Paying overtime can be costly -- and depending on your timekeeping policies, it can be an expense that catches you off guard. A February 2022 court case provides an example. The issue in the case was whether supervisors at one…
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Got an Excel attachment in your email? Double-check it before downloading - it could be infected with malware. In its 2021 Q4 Threat Insights Report, HP’s Wolf Security service detected a dramatic 588% surge in computer and network malware infections…
While it’s fairly straightforward to establish the right benchmarks and key performance indicators (KPIs) for your Finance team, it might be trickier to put them into practice correctly. Here’s what the experts suggest to help you and your team boost…
You know that increasing electronic payments and decreasing paper checks streamlines your company's finance operations in a big way. But what about those vendors your company works with that still don’t accept e-payments? How can you win them over? Electronic…
From the demands of staying in compliance with so many new laws to the abrupt changes the pandemic dropped on workplaces, many finance pros have noticed their departments’ stress levels have significantly increased. And of course, chronic stress puts employees…
Expense reports may have decreased for some companies during COVID. But in many cases, expense reimbursement requests are back on the rise. Your A/P team should keep its eyes peeled and expect more mistakes as more employees submit expense reports.…
Even if you’ve automated your A/P operations, manual processes often get in the way. This can waste time, money and energy for companies. A/P automation solutions provider Beanworks surveyed A/P pros on their biggest manual pain points that bogged down…
Late vendor payments can lead to your A/P department fielding a lot of phone calls and emails from a vendor. This can damage your company's relationship with a vendor fast if it persists. Because you want to get things moving…
When it comes to electronic funds transfers, your top two choices are automated clearing house (ACH) and wire transfers. But what’s the difference between them? Answer: A couple of things stand out. For example: With same-day processing, wire transfers are…
It's crucial to be aware of cyberthreats to your business. Crooks keep looking for new ways to fool finance pros into giving them access to company data and money. Inc.com reports a study from security platform provider CyberCatch found three…
Your company may benefit from the temporary 100% business deduction for food or beverages from restaurants, and A/P and Payroll hold key information that can help. By way of reminder, the Taxpayer Certainty and Disaster Relief Act of 2020 bumped…
When the Dept. of Labor (DOL) announced plans to update the salary level requirements for who’s exempt from overtime, that caused concern for some businesses. In fact, 110 associations and other groups representing employers sent the DOL a letter. They…
