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Results for: 8.3.2.1 Maintain chart of accounts 
- Centralized Chart of Accounts: An AP Best Practice
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Centralizing the set up and maintenance of the chart of accounts is an APQC best practice for Accounts Payable. The centralization creates an internal control.
Type: Best Practices and Business Drivers Topics: General Accounting and Reporting, Finance and Accounting, Accounting, Internal controls, Auditing, Accounts Payable Processes: 8.0 Manage Financial Resources, 8.3.1 Manage policies and procedures, 8.3 Perform general accounting and reporting, 8.3.2.1 Maintain chart of accounts, 8.3.2 Perform general accounting, 8.3.4 Perform financial reporting, 8.6.1 Process accounts payable, 8.6 Process accounts payable and expense reimbursements- Relevance: 63%
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- Global Chart of Accounts - An AP Best Practice
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APQC's best practices for Accounts Payable includes establishing a global chart of accounts. The chart of accounts is the hub for financial data, from budgeting to financial reporting.
Type: Best Practices and Business Drivers Topics: General Accounting and Reporting, Finance and Accounting, Accounting, Accounts Payable Processes: 8.1.4 Evaluate and manage financial performance, 8.0 Manage Financial Resources, 8.1 Perform planning and management accounting, 8.3.2.1 Maintain chart of accounts, 8.3 Perform general accounting and reporting, 8.3.2 Perform general accounting, 8.6.1 Process accounts payable, 8.6 Process accounts payable and expense reimbursements- Relevance: 62%
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