How to Measure Accounts Payable Performance Top AP KPIs

How to Measure Accounts Payable Performance: Top AP KPIs

If you cannot measure something, then you cannot judge how well you are meeting your goals. When evaluating your accounts payable metrics, you need to refer to the business goals to determine where you stand on your quest to accomplish them.  This mindset can be applied to accounts payable KPI performances because the process consists […]

What Is AP Automation Should You Automate Accounts Payable

What Is AP Automation? Should You Automate Accounts Payable?

For any business to succeed, having an efficient and accurate accounting system is very important. Those that have good accounting functions in place will consistently know their current cash flow position, stay current with vendors, and have an easier time remaining profitable during challenging times. To help your business stay organized, consider automating accounts payable […]

Pros and Cons of Account’s Payable Outsourcing

Pros and Cons of Account’s Payable Outsourcing

Depending on what you’re trying to achieve, you’ll either want to get an account payable audit directly from a company or via their software. Obviously, there are advantages to auditing and outsourcing, but also a couple of downsides.  To pick the one you need, you’ll have to get familiar with the pros and cons of […]

accounts payable

What is Accounts Payable?

Accounts payable is defined as a liability to a creditor. It can be carried on an open account that is usually used for the purchase of goods and services. When a company opts to buy goods and services on credit, it is called an account. You might know it by the name of credit. Whoever […]

How To Hire Like a Boss

BUSINESS: How To Hire Like a Boss

How To Hire Like a Boss The hiring process is one of a small business’s most stressful and most important aspects. If you want to grow your business, you will need to hire people to develop websites, bill clients via accounts payable and hopefully, run your Human Resources department. But hiring is the tough business. […]