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 […]
What is Accounts Payable? A Guide for Businesses
Accounts payable are defined as a liability to a creditor. It can be carried on an open account, which is typically 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 Conduct an Accounts Payable Department Interview
It doesn’t matter what type of business you run; paying bills is almost certain to be a core component of what you do. You have to keep the business running, and that almost certainly means paying out 3rd parties, vendors, and clients. People don’t work for free. That’s why accounts payable is so incredibly important […]
Managing Your Accounts Payable Turnover Ratio
You want your company’s overall profile to look good for any potential suitors. And by “suitors,” I mean creditors and those who would potentially loan your company cash. There are a lot of good reasons to make sure you are always top of the list for any loan potentials. If you want to build out […]
Accounting Tips to Help You Grow Your Business
Accounting for small businesses is one of those tasks that can easily get out of hand if not managed regularly. It’s an important part of keeping track of your assets and expenses. And like most people who’d rather hire an accountant, there are some accounting tips that can help you make doing it yourself easier. […]
Productivity And Outsourcing Go Hand In Hand
Who in their right mind would choose to be less productive with their time and energy? You might think that no one would make such a choice, but unfortunately, that is the choice being made by any small business still using in-house payroll methods. They are likely unaware of the impact they are having on […]