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Submitted by amotuz on Mon, 02/20/2012 - 13:25.
Submitted by pharbin on Tue, 02/14/2012 - 12:32.
Thanks to government mandates in the U.S. and abroad, one invoice automation provider estimates that B2B electronic invoicing usage increased by 20 percent in 2011.
According to an article published in Business Finance, automation software provider Basware made the estimate. Basware cites recent e-invoicing mandates in Mexico and Finland for the increase, adding that similar mandates around the world should spur growth in the coming years.
Submitted by pharbin on Tue, 02/07/2012 - 13:49.
Anyone responsible for hiring new employees knows that the process is full of contradictions. Even after doing everything right – interviewing several candidates, conducting multiple interviews, and narrowing down the best applicant – it is possible to hire the wrong person for the job.
According to a recent article published by CFO.com, this problem happens more than managers want to admit. Fortunately, by taking some precautions next time you begin searching for a new hire, you can avoid repeating the same mistakes.
Submitted by pharbin on Mon, 01/30/2012 - 17:28.
1099 season is exhausting. Everyone has to file them and everyone has questions.
Over at The Accounts Payable Network, members have inundated our popular Ask the Expert feature with questions. These typically take the form of “we made a payment to X, do we have to report?” One issue that seems to be particularly tricky for AP departments is payments for medical services.
Submitted by pharbin on Tue, 01/24/2012 - 10:18.
When users purchase an ERP solution, providers will install the software inside the business's computer system or they host the system on their own servers and allow users to access it via the Internet. Called software-as-a-service (SaaS), the latter model has gained in popularity in recent years.
Submitted by pharbin on Tue, 01/17/2012 - 12:48.
Accounts payable professionals may have to start re-writing their sales and use tax policies as more states begin charging sales tax on online purchases.
Currently, 12 states have passed so-called "Amazon" laws designed to expand the definition of nexus to make more online purchases subject to sales tax. These states are Arizona, California, Colorado, Connecticut, Illinois, New York, North Carolina, Pennsylvania, Rhode Island, South Dakota, Texas and Vermont.
Submitted by pharbin on Tue, 01/03/2012 - 14:59.
Happy New Year! This is the time of year when we evaluate our shortcomings and strive to improve. While this practice is usually associated with our personal lives, there is no reason why you can't apply it to working in accounts payable. AP organizations should always be looking for ways to work more efficiently and inexpensively.
Submitted by pharbin on Mon, 12/12/2011 - 13:12.
The IRS has released the optional standard mileage rates for 2012, which look very similar to the rates established for the second half of 2011.
Beginning Jan 1, 2012, the standard mileage rates for the business use of a car (including vans, pickups or panel trucks) will be: :
- 55.5 cents per mile for business miles driven;
- 23 cents per mile driven for medical or moving purposes; and
- 14 cents per mile driven in service of charitable organizations.
Submitted by pharbin on Mon, 12/05/2011 - 12:07.
While the overall spend that organizations put on their purchasing cards continues to grow every year, benchmark data shows that the growth is slowing. In addition, the percentage of organizations that have implemented p-card programs has remained essentially unchanged for the last two years.
However, this data is far from a sign that p-cards are on the way out. In fact, the opposite is true. P-cards are now a mainstay in a majority of accounts payable departments and the slowdown speaks more to the explosive growth seen during the past decade.
Submitted by pharbin on Tue, 11/29/2011 - 17:01.
Q: Is a settlement payment reportable if the payment is going to the attorney and an individual? And do we put it under the attorney's tax ID number? Are all settlements reportable no matter whom they are paid to?
A: A settlement payment naming both the attorney and the individual on the check is reportable to both attorney and individual. On the attorney's 1099, the amount goes in box 14 and yes, it goes to the attorney with the attorney's tax ID number.
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