Overview

The APA Guide to Accounts Payable is literally your one-stop-shop for everything you need to know about how to run a successful AP department. It guides you through all the essential issues you need to take into consideration in order to make proper payment decisions. And it provides straight-forward, practical answers and andquot;how-toandquot; tips covering the full range of responsibilities carried by AP departments today. APA Guide to Accounts Payable concentrates exclusively on what it takes to make an accounts payable department operate at maximum efficiency, and what AP professionals can do to fulfill their responsibilities according to the highest standards of the industry. The APA Guide to Accounts Payable will help you: Fully understand how to identify payments that should not be authorized Recognize misclassified workers who should be paid through payroll as employees rather than as independent contractors paid by AP Identify payees that are blocked from receiving payments by Office of Foreign Assets Control (OFAC), and work with the new International ACH Transaction rules Avoid any duplicate or erroneous payments Understand best practices for evaluating or implementing outsourcing or shared services Navigate the rapidly changing landscape of AP technology and procure-to-pay processes Detect and prevent fraud in your AP process And much more! The APA Guide to Accounts Payable enables you to do all of that - and more! You'll receive clear and concise guidance and practical solutions for handling key accounts payable issues, including: Travel andamp; Entertainment Fraud and Security State and Federal Tax Issues Abandoned and Unclaimed Property Compliance with Sarbanes-Oxley Requirements for Financial Accountability Audits of Payments to Foreign Entities New Technology in the AP Workflow And more! APA Guide to Accounts Payable, 2016 Edition has been updated to include coverage of: What additional information must be reported on the Form 1042-S for reporting years 2015 and 2016 Explanation of new NACHA rules enabling same-day capability for a majority of ACH transactions A new alert about foreign entities named in the OFAC list of SDNs The benefits of invoice uploads What changes have been made on Form W-9 What additional information must be reported on IRS 1099 forms Proposed regulations regarding automatic 30-day extension of time to file information returns for the 1095 series, 1098 series, 1099 series, 5498 series, and on Forms 1042-S and 27 Increased information return penalties for 1099 errors What you need to know about your software with regards to vendors with multiple remittance locations How to audit the vendor master file Updated list of statesand#8217; 1099-MISC reporting requirements Why itand#8217;s important to include the vendorand#8217;s TIN as a vendor data record Additional items an Accounts Payable policy and procedural manual should address Updated standard CONUS per diem rates Effects of U.S. Supreme Court ruling same-sex marriage on Accounts Payable 2016 filing dates for Form 1099 Filing due date for FINBAR Updated state and local sales tax chart 2016 indexed figures for fringe benefit amounts Revised lists of states that have adopted the Uniform Unclaimed Property Act New item to take into consideration when there is a merger or acquisition

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