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Accounts Payable |
The Complete Accounts Payable Resource for Finance Professionals |
The Accounts Payable Network
> inform > educate > empower
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With a network of more than 50,000 AP process owners in the U.S. and around the world, and a host of membership benefits, The Accounts Payable Network (TAPN) is the world's largest AP-focused organization.
Representative TAPN Member Organizations. Take a
3-minute Site Tour now.
TAPN's deep, comprehensive resources for executives and managers who oversee accounts payable give you point-and-click access to an exclusive accounts payable knowledge-base to help:
- Manage costs
- Increase productivity
- Keep current with AP methods and technologies
- Maintain vital internal controls
- Avoid compliance-related penalties
- Assure current policies
- Get answers to urgent questions
- Gain buy-in
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Focus areas include best practices for every AP function; AP metrics and benchmarking data; tax and regulatory compliance; solutions to real world problems; AP automation case studies; member Q&A networking forums, calculators, and more than 300 downloadable, customizable AP policies, flowcharts, templates and internal control checklists.
TAPN’s highly regarded training and certification programs provide AP education and credentialing for accounts payable managers and their staffs.
Learn more
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Manufacturers Build Effective AP Processes
AP Processes
Manufacturers must play a balancing act with their inventory. A lean manufacturing process has just enough material to meet production needs, and not so much that the organization becomes burdened with unused inventory. Streamlined procurement and payment processes are vital.
 The Manufacturer's Approach to Procure-to-Pay
Is Paying Late a Crime?
Tax & Regulatory
Late payments cause a variety of problems for accounts payable departments, including late fees, damaged vendor relationships, and possible disruptions to the supply chain. Could late payments also cause legal problems? A new law for businesses in the European Union does just that.
How the European Union Plans to Fix Late Payment Culture
Can Your Management Style Increase Fraud?
Fraud
Managers – whether they are an employee's department head, the company's CEO, or another member of the C-suite – are responsible for setting the tone for behavior and ethics in their organizations. If managers fail to meet their company's ethical standards, or have not established any, then there are no role models for the staff.
Avoid Negative Company Culture, Avoid Fraud
One-Stop Shop for Reporting Foreign Payments
W-8/1042-S
Determining when to withhold and report payments to non-U.S. persons can feel a lot like navigating a minefield. These resource tables outline the information a payer must consider when making payments to non-U.S. persons to comply with IRS regulations.
Guide to Foreign Payments
Is Fraud on the Decline?
Fraud
The latest survey from the AFP reports that most organizations suffered payment fraud last year. However, the same report shows that reported fraud cases are actually at their lowest level since 2005.
Payment Fraud Continues to Decline
British Columbia Makes Big Tax Change
Canadian Tax Issues
As of April 1, 2013, the Canadian province of British Columbia reverted back to the provincial sales tax (PST) from the harmonized sales tax (HST). The PST retains its former 7 percent tax rate and uphold all previous PST exemptions.
British Columbia PST Resource
Are you guarding your assets?
5/10/2013 - Alert - The Treasury department's OFAC has updated the SDN List--those individuals, entities and countries with whom it is illegal to do business.
What's OFAC? Click here for info and updates.
New Benchmark Results!
Metrics and Benchmarking
This survey updates a variety of metrics, including disbursement volumes and costs, virtual card payment practices, disbursement frequency and timing, and payment terms policies.
Benchmarks: Disbursements
The SEPA Deadline is Looming
Disbursements
Businesses with European bank accounts have less than a year to prepare for a major shift in how electronic payments are processed. Failure to update your vendor account numbers and payment systems could lead to missed payments and uncollected revenue.
February 2014: The SEPA Deadline
The Sales Tax Secrets of Drop Shipments
Sales and Use Tax
If you buy goods from an out-of-state vendor, but request the vendor ship them to yet another state, making sure you pay the correct rate becomes much more difficult. Buyers in a drop shipment not only need to know their vendor's nexus status, but their own as well. If you are exempt from tax on the purchase, you must know whether your exemption certificate is enough to waive the tax.
