The economy will continue to fluctuate next year, and that'll be driven by interest rates, according to a webinar on 2023 Finance trends from Controllers Council. Many of your peers agree that it'll be a roller coaster ride because they're…
Accounts Payable
Since remote and hybrid work became normal for many companies, some workers are complaining that their employers should pay for work-from-home expenses, such as internet and electricity costs, printers and office supplies. A few employees are even suing their employers…
Since about 80% of all your company's transactions go through A/P, if a totally paperless A/P department is one of your goals for 2023, robust controls to prevent waste and misuse of company funds will be essential. That's because according…
Rising interest rates across the board have been a fact of life lately. Therefore, it should be no surprise that the Service announced more interest rate bumps for Q1 2023 in Rev. Ruling 2022-23. Effective January 1, 2023, the new…
Form 1099-MISC and 1099-NEC deadlines are fast approaching, and you don't want an IRS audit revealing that your company sent vendors the wrong form. Determining when to use 1099-NEC for payments of $600 or more to nonemployees can be tricky…
With an unclear economic picture for 2023, it's important to take advantage of opportunities to make your business more efficient. But your spend management – which may be hindered by manual processes, and paper receipts, card statements, expense reports and…
To keep your business competitive in the midst of a labor shortage it may take more implementation of digital finance technology which enables teams to get more done in less time. Technology (including finance technology) has a lot to do…
Your A/P department's master vendor file is a crucial part of managing your company's supply chain assets, providing data for analysis of spend, payment methods, payment terms and rebates. But that data's only valuable if it's accurate and reliable. A…
Your A/P staffers are well aware of the ways state revenue departments make life complicated with their ever-changing sales & use tax laws. Seasoned A/P pros are typically able to follow the logic behind some of the unusual sales &…
A top priority for your Payroll and A/P teams at the start of 2023 will be processing 1099 forms and getting them into the hands of vendors by the January 31 deadline (the deadline's Feb. 15, 2023 for Form 1099-MISCs…
Whether your year-end closing is this quarter or still months away, your Finance team needs a strategy for keeping stress low and productivity high while generating those annual balance sheets, profit and loss statements and cash flow statements in case…
As you may have expected, almost every state has an economic nexus law requiring certain out-of-state sellers to collect and remit sales tax (the exceptions are Delaware, Montana, New Hampshire and Oregon). But what you might not be aware of…
