Accounts Payable
Explore Accounts Payable resources to optimize your AP process across invoice processing, approvals, vendor payments, and more.
Accounts Payable
7 min read
How to Prevent Duplicate Payments in Accounts Payable
The accounts payable department in any company is a hive of activity, with a team of professionals working daily to keep the company’s financial wheels in motion. But all that motion leads to negative outcomes if you don’t have a foolproof system in place. One of the most common and costly issues AP teams face […]
Accounts Payable
8 min read
Understanding Open Purchase Orders
With the volume of purchases flowing through the modern purchasing department, any opportunity to make things easier is welcome. The average purchase order (PO) takes many hours to source, negotiate, submit, and fulfill. Reducing the volume of POs that flow through the procurement process saves your accounting department time and money while reducing errors. For […]
Accounts Payable
7 min read
How to Streamline Pre-Accounting
Raise your hand if you’ve ever ended a month with a stack of receipts, a blank Excel expense report form, and no recollection of the last 30 days’ mileage and meal expenses. After going back through credit card statements and emails to mentally reconstruct your month, you bashfully hand off the stack to an admin […]
Accounts Payable
8 min read
Guide to Accounts Payable Automation & the Best Systems
If your AP team is still relying on manual processing, you already know the daily frustration of missing invoices, data entry errors, and the length of time it takes to complete. It can also be a very expensive way of doing business. While most companies acknowledge that paying employees for manual processing drives up the […]
Accounts Payable
10 min read
How Poor Invoice Management Stunts Growth And How To Fix It
Imagine walking into the office on a Monday morning, and your desk is buried in invoices. You spend the next week manually uploading each one. You barely have time for a coffee break because the piles never actually go away. You keep at it because that’s your job, and that’s how your company manages invoices. […]
Accounts Payable
7 min read
What Are Accounts Payable Accruals? And How to Manage Them
As one of the biggest sources of liabilities on the balance sheet, accounts payable accruals can spur your company’s growth—or hobble it. Accurately tracking and maintaining your accounts payable balance prevents cash underruns, unwanted fees, and friction in your procurement process, all of which destroy progress. Finance's accounting method may also impact the accuracy and […]