Simplifying Drop Shipments
New Federal Excise Tax
Sales and Use Tax
A provision of the Patient Protection and Affordable Care Act created a new federal excise tax on the manufacture of medical devices. The tax became effective Jan. 1, 2013. While the IRS actually imposes the tax on manufacturers – not purchasers – in most cases the buyer that will ultimately foot the bill.
Medical Device Excise Tax
1099 Benchmark Results!
Metrics & Benchmarking
TAPN's latest benchmark results look at electronic 1099-filing, IRS TIN Matching, the impact of 6050W, and many other information reporting metrics.
Benchmarks: Information Return Filing Practices
European Union Welcomes VAT Directive 2010/45/EU
Value Added Tax
To address the problems of the original VAT system, the Council of the European Union adopted the second VAT directive on invoicing, Directive 2010/45/EU, in July of 2010. The directive simplifies and standardizes the VAT process to make both paper and electronic invoicing simpler across the member states of the European Union.
European Union Welcomes VAT Directive 2010/45/EU
Ditch the Spreadsheets
Technology
Closing the books is a low-tech process, regardless of the automation level in other parts of your financial process. Using automation systems that can track each process and employee through the accounting close, however, organizations can shave valuable days off the time it takes to close their books, without putting their financial statements at risk.
Automating the Close: Beyond Checklists
2013 Mileage Rates
Travel & Entertainment
The IRS has released the 2013 standard mileage rates, which have increased compared to 2012. This rate represents the maximum amount you can reimburse employees for business miles driven without treating it as income.
2013 IRS Mileage Rate
Sales Tax Without Nexus
Sales and Use Tax
Two bills requiring retailers to collect sales tax on out-of-state purchases are making their way through Congress and have garnered bi-partisan support. Many politicians agree that progress is imminent. The two bills redefine sales tax nexus.
Is the Time Right for Streamlined Sales Tax?
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Free Member Benefit |
Upcoming Events
Conferences, Webinars & Seminars:
Excel: Essential Formulas for the Finance Function
Webinar • May 17, 2013
Reducing the amount of time you spend crunching numbers, while improving the reports and analysis you generate, is the focus of this intermediate-level Webcast, which features step-by-step tutorials of 12 indispensable formulas for corporate finance professionals.
Unclaimed Property: Staying Ahead of the Risk
Webinar • June 6, 2013
Businesses must understand the latest developments in escheatment law and state enforcement trends in order to effectively minimize the unclaimed property risk. This session features information about recent state law changes, the status of pertinent litigation and enforcement trends.
AP Training & Certification Seminar
Live Online Accounts Payable Certification Training Class
Online training • June 13 & 20, 2013
The Accounts Payable Network presents a live online Accounts Payable Certification training class with Judy Bicking. Judy's knowledge and exceptional ability to present and explain information led her to train AP professionals all over the globe. Train your entire team for one low cost from the convenience of your conference room. Whether you are just a beginner or a seasoned AP professional The Accounts Payable Certification program proves you are serious and knowledgeable about your job.
For many more events, see the Event Calendar.
Correct Vendor Addresses
Address Verification & Standardization Tool
This brand new tool allows you to correct street address errors in your vendor master file and can also help ensure that the vendor is actually located at that address.
TAPN Newsletters
AP Week:
TAPN's weekly e-Newsletter highlighting the latest research, valuable tools, and informative continuing education opportunities.
AP Monthly: TAPN's hardcopy newsletter mailed to thousands of members each month. Each issue features a new in-depth accounts payable article and highlights many of the essential resources available to TAPN members.
Accounts Payable Certification & Training
Certification:
Designed to help Accounts payable professionals meet standards, demonstrate proficiency and gain recognition.
Learn more
Training: The Accounts Payable Network can tailor a training program to fit your requirements. Contact us at APTraining@TheAPNetwork.com, or 866.827.6389.
A Note to CFOs, Controllers and Directors of Accounts Payable
 TAPN is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org
Companion Resource
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Welcome
Sunday, May 19 2013
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