Reconciliation

Reconciling cash activity for a combined legal entity

Q. Currently our Treasury team creates our bank accounts with the intent to have all activity (AR,… Read More

Best practice on writing off old invoices?

Q. I have unresolved invoices on my accounts payable aging dating back to 2015. The suppliers are… Read More

Pricing variation tolerances

Q. We are currently going through an exercise to review our tolerances. Do you have any… Read More

Clearing a credit balance

Q. Our supplier had dual payment methods, credit card and ACH. Each payment method has its own… Read More

Responsibility for vendor credits

Q. As I am sure this is a topic of frustration at other companies, where there are both Purchasing… Read More

Tips for Better Budgeting

Budgeting is one of the key functions in every controller’s job description. A sound budget can mean the difference between maintaining a strong bottom line and falling short of strategic financial

Business Excellence Tools Yielding Good Results for Finance

Finance can go beyond closing the books to make a strong impact on the performance of the enterprise as a whole. "Innovative finance teams are adopting the tenets of business excellence, which

We take the invoices for the next couple of months, upload the batch to the bank site, and the bank pays the vendors on the due dates. How do we manage the accounting, and will this have any adverse effect on the DPO/DSO ratio?

While the approach you describe does have a distorting impact on DPO, more importantly, it is

Reconciliation Policy

This template provides an example of an AP Reconciliation Policy. Microsoft Word

How Well Are You Managing Your Organization's Contracts?

A contract is a legally binding agreement between parties specifying an arrangement or transaction, and containing the terms and conditions that apply. It is the cornerstone to any business