Payment

A term you’ll hear from time to time is “desk-level decision making.” That simply means that each team member is making their own decisions about their process and priorities. As an example,… Read More

This template offers a sample blank invoice with important fillable fields included, and a tab that displays that template with sample data filled in and associated callouts.

Microsoft Excel

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We asked the IOFM Advisory Panel to weigh in on what comprises the perfect invoice. Our goal was to come up with a guide for both AP and AR to follow, with the objective of creating a document that… Read More

Are you trying to determine what is holding up your invoices and why they are aging? To get to the source of the problem, take these four steps: 1. First, determine both what is holding up the… Read More

"Payment terms" refers to the provisions the buyer and seller have agreed upon to get the goods paid for. Of course, payment terms and conditions must be negotiated up front and agreed upon by both… Read More

By Pam Miller Terms Aren't Easily Found on the Invoice You would think that early payment terms would be easy to find on the vendor's invoice. Not so. Sometimes the terms are in the header… Read More

Q. I need to understand the impact of unpaid prepayment at month end. Should AP cancel invoices… Read More

Accounts payable departments can have the best-designed processes in the world, but without ongoing process management, AP cannot function at optimum performance levels. The consequences can be… Read More

On Monday, August 17th, from 12 p.m. to 1 p.m., IOFM conducted a Community Call with Financial Operations professionals to discuss best practices for increasing the use of e-invoicing and electronic… Read More

Q. What are Intracompany and Intercompany payments, and how are they different? How are these… Read More