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An ACH (Electronic Payment) Primer: How Savvy Companies Now Pay Their Bills

  • Credits: 2
  • Format: Self-Study eBook
  • Field of Study: Accounting
  • Author/Speaker: Mary Schaeffer, CPA
Course ID: Advanced Preparation: Experience Level:
MS-101 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© October 2018 General Understanding of Accountancy Self-Study eBook
COURSE DESCRIPTION

Almost three-quarters of all companies now make at least a few payments electronically using the ACH. Those numbers, along with the size of those programs will only grow as organizations recognize the cost-savings and efficiencies associated with an ACH payment program. This course presents basic information the professional can use to properly set up and grow an ACH payment program.

Industry expert Mary Schaeffer shows auditors, controllers, and managers exactly how to do this. She also alerts readers to the growing threat of fraud in this arena, offering advice for everyone – whether or not they are currently making electronic payments. “Everyone who does not take the proper precautions is at risk,” she warns.

Topics include:
  • Chapter 1: How ACH Payments Work
  • Chapter 2: How to Start an ACH Payment Program
  • Chapter 3: How to Expand an ACH Payment Program
  • Chapter 4: How to Protect Your Organization against ACH Fraud
  • Chapter 5: ACH Best Practices, ‘Gottchas’ and Worst Practices

 

Learning Objectives:

After reading the course material, you will be able to:

  • Identify the reasons why paying electronically benefits an organization
  • Pinpoint issues to be considered when setting up an electronic payment program
  • Create a basic ACH payment program for an organization
  • Build an effective strategy for converting suppliers to the program
  • Identify effective strategies to grow your ACH payment program
  • Develop an effective strategy for converting suppliers to the program
  • Understand the different types of payment fraud currently being perpetrated
  • Develop an effective strategy to combat electronic payment fraud
  • Develop a Best Practice ACH payment initiative
  • Avoid worst practices as well as hidden pitfalls when setting up an ACH payment program

 

Who Should Attend:
  • All Certified Public Accountants (CPAs)

 

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s:
NASBA