Payment

Are you trying to determine what is holding up your invoices and why they are aging? To get to the source of the problem, take these four steps: 1. First, determine both what is holding up the… Read More

"Payment terms" refers to the provisions the buyer and seller have agreed upon to get the goods paid for. Of course, payment terms and conditions must be negotiated up front and agreed upon by both… Read More

By Pam Miller Terms Aren't Easily Found on the Invoice You would think that early payment terms would be easy to find on the vendor's invoice. Not so. Sometimes the terms are in the header… Read More

Q. I need to understand the impact of unpaid prepayment at month end. Should AP cancel invoices… Read More

Accounts payable departments can have the best-designed processes in the world, but without ongoing process management, AP cannot function at optimum performance levels. The consequences can be… Read More

On Monday, August 17th, from 12 p.m. to 1 p.m., IOFM conducted a Community Call with Financial Operations professionals to discuss best practices for increasing the use of e-invoicing and electronic… Read More

Q. What are Intracompany and Intercompany payments, and how are they different? How are these… Read More

AP and AR often seem to be at cross-purposes—yet they have a lot in common. Both AP and AR

… Read More

On Monday, June 29th, from 12 p.m. to 1 p.m., IOFM conducted a Community Call with Financial Operations professionals whose organizations have low invoice volumes. The Zoom call was moderated by… Read More

Suppliers are in a bind. With COVID-19 still taking a massive toll on businesses throughout the U.S. and beyond, getting paid is of paramount importance. With their customers short on cash… Read More