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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.

What does EOAP mean?

Q. What does the term EOAP + N90 mean? Would you explain what type of payment term this is? I'm not familiar with "EOAP." Should I avoid this and ask for lower terms? How is this different from N30,… Read More

IOFM Answers the Questions Every AR|C&C Department Is Asking During COVID-19

Everybody’s strapped for cash during the COVID-19 pandemic, buyers and suppliers alike. With no end in sight, some AR organizations have bent their normal terms and policies just to stay in

Is the COVID-19 Economy a Sales Opportunity?

by John G. Salek - For most companies, the COVID-19 economy will cause revenue reductions and cash shortages far worse than prior recessions in this country. Two major changes affecting the… Read More