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.

Mandatory electronic disbursements

June 21, 2022
June 21, 2022

Share

Q. In this new world of remote work, I remain determined to streamline disbursement of funds to vendors/supplier/payees. In doing so, I would like to require that all disbursements occur through electronic means only – ACH/Payment Cards/Ghost Cards, for example – thereby eliminating the distribution of the more risky and highly fraudulent paper check distribution. Has anyone on the IOFM Advisory Panel done this at their organization? And can they share the language that was communicated to all…

  Become A Member

Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!

Join Today


Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500