Profit Recovery – What is Profit Recovery

Profit Recovery is a company that performs an audit of a business’ accounts payable data to uncover funds that may be due back to the enterprise, such as duplicate payments, overpayments or failing to take credits and deductions. For a fee, the company will pursue recouping the funds by contacting vendors and by modifying the account payable system to prevent future losses.

Any business that experiences a high volume of purchase transactions in an environment of rapidly changing prices, varying and complicated discounts and pricing schedules or complex and multiple sales tax jurisdictions should consider using a profit recovery firm. Also, companies that have recently changed accounting systems, experienced a significant organizational change or acquired a company should also investigate the possibility of profit recovery opportunities.

As you navigate the stages of grief, it’s important to find support and a place where you can process your feelings in a safe way. Reach out to family members, friends or a therapist for support and comfort. Make sure to stay physically healthy by eating nutritious meals and getting at least eight hours of sleep each night to keep yourself strong and well.

During this time, you can also find comfort in your faith, your family or community. And, as you go through your grief journey, remember that there will be good days and bad days. With constructive coping and some support, over time you will be able to have more good than bad days.

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