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Avoid Holiday Mail Delays, Get Paid Faster with ePayments 

AvidXchange

Adopting digital payment methods not only helps improve cash flow with more timely payments but it can be more efficient than processing paper checks. Recent News About the USPS In 2020, the USPS unveiled a 10-year-plan to overhaul the organization after losing $87 billion between 2007 and 2020. to $14 per transaction.

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Vendor Payments & AP Automation: 5 Unacceptable Myths Holding You Back from Faster, More Reliable B2B Payments

AvidXchange

As you’re no doubt aware, this has been a real problem for many companies. During 2020, the peak of the pandemic, companies took more than 62 days (about two months) to pay suppliers – an all-time high, according to The Hackett Group. The three-day turnaround is twice as fast as a year ago when his customer paid him by   paper check. “I

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1099 Reporting Simplified with AP Automation 

AvidXchange

The 1099-NEC form replaced a section ofthe 1099-MISCform in 2020 for non-employee compensation, according to TurboTax. The form helps both businesses and the Internal Revenue Service (IRS) track income for tax reporting purposes. What is the 1099-NEC Form?

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Olympics Advertising: Trends for the 2024 Summer Games  

AvidXchange

This year, Olympics advertising is set to break records , already up 18% from the 2020 Tokyo Olympics according to NBCUniversal , which has broadcast rights for the Summer Olympics Games. million new followers) during the 2020 Olympics. Other brands will partner with individual athletes for wide-reaching influencer campaigns.

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1099-NEC vs. MISC: How to Prepare for Next Week’s New IRS Deadline

AvidXchange

If your business paid an independent contractor more than $600 this year for services provided to your company in 2020, you’ll need to file a new Internal Revenue Service (IRS) tax form by Feb. For other types of payments your company made in 2020, you can continue to report them on Form 1099-MISC.

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Handyman Service Receives Faster Payments with AvidXchange

AvidXchange

In 2023, I’m getting paid for services rendered in 2020 and 2021. With this early payment option, if a supplier chooses to accelerate an eligible invoice, AvidXchange deposits the funds directly into their account in as little as 24 hours for a small fee. That’s a long time to think about those jobs and have them on the books.”

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How Straight Through Processing Automates Delivery and Receipt of Payments for a Busy Small Business  

AvidXchange

When apartments turn over at the beginning and end of each school year, we may process more than one hundred checks in a single day, manually entering, reconciling and depositing them for payment,” said Clark. The company’s credit card transactions were equally cumbersome and time consuming, not to mention costly due to high transaction fees.

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