TITLE

Money Where You Find It

PUB. DATE
September 1998
SOURCE
Financial Executive;Sep/Oct98, Vol. 14 Issue 5, p10
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article states that the annual losses to businesses due to the overpayment of vendors and errors in processing accounts payable might be as much as $10 billion. PRS International Inc.'s vice president of operations, Ed Ritter, says that an audit of engineering and construction firms found overpayments in 10 categories including the federal excise tax, cash discounts, and vendor credits.
ACCESSION #
11861705

 

Related Articles

  • Health Care Financing Administration: Three Largest Medicare Overpayment Settlements Were Improper: T-OSI-00-7.  // GAO Reports;3/28/2000, p1 

    The Health Care Financing Administration (HCFA) provided GAO with copies of 96 agreements in which HCFA negotiated settlements for Medicare overpayments exceeding $100,000. In 93 of the 96 matters, which were negotiated between 1991 and 1999, GAO found nothing improper. In settling the three...

  • System errors hatch more problems at Egg Banking. N. C. // Asset Securitization Report;1/29/2007, Vol. 7 Issue 4, p23 

    The article reports that a system error of Egg Banking PLC has led to an understatement in the level of charge-offs in the pillar trust in Great Britain. According to the announcement issued by the bank, this error relates to the treatment of overpayments made by terminated accounts which are in...

  • Excuses for non-payment and how to deal with them. Berkson, Jonathan // Credit Control;1997, Vol. 18 Issue 6, p9 

    Deals with factors that affect non-payment of debts. Credit policies existing in businesses; Consideration of the reasons of non-payment; Non-payment excuses dealt by creditor's credit policy; Legal compensation or set-off as a means of extinguishing obligations.

  • Harrisburg Authority Will Miss $3.2M Payment to Bondholders. KASKE, MICHELLE // Bond Buyer;5/25/2010, Vol. 372 Issue 33322, p24 

    The article reports that the Harrisburg Authority is to miss a June 1, 2010 payment costing 3.2 million U.S. dollars to bondholders of incinerator debt sold in 2003 which helped Pennsylvania facility's finance upgrades.

  • Better not shout, best not cry, better pay up, tellin' you why.  // Northern Colorado Business Report;12/18/2009, Vol. 15 Issue 6, p3 

    The article offers information on the past due by States report published by Cortera, a business information company which showed that Colorado businesses came in No. 4 with 21.92 percent of past due accounts.

  • Drug error update.  // People's Medical Society Newsletter;Feb96, Vol. 15 Issue 1, p6 

    Looks at two reports which underscore the scope and cost of the problem of medication errors in the United States. Government Accounting Office's report on the hospitalization and death of millions of Americans who took drugs that are inappropriate or interacts with other drugs; Study in the...

  • Falkon debt deal smells like a rat, but government likes rats. Machacek, Jan // Prague Business Journal;10/15/2001, Vol. 6 Issue 41, p8 

    Comments on the transfer of the Russian debt to the Falkon Capital Inc. in Czech Republic. Background history of the company; Contributions of the legal representative Josef Cimbora; Connections of the Falkon Capital to the Russian government.

  • ...what status do you give to an accounts payable team? Parmenter, David // Chartered Accountants Journal;Mar1999, Vol. 78 Issue 2, p71 

    Comments on the status needed for corporate director teams to effectively handle accounts payables. Caution against the practice of using cheques to settle accounts payables; Recommendation to use site meetings; Suggestion to cut accounts payable on the last working day.

  • Credit where credit is due--but strictly nett. Ransley, Norman // Builders Merchants Journal;Mar1996, p17 

    Focuses on British Parliament Member Jon Owens Jones' Private Members Billl which proposes to charge interest on overdue collectibles of companies. Average wait for payments; Implementation problems of the proposal.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics