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Dear Colleague
First, a big thanks to all of you who sent suggestions
on dealing with the electronic signature/approval
question posed last week. We're still collecting
information and will share it all with all who wrote in.
I'd also like to say a quick "You're Welcome!" to those
who wrote thanking us for the quick alert on the 23rd
regarding the IRS increase in the optional mileage
reimbursement rate. I was touched (no wise cracks,
please) by those who sent notes. And now since we're
packed to the gills with information, let's get started.
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T & E Best Practices |
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This is a good news/better news story. We went to our
supply closet late last week to get one of our Travel &
Entertainment Best Practices CDs and there were
none left. Obviously that shouldn't have happened. But
I believe that every problem presents an opportunity
and in this case we have the "opportunity" to record
the CD again and offer our readers the opportunity to
attend. And we'll even include a copy of the Travel &
Entertainment Best Practices book at no additional
cost!
The "better news" part of this story is below in the
section entitled CD sale-and I'm sure you can guess
what's coming.
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For additional information or to register for the T&E Best Practices webinar on July 24 |
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More Disturbing UP News |
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Tracey Reid, president of Reid Unclaimed Property
alerted us to the fact that Delaware has passed a bill
to reduce the dormancy period for investment-type
property. She notes the bill still has to go to the
governor for signature, but no one expects it to be
vetoed! This is just one more example of the states
becoming more aggressive in pursuing unclaimed
property, although this one would generally fly under
the radar. It is the type of information Reid picks up
and reports on in her Due Diligence Chart, one of the
several unclaimed
property products (can you say that fast five times)
we offer.
Reid will lead two AP Now seminars on Unclaimed
Property Best Practices-one in Cincinnati on October
3 and the other in Los Angeles on September 26.
Information about them can be found at http://ap-
now.com/UPseminar.html
She'll get AP Now's Unclaimed Property ball rolling on
July 22 with a talk at our Webinar on How to Get in
Compliance If You've Never Filed. We'll have CDs two
weeks later.
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For information or to register for the UP: Get in Compliance If You've Never Filed |
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The "Better News" CD Sale |
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After the T&E CD debacle, we took a look through the
closet where we store the CDs. We've got a number of
really interesting events planned and need to make
room for the CDs from them. Plus, we're getting better
at estimating how many copies of each title we'll sell
each month. Thus, we've decided to reduce the
number of copies we hold of each title while carefully
monitoring inventory.
This offer is available only through this ezine so don't
look for it on the web.
We've compiled a list of CDs being sold at a reduced
price. Most of the price reductions are in the
neighborhood of 50%. To see what we have for sale,
please send a note to publisher@ap-now.com and
we will send you the list, which seconds as an order
form. As usual we accept checks and credit card
payments. However, the orders will have to be mailed,
faxed, or e-mailed (if you scan the order form) here
and we will run the credit cards. And all orders must
be received by August 31.
We also want to update our duplicate payment survey
to identify what's going on in this arena as well as
uncover new practices being used to attack this
ongoing problem. We hope to determine if new
payment practices are making the problem worse as
well as what organization's are doing to combat these
issues. As always, we'll share the executive summary
of the results with all who take the time to participate.
Use the link below to take the survey.
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Excerpt: Requisitioner Problem |
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If you are one of those organizations with a problem of
requisitioners requesting the return of the printed
check for delivery to the vendor-a really bad practice
by the way-ACH provides an end run around it.
Identify those vendors whose checks are regularly
returned to the person who requested them rather
than being mailed. Then target those organizations for
your electronic payment program.
Once you have them on board, there will be no paper
checks to return. Expect to have a row or two with the
requisitioners involved-but if the vendor is happy with
the process, they may end up getting on board with
the program.
The above is a short excerpt from an article I wrote for
the July issue of Accounts Payable Now & Tomorrow.
It was based on a talk I gave at a recent conference
and the article is titled, How to Get the Most Our of
Your ACH Payment Program. That issue also contains
the following articles:
- · Making Lemonade Out of The AP
Dumping-Ground Lemon
- · Not Using Positive Pay: There Are More
Risks than You May Realize!
- · Petty Cash Fraud (excerpted from the
soon to be published Fraud in Accounts Payable book)
- · Issuing a Deceased Employee's Last
Paycheck-It often Falls to AP
- · Nine Ways to Enhance Your P-card
Program
Plus we introduced our new AP basics series of
articles. Each issue for the next year will contain a
short article about the basics of AP. They are
designed for those new to accounts payable-
whether new to the working world or just new to
accounts payable-as well as those who want/need
to brush up on the basics.
By the way, just in case you are counting-that's
seven articles in one monthly issue. And, believe me
when I tell you, the layout person struggles to get all
the information in each month while still trying to keep
the newsletter "visually appealing."
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Subscribe to Accounts Payable Now & Tomorrow |
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This Week on the AP Now blog |
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- A diatribe about Mandatory Resort Fees
- A companion story to the AP Dumping Ground
article in the July issue of Accounts Payable Now &
Tomorrow
- A look at how much Delaware gains by its recent
change in its Unclaimed Property rules
To recommend this e-zine to another accounts
payable or accounting professional, simply forward
the entire newsletter or use the tiny link at the bottom.
We certainly appreciate your help in getting the word
out about our publication.
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Visit the AP Now Blog |
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Top Clicks from Prior Weeks |
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First, a big mea culpa. Why? Although we listed The
Top 100 Most Wanted Duplicates last week, we
neglected to include the link. So, here it is.
Top 100 Most
Wanted Duplicates
The top clicks last week were:
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In Closing |
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We were disheartened to hear that the Food Bank of
Delaware had two tractors and a trailer stolen.
Although the trucks were recovered the chicken in the
trucks had defrosted and had to be discarded. This
left the food bank in a bad way. If you are in a position
to help with a small donation of food or funds or if by
some miracle you are in the food industry and your
organization wishes to make a donation, please go to
http://www.fbd.org/
for details. Thanks for listening.
Mary Schaeffer
Accounts Payable Now & Tomorrow, a CRYSTALLUS,
Inc. publication
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