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Accounts Payable

Explore Accounts Payable resources to optimize your AP process across invoice processing, approvals, vendor payments, and more.

What are Accounts Payable Accruals? And how to manage them
Blog — Accounts Payable

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 […]
5 min read
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Blog — Accounts Payable

3 Reasons Your Company Needs 3-Way Matching Automation
What is 3-way matching? Essentially, 3-way matching is a process in accounting in which a company verifies that a purchase order (PO), supplier invoice, and goods receipt all reflect the same products and pricing. If the numbers are consistent throughout each document, wah-lah! You’ve got yourself a 3-way match! With the green light of a […]
3 min read
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Blog — Accounts Payable

How Accounts Payable Trial Balance Improves Your AP Process
Business success demands effective decision-making, on-time reporting, and accurate data entry. Still, sometimes errors enter the system—and poor invoice processing is a primary reason. Users may not discover inaccuracies caused by an incorrectly processed invoice until they prepare the accounts payable (AP) trial balance. This leads to late reporting and delayed decisions. If no one […]
6 min read
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Blog — Accounts Payable

Is Accounts Payable Outsourcing the Best Choice for Your Business?
Accounts payable outsourcing refers to inviting a third-party team to manage your accounts payable process for you. Your accounting department will have fewer tasks to accomplish since liabilities such as short-term debts and managing your creditors are given to qualified third parties.
9 min read
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Blog — Accounts Payable

B2C AP Accounting: Exposing Problems & Delivering Solutions
B2C business success brings its own headaches. Here is the simple reason why — B2C businesses succeed by selling current and new products and services to existing customers, and then,  they sell to those customers more often. B2C businesses will also acquire new customers, and then repeat the whole process over again.Having more customer orders […]
8 min read
Accounts Payable Audit Program Leads to a Paperless Process
Blog — Accounts Payable

Accounts Payable Audit Program Leads to a Paperless Process
Whether small businesses or global giants, all companies must follow the same basic accounting principles — the Generally Accepted Accounting Principles (GAAP) standard in the US or International Financial Reporting Standards (IFRS) abroad. Accounting according to these principles helps companies dutifully manage  their cash flow to maintain stability and give employees confidence in the future […]
8 min read