
@marthatovar85
@marthatovar85 Жыл бұрын
great video keeps me on reaching for the success path, Thank you!
@petertenay1785
@petertenay1785 21 күн бұрын
So accounts payable is a job on its own? I'm getting my associates in a few months and I'm looking at some internships, and some of the requirements are for me to be knowledgeable on account receivable/payable, bank reconciliation, general ledger, general entry, month's end closing and quickbooks... which is the software... plus other responsibilities that tye manager might assign me out of nowhere... it seems like a lot and I feel a bit intimidated tbh. I don't know what to expect
@lucleadergaming3487
@lucleadergaming3487 3 жыл бұрын
Then they’re businesses that pay with credit cards… and you have to deal with daily limits and charge limits. 😒 Whether you’re managing those payables or collecting from them
@nestlingua
@nestlingua 5 ай бұрын
Hi, what the best approach to identifying volume of invoices by facility? Thank you
@Livelystones
@Livelystones Ай бұрын
Hi, We simply don't have any money
@herkload
@herkload 9 ай бұрын
Is A/P a good career choice?
@aazadbalyan463
@aazadbalyan463 Жыл бұрын
Hey Bill, I'm an AP associate nd have been working for an MNC for 1 year 8 months but now I'm bored doing same things, processing invoices..not getting new things to learn. Simultaneously getting afraid of the fact that AI (Artificial Intelligence) is snatching our jobs in the days to come. Our Top Seniors says that in the coming 5 years 70 per cent of the resources will either get fired or get transferred to another process..... Life is unpredictable nowadays. Sometimes technological development is deterimental to humans.
@MaximusTheChosenOne
@MaximusTheChosenOne Жыл бұрын
Get out while you can
@ReyBanYAHUAH
@ReyBanYAHUAH 2 жыл бұрын
Always remember we must repent of our sins (sin is transgression The Law Of Yahuah The Father in Heaven. The Law are The Books: Genesis, Exodus, Leviticus, Numbers, & Deuteronomy). We must repent of our sins and Have Belief On Yahusha The Messiah. HE Died and Rose three days later so that we can be forgiven of our sins! Come to HIM🙂
@batoulrifai6430
@batoulrifai6430 2 жыл бұрын
extremely helpful .. thank you
@indobboy237
@indobboy237 3 жыл бұрын
Can you make a video on financial statement forecasting?
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Ok 👍🏿
@Daniel.CadT81
@Daniel.CadT81 Жыл бұрын
Thanks for this video
@adalbertotorrero5893
@adalbertotorrero5893 Жыл бұрын
2:44 The most epic moment!
@keyrtan
@keyrtan 2 жыл бұрын
I get physical invoices all the time but I like working for small businesses. Some of these people have been in business longer than I've been alive 😆
@benderbendingrofriguez3300
@benderbendingrofriguez3300 3 жыл бұрын
Dude first time I see some BBVA (Banco Bilbao Vizcaya Argentaria) cheques, that's nice. Also, could you make a video on morality and ethic on the word of business? Like for example if you work for...let us say Deloitte, or another accounting firm, and they send you to the company or another country to do some auditing, and then over there the owner, of the company gives you a brand new Rolex, or another luxury item. Explain, what is the best outcome, or decision you can make.
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Impressive catching the banks name!! And like the idea of integrity and morality
@NaruIchiLuffy
@NaruIchiLuffy 3 жыл бұрын
Interesting question, I think that's addressing what CPAs would refer to as an issue of independence or having no conflicts of interest in both fact and appearance. Some small gifts might be acceptable, but I'd do my best to politely decline most.
@nathiyarengasamy8273
@nathiyarengasamy8273 2 жыл бұрын
Also would you please advise me some certification courses in accounting world to boost up my earnings. Thank you.
@CryptoQueen8888
@CryptoQueen8888 6 ай бұрын
With an S corp, do you know if having an accounts payable plan is a red flag for the IRS. I am 100% shareholder of my Scorp and have an accountable plan!!
@haloepic3092
@haloepic3092 3 жыл бұрын
But can I become a financial analyst after working as a payable?
