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.

Payment matching policy

March 14, 2022
April 6, 2022


Q. We have three AP specialists who match payments once they are processed. We are looking to write a policy to include a percentage of the payments that are quality controlled for matching. Do you have a best practice what percentage of payments should be quality controlled matched? If there is an error found, who should fix it? A. (Answered by the IOFM Advisory Panel) ----- AP seeks approval of all invoices they process. We do not pay an invoice until it is approved by the departments…

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