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Why Your Vendor Credits Are Disappearing

Vendor credits disappear at an alarming rate. Vendor credits represent real money that is owed your organization, money that can be added right to the bottom line. Yet, this doesn’t always happen. In this piece we take a look at what vendor credits are, how they are created, and some slimy practices some suppliers will use to try and hold onto your vendor credits. Stick around until the end when we discuss how, even when dealing with the most honorable of suppliers, your vendor credits may disappear, that is go up in smoke and We’ll show you how to avoid this. #accountspayable #credits #vendorcredits

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

Vendor credits generally are overpayments and are funds owed your company, money that will increase your profitability. In this piece we take a look at what vendor credits are, how they are created, and some slimy practices some suppliers will use to try and hold onto your vendor credits.

Link to Common Practices that Guarantee Duplicate Payments
https://youtu.be/Ye8sqzmP7KE

Link to Duplicate Payment Avoidance Playlist
https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hfm-G5d8-CpBsC3xi-nQTn2

Link to AP Now’s Invoice Series
https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com

Host: Mary Schaeffer (www.ap-now.com

Common Practices that Guarantee Duplicate Payments

Duplicate payments – every company has them although they all wish they didn’t. And before you say, “oh well, the vendor will return them,” let me assure you most don’t. This scourge can be managed, but only if you use best invoice handling practices. There are certain practices, sadly in use in many companies, that will increase the number of duplicate payments. The goal, therefore, is obviously to keep the number as low as possible. But how to do that. We’ll identify several practices that no company should be using – and if you are you should stop it immediately. Make sure you stick around until the end when we discuss one that, at first glance, appeared to be the silver bullet to solve this problem. Regrettably, some still cling to the hope that it works. It doesn’t and we’ll explain why.

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

Link to Duplicate payments that happen at unexpected times
https://youtu.be/OODqvjcxfRQ

Link to Duplicate Payment Avoidance Playlist
https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hfm-G5d8-CpBsC3xi-nQTn2

Link to AP Now’s Invoice Series
https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com

Host: Mary Schaeffer (www.ap-now.com

Wordle Tips [ Part 1: B C D E F G]

Wordle stumpers!!!: Do you ever find yourself scratching your head because of one of the letters that Wordle says is in the solution, just doesn’t seem to fit? Somehow, you’re having a temporary thinking block, and have gone through what you think are every possible letter combination and you are still coming up with NOTHING? This is the first part of a series of Wordle tips to help you deal with the Wordle Stumpers. #Wordle #Wordletips #Wordlestrategy

This is Wordle Stumpers Part 1 and focuses on the letters B C D F G H. It is part of a longer series that takes a deeper look into the problems you may have in finding a solution when B C D F G or H are part of the final answer. Wordle – the alphabet series – should help all Wordle players.

Wordle is the game that has been sweeping the Internet. With only one hand each day, players have six chances to guess the daily five-letter word. A green square indicates a correct letter in the correct spot and a yellow letter reveals a correct letter in a different spot.

Follow me on Twitter: @MarySSchaeffer for sparkling commentary to the day’s puzzle; okay, sometimes they are not so sparkling but they are the best I can come up with on the spur of the moment.

Wordle Game Strategy when Stuck
https://youtu.be/OHmEkVPYFkc

Link to Best Starting Word Revisited
https://youtu.be/4FY28GWPddI

Link to the Wordle Play List of All Wordle Videos
https://www.youtube.com/playlist?list=PLtL6rWSXZ-HefxYm4ymJ0RSWKFC_c9Lys

Link to The Book: Wordle: The Rules, Strategy and Expert Tips
https://www.ap-now.com/snip/111.htm

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Interested in learning more about issues impacting accounts payable. Sign up for AP Now’s free ezine at: www.ap-now.com

Host: Mary Schaeffer (www.ap-now.com )

Advance Your Career in Accounts Payable with These Essential Skills

If you are looking to advance your career, be it in accounts payable, accounting or finance, there are certain essential skills you will need. These skills are essential if you wish to advance, that is if you wish to get promoted in accounts payable or accounting. Make sure you stick around until the end when we discuss one that I believe is not only essential, but you won’t succeed without it. #Accountspayable and #accounting #career

The accounts payable skills needed to succeed may not be what you thought they were. As time goes on, the ability to enter data as quickly as possible will be less in demand while other skills will become more important. You can advance your career in accounts payable with these essential skills, the accounts payable skills you need to succeed, the accounts payable skills you need to get promoted.

