Not only is the accounts payable department responsible for paying an organization’s bills, it is charged with only paying them correctly. This means guarding against duplicate payments as well as fraud. As those who work in or manage accounts payable are painfully aware, this is easier said than done. The cornerstone to an efficient, effective department is in the controls. Recognizing the importance of this topic to the accounting and accounts payable community, Anybill invited Mary Schaeffer, a nationally recognized accounts payable expert, to discuss this topic in detail.
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Welcome KPMG Tax Clients
Tax compliance and tax payment processing are best served by separate, but closely aligned, specialists. Like KPMG and Anybill.
KPMG provides the compliance expertise; Anybill brings the best practices of its AP solution to corporate tax payments.
More than a decade ago, Anybill began offering best practices in automated accounts payable to corporations across the country. As we refined our solution, it was apparent that the efficiency, visibility and control we provided were a perfect complement to accounting firms' corporate tax divisions.
Recognizing that tax compliance and tax payment processing were best served by separate, but closely aligned, specialists, Anybill brought the power of its pioneering software-as-a-service accounts payable solution to corporate tax payments.
How It Works.
The process is exceedingly simple.
KPMG uploads an electronic file with all your tax payment data, including the signed returns, to Anybill. You can access this information from anywhere by logging into Anybill.
E-mail notifications let you know that your payment is ready for review and approval. You choose your method of approval - including an auto-approval option - and payment dates.
We send your payment and the return to the proper taxing authority. Mailed items are sent USPS Certificate of Mailing, unless you request otherwise. Payment can be either by EFT or paper check. Either way, status is always instantly available on the Anybill site with secure client log-in.
What will be different?
Funds for tax payments will now be sent to Anybill. However, you will always know the exact amount needed for payment so reconciliation will be much simpler.
On our secure site, you can not only review and approve current taxes being processed, you can also access your payment history whenever you want. The site also gives you the abiliy to run summary and reconciliation reports at your discretion.
How much, or how little, you visit the site is up to you.
It is there for your convenience.
What you gain with this change:
You get greater visibility and control, plus greater efficiency.
Your visibility and control increase because you now have online access to your account and payment history at any time. Efficiency increases because you now have two specialists working in tandem-a best-in-breed compliance provider and a best-in-breed tax payment processer. This makes possible processes like the transfer of the exact payment amount to Anybill (rather than a guesstimate requiring a post-payment reconciliation) just before payment is made.
In short, what you get is a much more streamlined process.
We look forward to working with you in the near future.