IRS Issues New Proposed P-Card Regulations for QPCAs

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Managing Accounts Payable

September 2007

As AP managers know, information reporting compliance with regard to p-cards is difficult. But card issuers that are part of the Qualified Payment Card Agent (QPCA) can make the job much easier. The Internal Revenue Service has issued proposed regulations concerning QPCAs.

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September 2007 Table of Contents [ toggle snippets ]

MAP September 2007 (full PDF issue)
Exclusive Research
New Survey Reveals 8 Key Trends in Electronic Invoicing
How the AP Dept. at JohnsonDiversey Dodged Outsourcing
Use of Service Level Agreements Grows in Shared Services AP
T&E
Latest BTN Data Helps Control Employee Travel Costs
IRS Issues New Proposed P-Card Regulations for QPCAs
MAP Calendar
News Briefs
Accounts Payable Managers’ Forum
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Exclusive Research: Eight Key Trends in Electronic Invoicing
Here are preliminary results from new research we’ve conducted on electronic invoicing. This research will serve as the basis for an update to our research report, Paperless Accounts Payable: The AP Department’s Complete Guide to Electronic Invoicing.
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How the AP Dept. at JohnsonDiversey Dodged Outsourcing
AP departments that don’t embrace technology could be in for a rude awakening. One day, you’ll get the word from the top brass that your department is being outsourced or offshored. That’s what one AP department was concerned about—but the steps they took helped to ward off this harsh action.
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Use of Service Level Agreements Grows in Shared Services AP
AP departments in a centralized or shared services setup will be relying more and more on written Service Level Agreements (SLAs) to manage their operations. This is according to a recent survey we conducted of over 100 AP departments that have centralized or moved to a shared services environment.
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Latest BTN Data Helps Control Employee Travel Costs
Most companies have business travel policies that require their road warriors to use midprice hotels whenever possible. Reason: The difference in cost between midprice and upscale hotels is significant.
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IRS Issues New Proposed P-Card Regulations for QPCAs
As AP managers know, information reporting compliance with regard to p-cards is difficult. But card issuers that are part of the Qualified Payment Card Agent (QPCA) can make the job much easier. The Internal Revenue Service has issued proposed regulations concerning QPCAs.
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Accounts Payable Calendar (0709)
IOMA AP TRAINING The IOMA AP Training Seminar: The Best Training Program Available for Accounts Payable Pros Las Vegas: Sept. 26 Philadelphia: Oct. 11 San Francisco: Nov. 8 Orlando, FL: Nov. 15 Go to: www.ioma.com/certification/aptraining.html ACCOUNTS PAYABLE BEST PRACTICES, Oct. 12, Philadelphia; Nov. 9, San Francisco; Nov. 16, Orlando, FL. Held on the Friday after the Thursday IOMA/TAPN AP Certification Training (see separate listing above). Contact: IOMA Customer Service, 800-401-5937, ext. 2; www.ioma.com/AP; www.accountspayable360.com. …
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News Briefs (0709)
13 BEST PRACTICES FOR T&E CARDS JPMorgan Chase, an issuer of corporate credit cards for employee travel and entertainment, recently surveyed dozens of its corporate customers to gather best practices for growing and capitalizing on T&E card programs. The benefits of a T&E card essentially mirror those of the p-card. By capturing more spend on the card, you can improve supplier negotiations, minimize paper-based administrative tasks, and optimize cash flow. The survey, the results of which…
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Coming in future issues of Managing Accounts Payable (0709)
Using Vendor Stats to Develop a Paperless Strategy Building a Business Case for New AP Technology Integrating Invoice Data Capture Technology Into Your Imaging Operations Disney Reveals How to Grow Your P-Card Program How to Take the Headaches out of Your 1099 Reporting Process AP Automation Trends for 2008 Contract Compliance and Analysis New Research Reveals Best Practices and Metrics for AP Shared Services Updated and Expanded Rundown of AP Best Practices New Research Reveals Best Ways AP Depts. Cut Costs and Enhance Operations Highlights…
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AP Manager's Forum: Benchmarking Helps AP Dept. Do More With Less
When Power/mation Inc., a high-tech distributor, went through a downsizing, the accounting staff was cut in half. But it still had to eke out more cost savings and improve efficiency.
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