Self-Study Course Details
Course Description

The year-end tasks in accounts payable are critical to accurate financial statements for any organization. Yet, often, they are a last minute affair, and proper attention is not accorded the tasks. This course is designed to highlight the issues both directly related to the year-end close and present information the professional can use to implement a smoother close in accounts payable.  Industry expert Mary Schaeffer shows auditors, controllers, and managers where year-end problems are likely to occur, how to prevent those problems moving forward. She also offers some straightforward best-practice advice on how to run the close in accounts payable as smoothly as possible. 

Learning Objectives:

  • Identify the tasks accounts payable needs to do to help the organization have an effective close
  • Pinpoint problem areas in the close before they occur so the difficult issues can be addressed before difficulties occur
  • Recognize how to resolve problems caused by discrepant invoices in a timely manner
  • Identify how to address the open vendor credit issue in a way that improves the organization’s bottom line
  • Understand how to create effective solutions to handle employees who submit expense reports long after their due date
  • Identify how to provide a workable approach to dealing with managers who don’t approve subordinates’ expense reports in a timely manner
  • Recognize how to create a document that will guide and track the accounts payable team through all its year-end tasks
  • Identify which items must be included in year-end accruals completed in accounts payable
  • Understand how to develop a best-practice approach to collecting all vendor tax information needed to issue Form 1099s in January
  • Learn to build workable solutions to address common Form 1099 problems
  • Pinpoint steps any organization can take to ensure a smoother close in accounts payable
Learning Objectives
  • Please see the 'Course Description' for the learning objectives.
  • None
Advanced Preparation


Author Details
  • Mary Schaeffer
    Mary Schaeffer

    Mary Schaeffer, AP Now’s Founder creates content around the accounts payable and payment function. This material takes the form of a twice-a-week free ezine, the AP Now podcast and YouTube channel with 500+ videos, a monthly newsletter, 20+ business books, a variety of courses for accountants and AP professionals, and numerous webinars. She served on the Business Payments Coalition and Federal Reserve’s Remittance Delivery Assessment Work Group, and is currently a member of Nacha’s ACH Network Advisory Panel. Schaeffer has been named a Top AP Influencer for the last five years. She also received the Well-Being for Others award from them in 2021 and was named the Top AP Influencer in 2022. She has a BS in Mathematics and an MBA in Finance. Before founding AP Now, she worked in corporate finance and treasury for Continental Grain (Cash Manager) Equitable Life, now AXA (Assistant Treasurer) and O&Y (Financial Risk Manager). 

NASBA Sponsor
  • National Registry of CPE Sponsors for the QAS self-study delivery method
    Encoursa is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:


  • Webinars: CPE certificates will be accessible through your dashboard 1 hour after a webinar concludes.

    Self-Study: CPE certificates will be accessible through your dashboard immediately after passing the qualified assessment.

    For specific instructions on accessing your CPE, please see our FAQ section on our support page.

  • Multiple Attendees on Webinars: Each attendee should register separately for the webinar. If more than 1 attendee participated from the same device, please contact us after the event to let us know. For group signups for paid events, please contact us.

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