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Managing Accounts Payable

December 2007

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Improving systems and procedures is the leading strategy AP departments use to enhance their performance. This is revealed in IOMA’s latest survey of over 500 readers who told us the ideas they used over the past year that were the most successful in changing or improving their AP operations.

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December 2007 Table of Contents [ toggle snippets ]

MAP December 2007 (Full PDF Issue)
Exclusive Research: Top 5 Ways to Improve Your AP Department in 2008;
Year-End: 25 Ways to Make Form 1099 Filing Headache-Free;
Independent Contractors: Avoid the Hassle & Expense of Worker Status Disputes;
Information Reporting: Museum’s Woes Over Recruitment & Relocation Payments;
News Briefs (December 2007);
AP Calendar (December 2007);
Accounts Payable Managers’ Forum (December 2007)
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Exclusive Research: Top 5 Ways to Improve Your AP Department in 2008
Improving systems and procedures is the leading strategy AP departments use to enhance their performance. This is revealed in IOMA’s latest survey of over 500 readers who told us the ideas they used over the past year that were the most successful in changing or improving their AP operations.
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Year-End: 25 Ways to Make Form 1099 Filing Headache-Free
What is AP’s biggest nuisance at year-end? The hands-down winner is likely to be the preparation and filing of Form 1099 for your company’s independent contractors and other reportable vendors. And if you make any mistake in complying with the complicated rules and deadlines, you could trigger penalties from the Internal Revenue Service.
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Independent Contractors: Avoid the Hassle & Expense of Worker Status Disputes
The misclassification of employees as independent contractors has reached “epidemic” proportions, said attorney Robert W. Wood, a partner at Wood & Porter (San Francisco).
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Information Reporting: Museum’s Woes Over Recruitment & Relocation Payments
The Smithsonian Institution is known for its historical relics. But the museum didn’t realize that it had another ancient item in its collection—its policy on moving expense reimbursements and recruitment payments.
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Coming in Future Issues of Managing Accounts Payable (December 2007)
101 Ideas to Improve AP in 2008 How to Empower Your AP Staff Building Stronger Ties With Internal and External Customers Latest Ways to Clamp Down on Special Check Requests What Does It Take to Evolve Into a World-Class AP Operation? New Research Reveals Best Ways AP Depts. Manage P-Card Programs Lessons Learned in Building a Web-Based T&E System New Research Reveals Best Practices and Metrics for AP Shared Services Updated and Expanded Rundown of AP Best Practices How AP Depts. Combine Data Capture…
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News Briefs (December 2007)
39% OF FIRMS PLAN TO OUTSOURCE AP Recent research reveals that 39% of companies surveyed plan to outsource the AP function, according to the E-Payables Solution Selection report from the Aberdeen Group. The report states: "As accounts payable is often still viewed as more of a highly tactical business component and not a strategic cog in the overall business wheel, enterprises are taking a tack similar to other business process areas such as IT or accounting…
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Accounts Payable Calendar (December 2007)
IOMA AP TRAINING The IOMA AP Training Seminar: The Best Training Program Available for Accounts Payable Professionals Phoenix, Feb 20 Ft. Lauderdale, March 3 Brooklyn, NY, March 12 St. Louis, April 9 Go to: www.ioma.com/certification/aptraining.html ORGANIZING AND MANAGING ACCOUNTS PAYABLE, Jan. 10, Philadelphia; other dates and locations. Contact: National Seminars Group, 800-258-7246; www.natsem.com. NATIONAL ASSOCIATION OF PURCHASING & PAYABLES 16th ANNUAL CONFERENCE, Feb. 10-13, Marina Del Rey, CA. Contact: NAPP, www.nappconference.com. …
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"Big Bang" Theory a Bust For AP Automation
Washington Mutual had grown from a small, Seattle bank into a national financial powerhouse with more than 2,600 retail outlets and 50,000 employees working in four strategic business units. The company wanted to move its suppliers to electronic invoicing. In addition to the technology challenge, the company’s organizational dynamics also presented an obstacle—the company had a fractious and complex political situation.
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