Episode 241: 2 Types of Non-IRS Compliance Fines in the Vendor Process And How To Avoid

Putting the AP in hAPpy

English - June 08, 2023 10:00 - 21 minutes - 14.8 MB - ★★★★★ - 7 ratings
Arts Business Careers accounts payable vendor setup accounting fraud phishing supplier setup supplier onboarding vendor onboarding debra r richardson debra richardson Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Episode 240: 7 Reasons Why Paper Checks Are Still Used for B2B Payments in the US

Next Episode: 242: Do You Need to Collect A W-9 When Paying US Vendors by Credit Card?

Afraid of the IRS penalties and interest for no filing, late filing or corrections for reportable vendors? That’s nothing compared to the fines for two other organizations that can also hit your company with compliance fines. What are they?

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Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 149+ hours of weekly live and on-demand training for the Vendor team.

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Links mentioned in the podcast:

OFAC: Office of Foreign Assets Control (OFAC)OFAC: Penalty ChartOFAC: FAQ > If There is a MatchNacha: Nacha OrgVendor Validation Reference List with Resources Links: www.debrarrichardson.com/vendor-validation-download (Get 25% Discount on the Global Vendor Registration Numbers)Vendor Master File Clean-Up: https://www.debrarrichardson.com/cleanupYouTube Channel: https://www.youtube.com/channel/UCqeoffeQu3pSXMV8fUIGNiw More Podcasts/Blogs/Webinars www.debrarrichardson.comMore ideas? Email me at [email protected] Music Credit: www.purple-planet.com