Guide to Electronic Payments ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
Electronic payments can be more cost-effective than traditional check payments but also have their own issues. In this course, we explore the various electronic payment systems, including ACH, wire transfers, FedNow, Venmo, Xoom, and Zelle. This course also delve into the controls needed for these payment systems, and discuss how to most effectively convert from check payments to electronic payments.
Highlights
The clearing and settlement process. ACH payments. Wire transfers. The FedNow payment option. The Venmo payment option. The Xoom payment option. The Zelle payment option. Issues favoring electronic payments. Conversion best practices. Electronic payment controls.
Prerequisites
None.
Designed For
CPAs, CFPs, and other financial managers.
Objectives
Identify the characteristics of the various electronic payment systems. Specify the circumstances under which a wire transfer should be used. Recall the reasons why electronic payments are more cost-effective than checks. Specify the various controls needed for an electronic payment system.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $33.00
Member Price $29.00