Billing

10 Things AR Leaders Should Do Following the Supreme Court’s Tariff Ruling

The Supreme Court's invalidation of tariffs imposed under emergency authority has sent a shockwave through finance teams, and understandably so. The prospect of refunding more than $100 billion in

Payment Direction Form

This downloadable, customizable document provides customers with information to pay by a number of different methods, including EFT/ACH and wire, plus a mailing address for lockbox payments.

ACH and Wire Information Form

This template is a customizable form to submit to customers with specifics about various accepted payment methods. Microsoft Excel

IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Proof of drop-ship delivery vs. auto-posting corresponding invoices

Q. A recent audit has resulted in a requirement to obtain signed bill of ladings/shipping documents to substantiate customer invoicing/revenue recognition when suppliers drop ship orders directly to… Read More

AP/AR Netting: Is It Right for Your Organization?

In situations where companies both buy and sell from the same organizations, there’s an opportunity to increase efficiency while cutting costs. That strategy is called “AP/AR netting.” Netting… Read More

Delayed goods receipts

Q. How do delayed Goods Receipts by customers impact timely payments? (This question can refer to Net Terms or actual receipt of merchandise.) Background Information: For our company, we have… Read More

Standardized invoicing

Q. A challenge for U.S. financial operations is that the United States has no standards for how suppliers should submit invoices, An organization called “The Business Payments Coalition”… Read More

AR portal specialists

Q. To my understanding, an "AR portal specialist" is a role on AR teams that is tasked with uploading invoices to portals like Ariba, Coupa, Tipalti, et cetera. To my understanding, Ariba and Coupa… Read More

2021 Update: Business Payments Coalition E-Invoicing Framework

In September 2021, the Business Payments Coalition (BPC) published E-invoice Exchange Framework: Requirements for Oversight. BPC, a group of volunteers dedicated to increasing the adoption of… Read More

Order-to-Cash Solution Consultant Certificate Program (AOCSC) – Self-Study Online Course

Course Description

The Order-to-Cash Solution Consultant Certificate Program (AOCSC) trains vendors to speak the language of their clients in the order-to-cash space. The program covers all areas