Accounts payable (AP) is one of the critical path items for any company. Accomplishing timely vendor payments while managing cash flow and maintaining critical accounting controls is a vital part of ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. In response to an onslaught of unpredictable challenges ...

According to Survey of Accounting, accounting uses a double-entry system, which is shown as a T. The left side of the T has debits and the right side has credits. Journals use the double-entry ...

When municipalities are put to the test by a disaster such as COVID-19, sometimes it’s little process improvements, simple efficiency or bookkeeping practices that make the difference between staying ...

Here are the most frequently asked questions about reimbursements and payments. Does Accounts Payable issue checks for all reimbursements? Employee reimbursement requests below $50 should be submitted ...

To say Covid-19 had a big impact on SMEs is an understatement. With the first wave of lockdowns, many businesses were plunged into crisis mode almost overnight and forced to dramatically adapt their ...

Experts advise business owners to clean house, get inventory movingA business with a poorly organized accounts payable system was routinely taking a month or more to approve and pay invoices, said ...

Brex reports that automated invoice processing enhances efficiency, reduces costs, minimizes errors, and improves cash flow management for businesses.

Mergers and acquisitions require the integration of two or more company's accounts into one working system. A small business may post to accounting records manually, whereas another business may use ...

Accounts payable represents money a company owes to suppliers for goods or services bought on credit. Effective management of accounts payable helps maintain cash flow and build supplier relationships ...