Nominations for AP Manager of the Year and AP Department of the Year are
now being accepted by the Institute of Financial Management (IOFM). The winners
will be announced on October 27 at the Accounts Payable Conference and Expo in
Las Vegas http://www.iofm.com/conference
.
AP Manager or Director of the Year - Qualifications:
* Strong leadership skills
* Professionalism
* Demonstrated ability to implement change
* Effective management resulting in improved processes
* Incorporates technologies resulting in significant savings
Nominate an AP Manager or Director. https://www.surveymonkey.com/s/CNLY96V
AP Department of the Year - Qualifications:
* Excellent customer service
* Effectively streamlined processes, implemented new
technologies, and/or reduced costs
* Made improvements to payment processes resulting in better
cash management or more prompt payment discounts
Nominate an AP Department. https://www.surveymonkey.com/s/CJS75C8
Nomination deadline: Friday, September 19, 2014.
Self-nominations are welcome. Click here for more information http://www.iofm.com/ap-expo-fall-awards
.
Friday, July 25, 2014
Sunday, July 20, 2014
IRS TIN Matching
Why you want to check TIN numbers on the IRS website?
Here are some comments from APPG members:
● "Lets you find out immediately if the EIN and Name are valid. I scan the W-9 and the TIN confirmation page for backup."
● "It really is a best practice, and everyone should be TIN-Matching in today's AP environment."
● "We get audited all the time so we use it to verify the information listed on a required 2013 w9! This is so our penalties and 1099's are correct! By implementing this practice we have updated our file with correct Tax status and saved thousands in fines!"
● "TIN Match=No B Notices. TIN Match is a must; all vendor accounts are supported by a Form W-9 and a TIN match '0' result."
How do we get started?
1. Visit IRS's e-Services website
2. Register as a user here
2. Register as a user here
Robert Ruhno
Accounts Payable Professionals Group
Saturday, July 19, 2014
What is FATCA?
What is FATCA? It sounds like a Canadian weight-lose website or an oversized pet, but it is not. It is a US federal law that requires documentation to prevent people and companies from hiding assets from being taxed.
It seems that companies will be required to maintain even more paperwork. This also includes a new tax form: the 8966 form that will need to be submitted on March 15th, 2015.
Here are some great places to get detailed FATCA information that pertains to your accounts payable department:
Wednesday, July 16, 2014
AP podcasts
I came across a great website that I wanted to share with you:
http://www.accountingtools.com/podcasts/
These are the Accounts Payable podcasts:
● Controls for Accounts Payable
● Accounts Payable Best Practices
● Accounts Payable Matching
http://www.accountingtools.com/podcasts/
These are the Accounts Payable podcasts:
● Controls for Accounts Payable
● Accounts Payable Best Practices
● Accounts Payable Matching
Robert Ruhno
Accounts Payable Professionals Group
Monday, July 14, 2014
Thank you to our members!
Accounts Payable Professionals is now over 30 thousand members strong! Thank you to all the members for making this group as great as it is.
If you work in the accounts payable field or are looking to change into AP, consider joining us! The group is free to join and is available on:
And you can follow us on Twitter: https://twitter.com/APProfessionals
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