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How to Handle Deferred Revenue

VCFO

Businesses that regularly contend with deferred revenue include subscription- or license-based businesses (like SaaS organizations or content streaming services), construction, professional services, or property management firms issuing rental agreements. Another important element of dialogue can come via audits.

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Report: Using Digital AP To Build Faster Subcontractor Payments Flows

PYMNTS

Construction companies rely on a variety of subcontractors and suppliers, but paying these partners can quickly become complicated for companies that use paper-based, manual methods to accept and manage all the documents that must be collected before issuing funds. Find the full story in the Report.

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The B2B Payments Fraud Threat Of Internal Employees

PYMNTS

PYMNTS’ examination of recent cases finds employees falsifying invoices, doctoring checks and faking out companies to steal money from employers. million since at least 2011 by generating fake invoices from legitimate vendors, and using company checks that were reportedly doctored to be deposited into her personal account.

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Aussie Auditors’ Role In Reverse Factoring Disclosure Questioned

PYMNTS

Australia’s Parliamentary Joint Committee on Corporations and Financial Services is currently probing the corporate auditing industry amid recent criticism and allegations of conflicts of interest. Businesses instead tend to mark the invoices as trade payables. Reverse Factoring, Auditing Scrutinized.

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For Suppliers, Buyer Risk Goes Beyond Late Payments

PYMNTS

But lengthy payment terms and missed invoice payments are not the only risk that B2B suppliers face, as recently showcased in the U.K. including Sears and Toys ‘R’ Us — can mean unpaid invoices and cash flow disruption. supermarket sector. Indeed, in the U.K., government as it relates to federal procurement practices. “At

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Carillion To Give Rise To Supplier Payments Standards?

PYMNTS

Even as lingering effects of the Carillion bankruptcy – where the construction industry juggernaut owes 800 million pounds to its supply chain – continue to be felt, there still remains the opportunity for the public sector to bring new standards to supplier payments. In separate findings, in the U.K.

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The UK’s Damning Carillion Report: The Spark For Change, Or An Unanswered Call?

PYMNTS

Since the collapse of Carillion , once the nation’s second-largest construction company and a massive government supplier, fingers have been pointed in all directions. There is a loss of confidence in audit, and I think that the industry needs to address that urgently,” Haddrill told The Financial Times in March. “In