Get access to hundreds of financial resources as an RFP INSIDER
Learn MoreOne thing the pandemic didn’t slow down? Employee attempts to submit some outrageous expenses for reimbursement. Spend management and risk mitigation technology expert Oversight recently released its Top 10 Most Shocking Expenses list. And it’s got some doozies on it!…
One of the best ways to measure your A/P team’s success is to look at benchmarks and see how your operations compare to your peers’. And you can do just that by reviewing and sharing the latest annual numbers, outlined…
Nothing holds up your finance department’s payment process quite like approvers who won’t verify invoices in a timely fashion. Staffers may feel like no matter how much they stress the importance or urgency of invoice approval, the message doesn’t sink…
As careful as your finance team is when filing 1099s, even tiny errors can lead to costly penalties from IRS and time-consuming corrections. Of course, 1099 penalties and corrections are something you never want to deal with in the first…
Once year-end responsibilities die down, your A/P department can finally focus on its agenda for the rest of the year. Two months in, 2021 is already unlike any other. Companies are still operating in the midst of a pandemic. And…
Good news for your finance team: The Service’s new online platform for filing 1099s is coming along nicely. As you know, the Taxpayer First Act calls for the development of a new online portal – similar to the SSA’s Business…
The hectic 1099 season is fast approaching, and 2020 filing deadlines will be here before your finance team knows it. Due to recent developments – from the revived 1099-NEC to all the process changes that resulted from the coronavirus pandemic…
In today’s dispersed and remote world, credit cards are an efficient payment method for business purchases. But not every employee needs a corporate card, meaning many use their own personal credit cards. In fact, when looking at what payment methods…
Good news: Your company can safely reimburse remote employees for their home internet access without jeopardizing your compliance. The IRS chief of employment tax examination in the Small Business/Self-Employed Division recently weighed in on this timely tech topic. Of course,…
Right now, as many companies deal with remote work and resulting process changes, the clarity of your A/P policies becomes even more important. If your staff’s like most, it’s been working to review and update some policies for the “new…
Your master vendor file (MVF) can help simultaneously boost compliance, monetary savings, payment accuracy and business relationships. That is, if you maintain it well, which seems to be a sticking point for many companies nowadays. Ready for the ‘new normal’…
The slow-climbing – then rapid – shift to a remote business world has furthered the argument for replacing manual A/P processes with electronic ones. It’s no longer realistic for your A/P team to have critical invoices, tax forms and other…
Resourceful Finance Pro, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day's headlines, Resourceful Finance Pro delivers actionable insights, helping Finance execs understand what Finance trends mean to their business.
