Auditing Construction Invoicing 
PYMNTS
DECEMBER 28, 2020
In the construction industry, the ERP is especially valuable considering the complex network of collaborators, and subsequent high volume of data, involved in a single project. From managing subcontractors to coordinating with insurance firms to paying employees, data sits at the heart of every construction project. "I
PYMNTS
SEPTEMBER 24, 2020
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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PYMNTS
JANUARY 13, 2020
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.
VCFO
JANUARY 18, 2024
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.
The Charity CFO
APRIL 5, 2022
Also, revenue must be recorded when it is actually or “constructively” received. Income is constructively received when an amount is credited to your account or made available to you without restriction, regardless of whether or not it’s been deposited in your bank account. Do you need to undergo an audit? .
PYMNTS
MARCH 27, 2019
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
PYMNTS
JANUARY 2, 2020
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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