You may have heard the term “Accounting DPO” floating around your business circles, and you’re probably wondering what it means. Well, wonder no more! The term is an acronym for “Designated Preparing Officer,” which is a person who is tasked with the responsibility of managing financial documents in a company. They are responsible for creating, approving, and signing off on financial documents such as invoices, purchase orders, and receipts.

The role of the Accounting DPO is vital to any organization because they help ensure that all accounting procedures are in line with the standards set by organizations such as the IRS and other governmental bodies. If something goes wrong with a transaction and it’s discovered that there was no Accounting DPO present at its inception or signing-off stage, then it could be declared invalid.

Also, once financial documents have been completed by an Accounting DPO, they are sent to another department within the organization called Accounts Payable (A/P). It’s important to remember that A/P does not have authority over these documents until they receive them from Accounting; only those in Accounting have authorization to approve these transactions. While this is standard procedure for most larger organizations, it’s not uncommon to find smaller businesses that don’t follow this protocol