The Complete Accounts Payable Resource for Finance Professionals
The Accounts Payable Network
> inform > educate > empower
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.
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
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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
TAPNs highly regarded training and certification programs provide AP education and credentialing for accounts payable managers and their staffs.
When Fraud Strikes, Call in the Big Guns
While auditors can find material irregularities in the organization's statements and financial processes, they are often not trained to conduct a fraud investigation. If you suspect internal fraud, it is time to go beyond auditors and bring in a forensic accountant.
Forensic Accountants: When Fraud is Too Big for an Auditor
Retailers Keep Best Practices in Stock
Retailers have more to worry about than buying and selling merchandise. Each store is like an independent business with its own expense needs and suppliers. Bringing control to these expenses is one of trickiest accounts payable problems retailers face.
Stocking the Shelves: How Retailers Tackle P2P Challenges
New Benchmark Results!
Metrics and Benchmarking
TAPN's latest survey results on the State of Accounts Payable provide a snapshot of where organizations are today, highlighting the progress they have made towards moving from clerical to analytical accounts payable processes, and the work that still must be done.
Benchmarks: The State of Accounts Payable 2013
Beginning January 2014 (with deadlines extending out for several years), the rules for certifying and withholding on payments to foreign persons undergo major changes as part of the Foreign Account Tax Compliance Act (FATCA).
The Facts of FATCA
The End of Use Tax?
Sales & Use Tax
The Marketplace Fairness Act recently passed in the U.S. Senate, possibly pointing to a new era in sales and use tax compliance. Although the intention of the law is to force online retailers to collect sales tax, the law has other, far-reaching impacts. Could use tax all but disappear in the U.S.?
Marketplace Fairness Act: A Primer
Manufacturers Build Effective 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
Are you guarding your assets?
6/12/2013 - 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.
Can Your Management Style Increase 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
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?
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
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.
The SEPA Deadline is Looming
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
Free Member Benefit
Conferences, Webinars & Seminars:
Top 20 P-Card Administration Best Practices - Preventing Fraud and Providing Analytics
Webinar June 27, 2013
This webinar takes a practical look at the top 20 p-card administration best practices that can really make a difference in your company. Attendees of this webinar will get a chance to determine the success of their p-card program by reviewing the p-card program scorecard.
2013 IRSCompliance Regulatory Tax and Accounts Payable Conference
October 13 17, 2013
Protecting your company for 1099 and other information reporting penalties and fines takes real work and knowledge. This conference offers 1099, 1042-S and W-2 regulations, employment tax, state unemployment, health care reporting, and abandoned property tracks.
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'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
Designed to help Accounts payable professionals meet standards, demonstrate proficiency and gain recognition.
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
Wednesday, Jun 19 2013
|Do you log into customer web portals offered by vendors to review accounts, orders, and invoices?