An ACH (Electronic Payment) Primer: How Savvy Companies Now Pay Their Bills (Course Id 574)

Accounting - Accounting for Course Id 574

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 and 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.

NASBA QAS - Text - Technical - NASBA Registry - 574

Course Learning Objectives

• 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 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

Chapter 1
How ACH Payments Work

• Identify the reasons why paying electronically benefits an organization
• Pinpoint issues to be considered when setting up an electronic payment program

Chapter 2
How to Start an ACH Payment Program

• Create a basic ACH payment program for an organization
• Build an effective strategy for converting suppliers to the program

Chapter 3
How to Expand an ACH Payment Program

• Identify effective strategies to grow your ACH payment program
• Develop an effective strategy for converting suppliers to the program

Chapter 4
How to Protect Your Organization against ACH Fraud

• Understand the different types of payment fraud currently being perpetrated
• Develop an effective strategy to combat electronic payment fraud

Chapter 5
ACH Best Practices, ‘Gottchas’ and Worst Practices

• Develop a Best Practice ACH payment initiative
• Avoid worst practices as well as hidden pitfalls when setting up an ACH payment program

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

Glossary