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Yes but must get other experience after payable such as revenue/AR accounting and budgeting/forecasting
@mh03india36
@mh03india36 2 жыл бұрын
Very informative…! Thanks
@shaungorham1568
@shaungorham1568 2 жыл бұрын
Great, Maryland.
@ricardorigual87
@ricardorigual87 Жыл бұрын
Man this is so funny. My day to day life
@ambercollier37
@ambercollier37 Ай бұрын
Do you do CPA tutoring?? Please forward any info thank you
@ramonubiera2186
@ramonubiera2186 Жыл бұрын
I"m an AP Specialist do you have any tips on how to improve my skills & to show my Comptroller that I could do a lot more than AP.
@amiterp7923
@amiterp7923 Жыл бұрын
Please explain the downstream activities of AP
@carathebody5226
@carathebody5226 3 жыл бұрын
I drink zero coffee lol and I’m AP/AR lead lol
@TheFinancialController
@TheFinancialController 3 жыл бұрын
What do you drink?
@TrinityTalks
@TrinityTalks 2 жыл бұрын
@@TheFinancialController lol alcohol!
@nathiyarengasamy8273
@nathiyarengasamy8273 2 жыл бұрын
could you please explain as what is upskilling in accounting world?
@gaberbelal42
@gaberbelal42 Жыл бұрын
Am accountant for 20 years in Middle East I lost 7 years in USA not work in accountant now I need how can I returned to filed and best way to start
@maryjoydelacruz901
@maryjoydelacruz901 3 жыл бұрын
Thanks for this video sir. I think I understand a lil bit of it. I'm already an incoming 4th yr student of BS accountancy course but I'm still confused that I took this course. I doubted the knowledge I have right now to become a successful CPA, can you give me motivations and advices sir? 🙂
@TheFinancialController
@TheFinancialController 3 жыл бұрын
During college I also felt I know nothing. Your real confidence will come from working on the job for a few years. The career is awesome and provides amazing earning opportunities
@maryjoydelacruz901
@maryjoydelacruz901 3 жыл бұрын
Thank you sir❣️
@michelballack8297
@michelballack8297 2 жыл бұрын
Is true
@marvelouss719
@marvelouss719 2 жыл бұрын
Mary Joy, accounting is boring. I took a principle of accounting course in 1977. That time accounting was not considered a path for financial wealth. Most of my family members are engineers and writers. I studied accounting because I had a love for numbers, but accounting is not about numbers. I love language-specifically English. Accounting does NOT allow me to learn and use words such as recalcitrant, obstreperous, obviate...the list goes on and on.
@munshidali3155
@munshidali3155 Жыл бұрын
Pwoli
@akshayemaithani1541
@akshayemaithani1541 Жыл бұрын
Nice video and I'm an AP accountant.Please suggest how to apply for jobs in USA from India with Indian degree but work experience in MNCs.
@sohamjoshi9353
@sohamjoshi9353 3 жыл бұрын
Can you please do a video on whether to choose audit or tax for your career?
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Yes it’s in my planner!
@damianmysciak3264
@damianmysciak3264 3 жыл бұрын
9 months in AP was enough for me 😂
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Haha I understand
@coolbeans470
@coolbeans470 2 жыл бұрын
Ditto
@JJ-dw4lz
@JJ-dw4lz Жыл бұрын
What did you transition to?
@arslantahir1708
@arslantahir1708 3 жыл бұрын
I am accounts payable supervisor can understand the hectic schedule of the AP accountant
@marleneriley5298
@marleneriley5298 Жыл бұрын
One of my writing classes says 1-9 is spelled out in a sentence. Is that rule outdated (one, two, three)?
@RinaMaeAngelaGeronimo
@RinaMaeAngelaGeronimo 2 жыл бұрын
I hope u create course related to AP function 😭 for AP analysts /specialists
@TheFinancialController
@TheFinancialController 2 жыл бұрын
Soon
@Kojtxiv5555
@Kojtxiv5555 2 жыл бұрын
My life everyday!
@elhassanezeriouh2636
@elhassanezeriouh2636 2 жыл бұрын
Can you a video about different audits: Soc, Fs.
