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Accounts Payable Systems : A Guide to e-Payments, Regulation, and Financial Transactions (Hardcover)

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A comprehensive guide to maximizing electronic payment practices without compromising compliance

Today's ever-expanding payment options have completely changed the landscape of accounts payable systems.Accounts Payable Systems: A Guide to E-Payments, Regulation, and Financial Transactions is both a how-to guide and a best practices handbook for the changing environment of AP payment methods. It gives businesses the knowledge they need to keep up with advancing technology, helps them evolve with changing AP practices, and better prepares them for the future.

Whether your organization already uses electronic payments or is looking to transition to this type of payment processing,Accounts Payable Systems is a complete guide to the different AP options available as well as how to maintain audit compliance for any system on the market. Readers will learn:

  • How to implement best practices for electronic payment approval while actively preventing fraud
  • How to properly populate GL and accounting codes for all types of payments (check, wire, ACH, Payments Today, Virtual Credit Card, Purchasing Card)
  • How to ensure compliance with accounting standards for each type of software on the market
  • How to meet 1099 requirements, create electronic invoice backups, and handle short payments

A proper AP system can improve cash flow, reduce the risk of payment fraud, create greater efficiencies in the business, and reduce overall costs. This book covers fundamental concepts as well as more specific topics like revenue sources, process savings, and emerging technologies. It is an essential read for any AP professional looking to create efficient and secure AP processes within their organization.

Organizations in every industry are realizing the benefits that electronic payment processing can offer their accounts payable, including improved cash flow, reduced risk of payment fraud, greater efficiency and a reduction in costs. Whether an organization already uses electronic payments or is considering a transition to electronic payment processing, should be aware of what this latest e-trend means for its auditing process. This book will cover: AP Payments Today, Check Payments, Wire Payments, ACH Payments, Virtual Credit Card Payments, Purchasing Card usage, Fraud in all payment types, Software available in the marketplace, Solutions on the horizon, and AP payments of the future. Readers will learn:

  • How and why to electronically store invoice backup
  • How to implement best-practices for electronic payment approval
  • How to ensure that software is compliant with accounting standards
  • How to handle short payments
  • How to properly populate GL and accounting codes
  • How to meet 1099 requirements
Number of Pages: 288
Genre: Business + Money Management
Sub-Genre: Finance
Series Title: Wiley Finance
Format: Hardcover
Publisher: John Wiley & Sons Inc
Author: Brent Meyers
Language: English
Street Date: April 12, 2018
TCIN: 16646041
UPC: 9781118805480
Item Number (DPCI): 247-38-0870
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