Accounts Receivable

Credit Expert Answers

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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.

AR collaboration with sales

Q. How does AR collaborate with sales when it comes to setting and communicating customers’… Read More
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.

Best practice for vendor credit write-off

Q. Is there a best practice for when to write off an expected vendor credit from the balance… Read More
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.

Responsibility for supplier credit applications and the VMF

Q. Within your organization, who completes supplier credit applications? And is that group also… Read More
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.

Credit committee

Q. I have a question for my AR/C&C colleagues: Do you have a credit committee in your company and… Read More
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.

AR and credit responsibilities within the same team

Q. Do you have both AR and credit responsibilities within your AR team? Often I see AR and credit… Read More
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.

Requesting financial statements from private companies

Q. With the state of the economy, companies are trying to minimize risk. We have many private… Read More
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.

Electronic signatures on credit applications

Q. I have created our credit application in an Excel format for ease of entry by our customers. It… Read More
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.

Keeping up with assigned credit limits on accounts

Q. I am having a challenge with trying to keep up with assigned credit limits on accounts. Due to… Read More

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