Anytime you find out an employee is committing fraud in your company, it hurts. For our last entry in our three-part series, we’re going to cover a source of fraud that sometimes hits on a more personal level–kickbacks.
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AP Fraud Part 2: Expense Account and ACH Fraud
In the second of our three part series on AP fraud, we tackle expense account and ACH fraud. What can you do about these internal and external threats?
AP Fraud Part 1: Fake or Altered Checks and Fake Billing
Life used to be much more simple when you gave your best friend a few bucks out of the till because they helped you hock lemonade during summer vacation. Unfortunately, the simple quid pro quo days of childhood only last so long.
Accounts Payable: Assessing Success Within Your AP Departments – KPIs
To assess the efficiency and success of your accounts payable department, it is important to put an emphasis on not only the quality of work, but each employee’s specific productivity levels, and the overall costs of what it takes to keep your department completely functional and running.