Episode 24: Tracking IRS Form W-8 Expiration Dates... Yet Another Fabulous Task AP Gets To Do

The last episode of the podcast Episode 23:  US Entity:  Validations Required to Setup a Non-Us (Foreign) Vendor talked about what documents to collect and how to validate them for Foreign vendors.  On today’s podcast I keep that conversation going by talking about that added task that everyone loves to do when you collect a version of the W-8 form to setup vendors in your vendor file.  That is tracking the W-8 Expiration Dates. 

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·         Instructions for IRS W-8 Forms:  https://www.irs.gov/forms-pubs/about-form-w-8

·         Tracking IRS Forms W-8 Expiration Dates: http://bit.ly/2FJJQqB

#stayhappy #puttingtheapinhappy #vendorsetup #realvendors #irsw-8

 Music Credit:  www.purple-planet.com

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Debra R. Richardson,

MBA, APM, APPM, CPRS

Debra is an accounts payable speaker, consultant, and trainer with over 20 years of experience in AP, AR, general ledger, and financial reporting for Fortune 500 companies including Verizon, General Motors and Aramark.

For the past eight years, Debra has focused on Global Vendor Maintenance, and implemented a vendor self-registration portal for 140k+ global vendors across five Accounting Systems/ERPs. In her consultancy, she focuses on internal controls and authentication to prevent fraud in the vendor master file.