{"podcast":{"title":"APNow","slug":"apnow-1047497","podcast_index_feed_id":1047497,"rss_url":"https://feed.podbean.com/apnow/feed.xml","website_url":"https://apnow.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/4711704/podcastlogo_-square.jpg","author":"Mary Schaeffer","episode_count":100,"summary":"Worried about keeping up with changing best practices, fraud, technology, regulatory concerns, and new processes impacting your accounts payable function? The AP Now podcast, hosted by Mary Schaeffer, one of the leading accounts payable experts, is for you. Mary will be joined by other thought leaders and practitioners for some episodes. In others, she’ll examine a prevailing issue or trend by herself. This weekly broadcast is especially designed to provide the needed business intelligence related to the payment and accounts payable functions. It’s for those who work in, manage, have responsibility for, or provide services to the accounts payable function. Find the AP Now podcast wherever you listen to podcasts or head over to www.ap-now.com, and sign up for our ezine to be alerted to new issues.","last_synced_at":"2026-09-16T04:19:04.327151+00:00","page_url":"https://stenobird.com/podcast/apnow-1047497"},"episode":{"title":"Cutoffs, Accruals, and Reversals in Accounts Payable: A Complete Month End Guide","slug":"cutoffs-accruals-and-reversals-in-accounts-payable-a-complete-month-end-guide","published_at":"2026-09-08T13:04:00+00:00","page_url":"https://stenobird.com/podcast/apnow-1047497/cutoffs-accruals-and-reversals-in-accounts-payable-a-complete-month-end-guide","show_page_url":"https://stenobird.com/podcast/apnow-1047497","url":"https://apnow.podbean.com/e/cutoffs-accruals-and-reversals-in-accounts-payable-a-complete-month-end-guide/","audio_url":"https://mcdn.podbean.com/mf/web/yaezjbxjy56gq9b3/cutoffs_accruals_and_reversals6ql5i.mp3","summary":"Cutoffs, accruals, and reversals are three of the most critical concepts in Accounts Payable — and they directly impact the accuracy of your month‑end close and financial statements. In this complete AP month‑end guide, you’ll learn how cutoff timing works, why GR/IR issues happen, how un-invoiced receipts affect your financials, and how to build clean, audit‑ready accruals and reversals. #AccountsPayable #MonthEndClose #AccrualAccounting #AccountingBasics #JournalEntries This video walks through the entire workflow AP teams use during month‑end close, including real examples of cutoff errors, timing mismatches, and the risks of old items sitting on your AP aging or GR/IR report. Whether you’re new to AP or looking to strengthen your accounting fundamentals, this guide will help you understand how AP supports accurate financial reporting. What you’ll learn in this video: ✔️ What cutoff means in Accounts Payable ✔️ How GR/IR timing issues occur ✔️ Why uninvoiced receipts distort financial statements ✔️ How to create proper AP accruals ✔️ How reversals prevent double‑counting ✔️ How AP impacts financial reporting and audit readiness ✔️ Common month‑end mistakes — and how to avoid them If you work in AP, Accounting, Audit, or Shared Services, mastering these concepts is essential for clean month‑end close, strong internal controls, and accurate financials. 👉 Next Step: Watch my follow‑up video on Journal Entries for AP to see how cutoff, accrual, and reversal concepts translate into real accounting entries. Link to Journal Entries A Guide to Almost Everything https://youtu.be/ONc03wC1zFA Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1","meta_description":"Cutoffs, accruals, and reversals are three of the most critical concepts in Accounts Payable — and they directly impact the accuracy of your month‑end clo…","key_points":[],"chapters":[],"topics":[],"duration_seconds":528,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/apnow-1047497/episodes/cutoffs-accruals-and-reversals-in-accounts-payable-a-complete-month-end-guide/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/apnow-1047497/cutoffs-accruals-and-reversals-in-accounts-payable-a-complete-month-end-guide.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}