Payment

Q. If we make payments on behalf of our parent company, who has to issue the 1099?  A. (Answered… Read More

These comments were compiled from an online discussion conducted by IOFM with the Advisory Panel on April 8, 2020. Lynn Tate, APM, Accounts Payable and Expense Report Analyst, Urban Science… Read More

These comments were compiled from an online discussion conducted by IOFM with the Advisory Panel on April 8, 2020. Lynn Tate, APM, Accounts Payable and Expense Report Analyst, Urban Science… Read More

Dynamic discounting describes an arrangement between a buyer and supplier whereby payment for goods or services is made early in return for a reduced price or discount. The arrangement includes the… Read More

Are You Missing Out on Millions?

Early payment discounts can mean big savings for your organization. A standard "2 percent 10" invoice discount (the buyer receives 2 percent off for paying within

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Scanning Turns Paper Invoices Into "E" Data—and AP into "Accounts Paperless" by Judy Bicking, IOFM Senior Trainer Scanning technology and workflow present a huge opportunity to gain control over… Read More

A question posed to IOFM rather frequently concerns a "no-PO, no pay" policy. Is it feasible? Should my organization implement one? Are there inherent problems? We asked IOFM Senior Trainer Judy… Read More

This form requests setting up a direct debit arrangement for specific vendors. Microsoft Word

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Q. We have a vendor that has asked to be paid in US dollars but they have a Canadian bank account.… Read More

Q. I would be interested to know from others the frequency of their payment runs including payment… Read More