@juanpablomolina2961
@juanpablomolina2961 2 жыл бұрын
Pretty good!
@GrahamBrook
@GrahamBrook 2 ай бұрын
Need a attorney with my application version profile website
@zacharystephens339
@zacharystephens339 2 жыл бұрын
Hey Bill, probably coming from another angle here than most. No college degree (not enrolled either) and just landed an accounts payable clerk position. (idk how either.) If I follow down this career path would you recommend going back to school? I've noticed most AP manager positions require a degree and/or 5-10 years experience. Obviously being 2 months in that's going to take a while. Any advice welcome! Thanks for the videos!
@TheFinancialController
@TheFinancialController 2 жыл бұрын
Yes I’d go back to school. You will earn so much more over your career
@zacharystephens339
@zacharystephens339 2 жыл бұрын
@@TheFinancialController BS in accounting, Bach of Bis Admin in Acct, etc. which degree would you say has the highest success rate?
@myamcneil104
@myamcneil104 2 жыл бұрын
Hello, I see that you should be 4 months in now. How is it going? Do you like it? Any advice for others?
@markanthony7078
@markanthony7078 2 жыл бұрын
Look at the Professional Accountancy Exams for education .....start from there as these will arm you with all you need to get to the moon......Top ....we all start from somewhere and experiences different. I have taken the Chartered route in the UK ( ACCA )......Good luck my friend.
@chikaonwubu8439
@chikaonwubu8439 2 жыл бұрын
@@markanthony7078 Please can you share on how a beginner like myself can learn about quickbooks in readiness for an account payable role? Thanks as I await your feedback
@MissWolley
@MissWolley 2 жыл бұрын
Is there an sponsorship available for AP in the US for foreigners? Working offshore (Philippines) for a US based company for 3 years in AP. Thank you!
@GrahamBrook
@GrahamBrook 2 ай бұрын
Microsoft Copilot into your computer profile on this today
@eseoris6325
@eseoris6325 12 күн бұрын
Is there a video like this for Account receivable?
@TheFinancialController
@TheFinancialController 12 күн бұрын
Yes I have one on AR
@eseoris6325
@eseoris6325 12 күн бұрын
@@TheFinancialController please can you send me the link. Thank you
@TanveerTanveer-j5f
@TanveerTanveer-j5f 4 ай бұрын
did accounts payable get incentives like customer service?
@TheReal_DeanD
@TheReal_DeanD 8 ай бұрын
I keep thinking of Joe Pesci from Good Fellas. "F u pay me!!"
@neezy728
@neezy728 2 жыл бұрын
How much do you get paid for what you do now and how much did you start with as an AP? I’m trying to see if this job is worth it lol
@teejay6063
@teejay6063 Жыл бұрын
😅 Collection agency!! OH DEAR GOD!
@blanktitle198
@blanktitle198 2 жыл бұрын
Hello Bill, I am the type of individual that needs constant changes in the work environment. I imagine myself being involved in many (fun) administrative tasks. I am concentrating in Accountancy at a California University. Am I making a good decision studying accounting? Thank you
@TheFinancialController
@TheFinancialController 2 жыл бұрын
Accounting can provide a very stable career and you could make a very decent living. There are constant changes but I’m not sure of these are the type of exciting changes you might be looking. The changes in the business can be related to the business model revenue streams changes in the accounting standards etc.
@KING0420
@KING0420 2 жыл бұрын
To piggy back off of Bill I think accounting is a great field with great job security and room for growth. I’m currently in AP but I’m on my way to one day become an CFO. I think it’s great from my experience. Thanks
@akshaykarir6546
@akshaykarir6546 Жыл бұрын
I’m
@harishravishankar
@harishravishankar 2 жыл бұрын
I think children in US have fun parties with finance things earlier in life.. compared to me..
@harishravishankar
@harishravishankar 2 жыл бұрын
Thought in 1994
@harishravishankar
@harishravishankar 2 жыл бұрын
Hope all get good life due to insta and YT from 3 years watching as business..
@AP-mv4oi
@AP-mv4oi Жыл бұрын
Any legit website for Account receivable certification to get a job? Moved to states recently kindly guide
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