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Dear Colleague
I've just arrived back from US Bank's Financial Supply
Chain conference where I shared a platform with the
bank's Mike Lori speaking about fraud. I was also
able to attend some of the sessions and returned with
a ton of information, snippets of which are posted on
the AP Now blog. We'll also have an article in an
upcoming issue of our print newsletter. Well, that was
last week, on to this one.
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Paper Checks Issue |
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Several weeks ago I mentioned that we had just sent
the March issue of Accounts Payable Now &
Tomorrow to the printer. As you may remember, we
refer to this as the March Madness issue as it deals
entirely with paper checks and related issues. As
much as we advocate the use of electronic payments,
we realize that paper checks will probably remain with
us for a long time to come. We received several calls
from readers who aren't annual subscribers to our
print newsletter, Accounts Payable Now & Tomorrow,
asking if they could purchase this issue
alone.
The answer to this question is a resounding YES. We
sell single issues of every issue of our newsletter for
$29.95.
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Purchase the March 2008 Paper Check issue of Accounts Payable Now & Tomorrow |
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Overcharges on Telecom Bills |
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Do your eyes glaze over when you look at your telecom
bills? I have to make a confession. I want to cry when
the telecom bills come in and I have to figure out if
they are correct. What's so frustrating is that I often
find a mistake-and I know I am not finding them
all.
Do you suspect your organization is being
overcharged but haven't a clue how to uncover those
excess and sometimes fraudulent charges? Then
welcome to my world, you've got a lot of company-
and we've got expert help! Bottaboom's Mark Evans, a
master in uncovering telecom overcharges, has
agreed to share his considerable knowledge and
experience with our audience. He'll be speaking at an
Accounts Payable Now & Tomorrow webinar on June
26. This is one event you may want to bring your
Controller and CFO to.
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Additional information or to register for Telecom Overcharge webinar |
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This Week on the AP Now Blog |
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As mentioned above, I blogged a little from the US
Bank conference. Additionally, one of our readers had
some pretty interesting things to say about the way her
organization handles those very annoying invoices
addressed to no one. And, now that I have the blog
platform, I couldn't resist taking another pot shot at
paper checks. There's a lot more there so we hope
you'll visit and join the discussion. To participate you
have to register. We require the minimum of
information-just enough to keep out those trying to
post advertisements for mortgage refinancing,
pharmaceuticals of questionable origin and purpose
and, well, you get the picture.
To register go to the blog and click on the register link
at the bottom right. It's small so if you're "of a certain
age" you may need to look closely. It is in the section
labeled Meta.
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Visit the AP Now Blog |
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Tip of the Week: 3 Ways to Eliminate Small-Dollar Invoices |
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Small-dollar invoices are the bane of many a accounts
payable department. They take time away from more
value-added tasks, time that could be spent reviewing
those large-dollar invoices more closely. But there are
things you can do to get rid of these pesky bills.
1) Pay with a p-card. Many organizations started their
p-card programs simply to get rid of those annoying,
productivity-sucking, small-dollar invoices.
2) Have the employee pay for the item out of his or her
pocket and put in for reimbursement on their T & E
expense report.
3) If you receive many small-dollar invoices from the
same vendor, pay from statements rather than
invoices. To make this work effectively, the vendor
must be marked in the master vendor file as a
statement pay only and no invoices from the vendor
can ever be paid.
And if you haven't managed to get rid of it, reimburse
out of the petty cash box. But as helpful as the petty
cash box may be in getting rid of small-dollar invoices,
it really is a poor practice. Organizations are urged to
do everything they can to eliminate the use of a petty
cash box.
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Subscribe to Accounts Payable Now & Tomorrow |
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Unclaimed Property Seminar |
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The registrations are rolling in for the Chicago
Unclaimed Property seminar and time for the lower
room rate is running out. With all the press the
unclaimed property issue has received in the last few
months, I can't wait to hear what Brooke, Tracey, and
Will have to say on these late breaking issues. If you
need an invoice, just send a note to publisher@ap-
now.com
If you send a check, we will send a confirmation notice
when we receive it. If you drop us an email
(publisher@ap-now.com) to let us know it is coming,
we will go ahead and reserve your spot.
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For information or to register for the Unclaimed Property Seminar |
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