Reconciliation

Q. I am seeking recommendations from the Advisory Panelists on how to resolve the issue of… Read More

We asked the IOFM Advisory Panel to weigh in on what comprises the perfect invoice. Our goal was to come up with a guide for both AP and AR to follow, with the objective of creating a document that… Read More

Budgeting is one of the key functions in every controller’s job description. A sound budget can mean the difference between maintaining a strong bottom line and falling short of strategic financial

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Finance can go beyond closing the books to make a strong impact on the performance of the enterprise as a whole. "Innovative finance teams are adopting the tenets of business excellence, which

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This template provides an example of an AP Reconciliation Policy. Microsoft Word

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A contract is a legally binding agreement between parties specifying an arrangement or transaction, and containing the terms and conditions that apply. It is the cornerstone to any business

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When a return merchandise authorization (RMA) from a vendor is not tied to the proper purchase order that accompanied the initial purchase, this can result in confusion, payment and credit errors,

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    Every item San Bernardino County spends money on, including utilities, workers compensation, and payroll, is entered in its chart of accounts, says Accounts Payable Manager Diana Atkeson, who

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Pam Buda, MBA, Accounts Payable Manager at St Luke’s University Health Network in Bethlehem, PA, posed this month's AP Question of the Month. She asks: "Vendors like when they can ‘offset’

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In the past few years, people have been scrambling to get a bigger computer monitor. Big monitors are great, but if you want to gain the most efficiency in accounts payable, make the move to two

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