Best Practices: Post Audit Deductions  

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What is a Post-Audit Deduction? Accounts payable post-auditors check closed transactions to find missed discounts, double payments, and incorrect pricing charged. However, in consumer products and retail, the real money is in trade promotion deals and process violations for which the auditor believes were not charged back (“bill-backs”) when the invoice was paid. These third-party… Read more »

Post-Audit Claims Policy

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Post-Audit Policy is Critical Post-Audit Deductions are one of the most vexing business issues faced by vendors, especially in the retail channel. Most post-audit claims are by third-party auditors paid a commission to charge you back  These claims can be one to several years old, representing hundreds of supposed infractions,  and are always difficult and… Read more »

Understanding How To Reconcile Accounts Receivable

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Accounts Receivable (AR) often represents the largest current asset and money owed to a business for goods and services sold. The condition of the AR balance, such as DSO, delinquency, disputes, and bad debts, gives management and stakeholders an idea of the company’s financial health and performance. Therefore, understanding how to manage accounts receivable efficiently… Read more »