Is the economy making thieves of your employees?
Four bucks for a gallon of gas + Four bucks for a gallon of milk + no pay raise = a potentially very expensive problem for companies.
Four bucks for a gallon of gas + Four bucks for a gallon of milk + no pay raise = a potentially very expensive problem for companies.
With all the questions Accounts Payable fields in a given day, staffers may feel more like an information booth than a Finance department. But are those queries eating into your efficiency?
On any typical day, your Accounts Payable staffers are zoned in on paperwork and payments. But it’s essential for them to pause and take a big-picture look at your invoice process.
Few groups rely on other departments like Accounts Payable — which isn’t always a good thing (especially if you ask them!).
Businesses like yours that expanded into e-commerce markets and digital sales channels have had to be aware of economic nexus ever since the tax compliance landscape changed with the landmark South Dakota v. Wayfair Supreme Court decision. Your Finance team’s responsible for collecting and paying sales tax on out-of-state online sales, including to the states […]
After months of hype and talk about the new 1099-NEC, it’s almost time for your A/P team to file these forms.
All-in-one payment solutions can revolutionize A/P and A/R departments. But many of your peers are still wary of these time-saving solutions, especially smaller B2B firms you may work with on a regular basis. The benefits outweigh the drawbacks in many ways, as recent research shows. Over 70% of executives say that their small and mid-sized […]
From inventory outages to incorrect orders to missed shipping dates, the era of COVID continues to be full of supply chain issues for businesses like yours. And miscommunication with vendors can make matters worse. To minimize the impact of supply disruptions and keep things flowing smoothly, it’s going to take open and honest cooperation between […]
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 back in the right direction and prevent late fees, it’s important to address the reason […]
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.
If your finance team ever handles 1099-G forms, it should be wary of a new scheme involving that specific information return.
Let your Payroll and A/P teams know that there’s new guidance from IRS on handling qualified transportation fringe benefits.
So maybe your A/P department isn’t ready to receive electronic invoices from every entry in your master vendor file. There’s still a way e-mail can speed your payment process.
Inefficient manual processes are getting to your A/P team, especially when they’re working with invoices. The current state of affairs is leading to burnout that, if left unaddressed, could increase turnover at your company. Over three-quarters of A/P staff said they processed more invoices this past quarter than ever, according to a recent survey from […]
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 productivity. And the results may not surprise you. Here are the top three issues with […]
If you’re expecting the selfish, entitled stereotypes surrounding the Millennial generation to carry over to T&E spending you’re going to be surprised.
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