Boost the bottom line with accounts payable best practices (Journal of Accountancy) - In accounts payable (AP) departments around the world, mistakes are happening day after day. Suppliers are onboarded without proper vetting. Duplicate payments are made. Fraud occurs in the disbursement process. These mistakes often happen not despite, but because of, the very systems that were designed and put in place to automate and perfect the AP process.
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7 Mistakes Even Informed Investors Can Make with Their 401(k)s (Yahoo Finance)- How's your 401(k)'s health these days? Hopefully you treat it like your own health, getting regular checkups to make sure everything is working well. Because if you wait until you have a concern, whether it's your own health or your 401(k)'s, you might get an unexpected surprise that could be tough to fix.
How To Avoid Making The Top 5 Common Medicare Mistakes (Forbes) - The problem is this: Medicare is complicated. And many people donât take the time to understand it until itâs too late. For example, did you know that Medicare doesnât cover all your health care costs in retirement? Youâll have to pick up a good share of the expensesâand unless you plan for them in advance, those costs can eat away at your retirement savings.
FBI on financial crime: CPAs need to be diligent (Ohio CPA) - CPAs are often the first to notice signs of cyber-crime, so they must stay attuned to their surroundings. Something that doesnât feel right in that financial statement or a seemingly routine email asking for confidential information might be symptoms of big problems.
âBe aware of those situations. Be diligent,â said Leanne Royal, CPA, CFF, forensic accountant, FBI. âIf something seems out of the ordinary speak up about it.â