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

Link to What You Need to Know to Work in Accounts Payable
https://youtu.be/UGFaUkiNPP0

Link to AP Now’s Invoice Series
https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com

Host: Mary Schaeffer (www.ap-now.com

Invoice Automation: Key Issues to Address for Success

Accounts payable automation and Invoice automation are hot issue for many accounting and finance teams. Invoice automation or accounts payable automation projects are usually started to improve accounts payable efficiency, reduce invoice processing errors, streamline the accounts payable and/or invoice handling process and generally make a more effective accounts payable function. To ensure success, there are more than a few issues to consider. We will discuss many of them in this piece. Make sure you stick around until the end when we discuss one critical issue that many ignore and it’s the reason many automation projects fail. #accountspayable #invoice #automation

When looking at invoice automation, the invoicing function is ripe for automation. Accounts payable efficiency, which includes accounts payable time management, Cash flow enhancement, reduction of invoice errors, as well as invoice software streamlining accounts payable processes is the goal. This multi-faceted goal for the simple streamlining invoice processes or invoice management is impressive. Invoice processing, key to any accounts payable function requires an invoice automation solution that addresses all these functions..

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

Link to 9 Reasons Why Your Automation Project Fails (supplier-related)
https://youtu.be/Z3oITKT0LR0

Link to AP Now’s Invoice Series
https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com

Host: Mary Schaeffer (www.ap-now.com

Wordle’s Next Frontier: Are You Up for It?

If you like playing wordle but are up for a slightly more advanced challenge, or perhaps just want to find a way to expand the social aspects of the game, we’ve got a few suggestions for you. Make sure to stick around until the end when we share the Bill Gates Wordle Game. #wordlejeopardy #wordletwister #wordle

Wordle's Next Frontier: Are You Up for It? Focuses on several new games you can play (many with friends) after you’ve finished the daily wordle game. Wordle's Next Frontier is a fun look at some wordle after-the-party games that includes a few wordle tips for your wordle game.

Wordle is the game that has been sweeping the Internet. With only one hand each day, players have six chances to guess the daily five-letter word. A green square indicates a correct letter in the correct spot and a yellow letter reveals a correct letter in a different spot.

Link to Bill Gates and Wordle
https://youtu.be/zwgBhRhdNpw

Follow me on Twitter: @MarySSchaeffer for sparkling commentary to the day’s puzzle; okay, sometimes they are not so sparkling but they are the best I can come up with on the spur of the moment.

Link to Best Starting Word Revisited
https://youtu.be/4FY28GWPddI

Link to the Wordle Play List of All Wordle Videos
https://www.youtube.com/playlist?list=PLtL6rWSXZ-HefxYm4ymJ0RSWKFC_c9Lys

Link to The Book: Wordle: The Rules, Strategy and Expert Tips
https://www.ap-now.com/snip/111.htm

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Interested in learning more about issues impacting accounts payable. Sign up for AP Now’s free ezine at: www.ap-now.com

Host: Mary Schaeffer (www.ap-now.com )

Expense Reporting: Personal Cards

Use of personal cards instead of company credit cards is a weak (as opposed to best) expense reporting practice. Yet, it is tolerated in almost half of all organizations despite the fact that these organizations have company cards. In this short episode, we take a quick look at why this is such a bad practice and why it is tolerated. Stick around until the end when we share a nifty trick that will convince your travelers to use the company card, even if the company doesn’t mandate use of the company card instead of a personal card. #expensereport #accountspayable #accounting

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

Use of personal cards instead of company credit cards is a really poor expense reporting practice. Yet, in almost half of all organizations it is permitted despite the fact that these organizations have company cards. There is a nifty trick that will convince your employees to use the company card, even if the company doesn’t mandate use of the company card instead of a personal card.

