How Much Is Hiding in Your Company’s Pockets?

Allen Liebnick reveals five sure-fire detection methods.

You know that great feeling when you put on a pair of jeans you havenâ€™t worn in a while and find a $20 bill in your pocket? Want to know how companies can get that great feeling too? By checking their â€œpocketsâ€ for lost dollars. And what are those pockets? Overpayments that have goneÂ undetected!

Overpayments can include:

Duplicate or erroneous payments
Missed discounts and/or rebates
Pricing errors
Unapplied credits
Erroneous sales tax charges

More here…

Posted on February 26, 2009

One Response to “How Much Is Hiding in Your Company’s Pockets?”

James Becker
February 26, 2009
Excellent article – I’m going to pass this around to my clients!

James

Rick Telberg

About the Author

Rick Telberg is a veteran analyst, advisor, commentator, editor, and publisher. He brings a unique background and perspective to research and advisory services for the professional services community.

Mr. Telberg may well be the accounting profession's most widely-known commentator through his long associations with the American Institute of Certified Public Accountants, Accounting Today magazine, and today, CPA Trendlines.

As an expert in management, marketing, media, and e-commerce, Mr. Telberg has served as Senior Editorial Director of Pro2Net Corp., now www.smartpros.com, and as Director of Online Content at CPA2Biz, www.cpa.com.

Previously, Mr. Telberg served as the early Editor-in-Chief of Accounting Today, and as Vice President/Group Publisher at Thomson Financial (now SourceMedia), overseeing Practical Accountant, Accounting Technology, and what is now AccountingToday.com.

Mr. Telberg was presented with a special citation by the National Society of Accountants for service to the profession and has served on a variety of boards and steering committees, including BKR International and the IBM Small Business Advisory Council. He is a graduate of New York University.

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One Response to “How Much Is Hiding in Your Company’s Pockets?”

James Becker