Blog

Accounts Payable

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

iStock-1397889937
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 […]
7 min read
iStock-1452827340
Blog — Accounts Payable

Outsourcing Accounts Payable: The Pros and Cons
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.
8 min read
iStock-1342439489
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 […]
9 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 […]
10 min read
iStock-1367180241
Blog — Accounts Payable

Your AP Automation Workflow Is Broken & How to Fix It
Picture your accounting department at the end of every month — is it calm or chaotic? If your staff is scrambling and cash reconciliation is always a nail-biter, your AP workflow may be broken. Accounts payable automation is the best way to avoid month-end madness and bring visibility and efficiency to accounting processes. Automated AP […]
10 min read
iStock-1348027499
Blog — Accounts Payable

What Is Trade Accounts Payable, and Why Is It Critical for Managing Vendor Relations?
Ask any modern business decision-makers about the essence of trade accounts payable, and you'll soon realize that it's one of the greatest tasks they face. After all, businesses must pay their debts, and they cannot afford to get this wrong. Managing invoices accurately and promptly is almost an art, and it’s the key to maintaining […]
7 min read