Link to Questionable Expense Reporting Practices
https://youtu.be/zfimnwx64IE

Link to Expense Reporting Trends: Receipts
https://youtu.be/ftWRVfF9glQ

Link to Expense Reporting Playlist
https://youtube.com/playlist?list=PLtL6rWSXZ-HcjS9jyGWaV2-gJV5c1aTv0

Link to AP Now’s Invoice Series
https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com

Host: Mary Schaeffer (www.ap-now.com

1099 Worst Practices

Worst Practices when issuing 1099s are rampant. Many don’t realize that by using these worst 1099 practices they are inviting IRS ire. Want to know the secret to avoiding IRS ire? It’s simple. Don’t use Worst Form 1099 practices as they will be quickly identified if an organization becomes subject to an IRS Information Reporting audit. Keep in mind, the IRS has just received a massive infusion of funds, much of which will be spent on “enforcements,” which include Information Reporting audits. The IRS really does not want the fines and penalties it can collect from companies like yours who make mistakes issuing 1099s. They want you to do it RIGHT so they can collect more in the taxes owed on unreported income. Let’s take a look at some of the practices, unfortunately in use at many organizations, that everyone should avoid. #1099 #form1099 #1099BestPractices

Worst Practices when issuing Forms 1099 are widespread. Many don’t realize that by using these worst Form 1099 practices they are tempting catastrophe. Worst Form 1099 practices will be quickly recognized if a company undergoes an IRS Information Reporting audit.

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

Link to Perfect 1099 Tips
https://youtu.be/KcqYrRVBqgs

Link to 1099 + W9 Insights
https://youtube.com/playlist?list=PLtL6rWSXZ-Hcr8gIFixpz3Ex5hfK79DrY

Link to AP Now’s Invoice Series
https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com

Host: Mary Schaeffer (www.ap-now.com

Wordle Best Practices

Wordle best practices are those strategies you use to ensure you win the daily wordle hand and win it in as few rounds as possible. Use World best practices and over time, you will get better at this really-fun daily puzzle. #Wordle #wordlepuzzle #Wordlegame

Wordle best practices are used by wordle players to win in as few rounds as possible. These wordle tips can help anyone playing the wordle game to make as few errors as possible. Best wordle guesses depend on many things which is why it is important to have a wordle game strategy if you want to know how to win at wordle in as few rounds as possible. A strong wordle strategy will help you play wordle like a pro. The best wordle word helps in the wordle app.

Wordle is the game that has been sweeping the Internet. With only one hand each day, players have six chances to guess the daily five-letter word. A green square indicates a correct letter in the correct spot and a yellow letter reveals a correct letter in a different spot. Letters that have not been used yet remain grey. Wordle best practices are used by wordle winners everywhere.  

Follow me on Twitter: @MarySSchaeffer for sparkling commentary to the day’s puzzle; okay, sometimes they are not so sparkling but they are the best I can come up with on the spur of the moment.

Link to Best Starting Word Revisited
https://youtu.be/4FY28GWPddI

Link to the Wordle Play List of All Wordle Videos
https://www.youtube.com/playlist?list=PLtL6rWSXZ-HefxYm4ymJ0RSWKFC_c9Lys

Link to The Book: Wordle: The Rules, Strategy and Expert Tips
https://www.ap-now.com/snip/111.htm

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Interested in learning more about issues impacting accounts payable. Sign up for AP Now’s free ezine at: www.ap-now.com

Host: Mary Schaeffer (www.ap-now.com )

Accounts Payable Process: Three Way Match Best Practices

Best practices for the three-way match process in accounts payable or accounting can mean the difference between paying exactly what you owe and paying a lot more on your invoices. The three-way match is a process that businesses use to ensure that the goods or services they receive match what they ordered, as well as what they are being billed for payment. This process helps to prevent errors and fraud and is an important part of a business's financial management. Sadly, some of these steps are sometimes overlooked costing businesses hundreds or thousands of dollars – or more. Stick around until the end when we discuss one many companies never even consider. #accountspayable #threewaymatch #accounting

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

Three-way match best practices for the invoice handling process in accounts payable or accounting can mean the difference between paying what’s owed or more than what’s owed.

Link to Three Way Match Internal Controls
https://youtu.be/mCJTAPAsFQc

Link to AP Now’s Invoice Series
https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com

Host: Mary Schaeffer (www.ap-now.com