I don’t think the account payable clerk needs to create a new expense account. Normally at the start of a new business the bookkeeper will establish the accounts required based on the needs of the finance department.

by | Jul 18, 2021 | Uncategorized | 0 comments

I don’t think the account payable clerk needs to create a new expense account. Normally at the start of a new business the bookkeeper will establish the accounts required based on the needs of the finance department. This is somewhat concerning that you need to create a new expense account. Creating a expense account should be included with the required categories to start appropriate finance management. The bookkeeper should question the reasoning behind create this account with the finance manager or CFO for the company. I don’t want to jump straight to accusing the accounts payable clerk of planned fraud. Perhaps this employee does not have strong accounting principles and skills. I would bring to upper managements attention and allow the allocated leader in the department to review the request before jumping into accusing someone of planning a crime. Now that the concern has been brought to upper management, the next steps should include scheduling a meeting with the accounts payable clerk to discuss and review documentation to support the reason for a new expense account.
Please respond with any additional facts. Please write a minumum of 175 words.

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