Resources on basic accounting and payment terms business owners must know.
Discover what cash conversion cycle is, why it is important for business leaders to be aware of, how to calculate it, and strategies to implement to shorten yours.
Learn what strategic procurement is, what its core goals are, what the process looks like, and how to adopt a strategic procurement practice in your own organization.
Learn about purchase order (PO) systems and how they help SMBs improve their procurement processes, ensure accuracy in orders, and streamline overall financial operations.
Discover the process of calculating accounts payable. Learn the AP formula, and dive into three additional critical accounts payable formulas for optimizing the financial health of your business.
Your accounts payable process could be costing you money. With accounts payable internal controls, you get more security and potential efficiency.
Explore the strategic advantages of trade payables. Enhance liquidity, improve cash flow, and stay ahead in managing debts effectively.
ACH transfers and wire transfers send money directly from one bank account to another. But they differ in ways that make them best for different situations.
Learn about what optical character recognition (OCR) technology is and how it can help your accounts payable team automate its invoice processing workflow.
Is 4-way matching the right process for your accounts payable team? Find out what it is and when to use it (or not).
Review the main steps of the vendor onboarding process and how you can use automation to start doing business with new suppliers more quickly and efficiently.
Learn what an invoice approval process actually is and why it's valuable before diving into a 5-step process for signing off on invoices and approving payment.
Learn about the importance of vendor invoice management and some best practices to help your company make accurate and on-time payments to suppliers.
ACH withdrawal is an electronic transaction made through the ACH network for recurring payments between bank accounts. Read for more about ACH withdrawal time.
You may have sent or received an ACH credit without knowing it. Using it in your business gives you a payment option with bank-grade security.
Understand the essentials of accounts payable journal entries for credit purchases. Learn the basics with practical examples.
