Financial professionals who can read a chart are rightly worried about the long-term economic health of the U.S. To quote the late, great economist Herbert Stein, "If something cannot go on forever, it will stop." Try telling that to the…
Accounts Payable
After the flood of new e-commerce sales tax rules in the five years since the South Dakota v. Wayfair Supreme Court decision, this may be the year when more economic nexus laws finally start getting simpler. The Streamlined Sales and…
Crooks have more tactics for committing payment fraud at their disposal than you think. For example, these are just the different types of phishing attacks being used to exploit busy A/P staffers and steal money and sensitive data from companies:…
Whether they're triggered by criminal fraud, duplicate charges, a technical glitch or a dissatisfied customer, credit card chargebacks can become a nagging pain point for A/P and a disruptor to the efficiency and profitability of your business. In fact, Mastercard…
The big January 31 filing deadline for Form 1099-NEC is almost here! Organizations must not only put Form 1099-NEC into the hands of payees by that date, the IRS needs its copies of the returns by Jan. 31 as well.…
The emergence of A/P automation software in recent years has been the catalyst of significant transformation of the accounts payable function at many companies. With workdays less consumed by mundane, manual data entry and processing of paper invoices, finance team…
What experts are saying the top business finance trends will be for the upcoming year may sound familiar. They're worth highlighting because companies that are able to adapt to these finance trends are most likely to be well-positioned for success…
The success of Finance depends on an accurate and efficient A/P department. That includes every step of invoice processing - receiving, validating, capturing and coding data, matching to purchase orders and receipts, routing through approval workflows, etc. In today's business…
Year-end close is when many finance teams are vulnerable to burnout from a seemingly endless, high-priority to-do list of generating annual balance sheets, profit and loss statements and cash flow statements. So if your year-end closing is this quarter, or…
Digitizing A/P is still very much on the minds of your peers, who are prioritizing control of cash flow over business growth as organizations face economic uncertainty and rising inflation. A survey of 821 finance pros, as well as 246…
If a poll of attendees of a recent IOFM webinar is any indication, it's going to be a very busy Form 1099 reporting season in 2024 for your team. More than half (57%) of the respondents expected to file at…
Because of the American Rescue Plan of 2021, more companies and gig workers will be receiving Form 1099-K, Payment Card and Third Party Network Transactions, starting with tax year 2023. If you received gross payment transactions totaling more than $600…
