Commit to AP Compliance

Welcome AP Masters!

'Tis the season for wrapping things up - projects and financials included! In the coming weeks, we hope you get some deep winter rest and time to reflect on a year well done.

But until then...

Guide to 2022 Updates for Form 1099: Are You Compliant with Reporting Regulations?

Last month we held an educational webinar with AP Expert Nicole Caley, MBA, APM, APSC, ARM to discuss the reporting requirements for IRS Forms 1099-MISC and 1099-NEC and prepare you to handle the changes in the forms, rules, and regulations for the 2022 tax reporting year - we want to help you avoid penalties at all costs!

If you missed it, here's your Guide to 2022 Updates for Form 1099. You'll find a link in the blog to watch the full recording.

AP Automation Isn't Just for Invoices - Vendor Validation Tools Help Acumatica Users Stay in Compliance

When onboarding a new vendor you need to collect and verify their information.

We've learned recently that many small and medium-sized businesses don't realize the importance of validating vendor TINs and OFAC status.

Our new solution for Acumatica users automates these verifications so your business is protected from IRS penalties or legal issues. Find out more.

How is Your AP Team Getting Checks Out the Door?

If your organization pays vendors via check, are you using best practices? One of the best ways to alleviate stress on AP staff and executives alike is to implement an electronic signature solution for check payments. We do this all the time with documents and contracts. Read here for more ideas on improvements you might make in the coming year.

What We're Reading

The holiday break can be a great time to slow down and reflect on what's truly important. Here are two of our favorite books that may start you out in the right mindset for 2023:

1. Essentialism: The Disciplined Pursuit of Less by Greg McKeown
2. Four Thousand Weeks: Time Management for Mortals by Oliver Burkeman