MineralTree

NOVEMBER 2, 2023

Accounts payable is a foundational function that ensures organizations maintain accurate invoices, payments, and vendor relationships, while making bill payments on time. However, amidst today’s rapid and intricate business transactions, particularly in high volumes, managing accounts payable processes can pose significant challenges.

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MineralTree

JULY 13, 2023

Accounts payable forecasting is a lot like gazing into a crystal ball — it enables businesses to predict and plan for upcoming financial obligations. Accounts payable forecasting refers to the process of calculating future financial obligations based on historical data, trends, and business forecasts.

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Insightful Accountant

SEPTEMBER 10, 2024

BILL, a leading financial operations platform for small and midsize businesses, announced last week that Ariege Mishergi has joined as SVP & GM of Accounts Payable, Accounts Receivable, and Accountant Channel.

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Basis 365

AUGUST 9, 2022

A provider that offers Accounts Payable automation could be the difference between success or failure when your company decides to outsource. Although outsourcing payables may not be for everyone, it is something that you should consider. It is an IOU that covers travel expenses, vendor payments, and operating costs.

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ThomsonReuters

APRIL 6, 2023

Whether you’re an accounting student, a recent college grad, or a small business owner, you may have questions about what accounts payable is, how it works, and best practices. As an important indicator of the health of a business, accounts payable is a gauge of cash flow. Is accounts payable a revenue?

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MineralTree

FEBRUARY 1, 2024

Key takeaways Accounts payable teams continue to face challenges with fewer resources, despite it being nearly four years since the onset of the COVID pandemic. The post Making Accounts Payable More Efficient appeared first on MineralTree. Almost half (45%) of those surveyed expect to encounter challenges and delays.

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MineralTree

JANUARY 18, 2024

Optimizing the accounts payable (AP) process involves more than paying vendors on time — it’s also about maximizing efficiency and accuracy with every outgoing payment while managing cash flow to maintain a healthy business. How do you increase productivity in accounts payable?

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Accounting Insight

JULY 31, 2024

Let’s explore some of the fraud vulnerabilities within the accounts payable function: Invoice fraud: this common form of fraud involves submitting highly-convincing fake invoices, or altering the payment details of legitimate ones.

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MineralTree

JANUARY 25, 2024

This blog takes a deeper dive into 7 accounts payable trends that will help shape 2024. These inquiries often come in the form of a fake invoice through a compromised company or vendor email account, or a spoofed email address from what appears to be a trusted source.

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MineralTree

AUGUST 10, 2023

But a key component of cash flow balance — accounts payable — is often overlooked. Accounts payable (AP) is inherently tied to a business’ financial stability. Let’s review the role of accounts payable on cash flow and dive into best practices for optimizing cash flow.

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xendoo

JUNE 11, 2022

If you’re managing a business—and your books—you’ve probably had to learn what is accounts payable vs. accounts receivable. . Accounts payable and accounts receivable are two different sides of the same coin. What Is Accounts Payable? What Is Accounts Receivable? Accounts Receivable.

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Ryan Lazanis

APRIL 4, 2022

Want all the information you need about accounts payable workflow automation? In this article, you’ll learn: What accounts payable automation is. What is Accounts Payable Workflow Automation. 11 Benefits to Accounts Payable Workflow Automation. You’ve come to the right place. Let’s dive in!

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xendoo

JUNE 22, 2022

The process of 3-way matching in accounts payable protects your business against incorrect or fraudulent invoices. One way that you can protect your business from fraudulent or incorrect invoices is by 3-way matching in accounts payable. You implement 3-way matching in accounts payable before issuing payment.

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ThomsonReuters

APRIL 6, 2023

If you are an accountant working within accounts payable, chances are you’ve got an interest in automation. From understanding the why and the how, to knowing what to look for, let us be your guide to accounts payable automation. Resolving the accounting records. How can I improve my accounts payable?

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MineralTree

OCTOBER 19, 2023

Accounts payable (AP) is a critical business function, responsible for protecting cash flow, maintaining good relationships with vendors, and ensuring compliance with financial regulations. What Are the Types of Accounts Payable Software? 1 digital transformation priority for finance leaders.

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ThomsonReuters

APRIL 6, 2023

Accounts payable (AP) is an important signal in understanding the financial health of a business. By optimizing your accounts payable workflow, you can gain insight into cash flow, make better business decisions, and ensure strong relationships with vendors and suppliers.

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Accounting Insight

NOVEMBER 7, 2023

The finance platform iplicit is offering the time-saving advantages of accounts payable (AP) automation to its full range of customers in the latest update to its product. The post iplicit offers benefits of accounts payable automation to all its customers appeared first on Accounting Insight News.

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ThomsonReuters

APRIL 6, 2023

Accounts payable and accounts receivable are opposite but interconnected procedures. When accounts payable and accounts receivable are in balance, a business can plan ahead for growth. Let’s take a look at their differences. What is the difference between accounts receivable and accounts payable?

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Randal DeHart

JULY 22, 2022

Accounts Payable keeps track of the bills owed to a supplier or subcontractor. A proper Construction Contractor Bookkeeping System uses the Accounts Payable feature to track unpaid bills.

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MineralTree

MARCH 14, 2024

However, many companies still rely on manual processes to manage accounts payable—and these outdated practices are causing problems across their financial operations. An overview of high-volume accounts payable High-volume AP involves managing a large number of invoices and payments. Did you know?

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AccountingDepartment

FEBRUARY 7, 2023

While accounting software has been around for decades, many businesses still rely on manual processes within their accounts payable (AP) operations.

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MineralTree

MARCH 16, 2023

The State of Accounts Payable Today Recession and inflation are top challenges for CFOs as they look to keep companies profitable in 2023. This dynamic, coupled with ongoing threats related to recession and inflation, result in numerous challenges for accounts payable teams. What is Accounts Payable Outsourcing?

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Accounting Insight

NOVEMBER 16, 2023

The finance platform iplicit is offering the time-saving advantages of accounts payable (AP) automation to its full range of customers in the latest update to its product. The post iplicit offers benefits of accounts payable automation to all its customers appeared first on Accounting Insight News.

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Accounting Insight

NOVEMBER 29, 2022

Accounts payable automation, also known as AP automation or invoicing automation, is the process of automating accounts payable processes and activities while collecting the critical data required to make smart decisions, improve efficiency, and grow your business. 88% reported facing problems with their payments system.

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ThomsonReuters

APRIL 6, 2023

Whether you’re an accountant, a small business owner, or a professional working within an organization, understanding what accounts payable is and how it works is essential. As an important cash flow indicator, accounts payable is a sign of the health of a business. Often, these types of charges are invoiced.

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Basis 365

JUNE 20, 2023

Efficient accounts payable management is vital for businesses, as it directly influences cash flow, vendor relationships, and overall financial stability. By recognizing and rectifying these errors, businesses can optimize their accounts payable processes and enhance their financial health.

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SMBAccountant

MARCH 6, 2024

Accounting operates within its own language, a system of terms and conventions that serve as the backbone of financial communication and analysis. Cash vs. Accrual Accounting Cash accounting records transactions only when cash changes hands, providing a real-time view of cash flow.

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LSLCPAs

JUNE 7, 2024

Accounts payable fraud is a growing concern for local governments, with vendor scams becoming an increasingly common problem. The post FRAUD ALERT: The Growing Fraud Occurring in Accounts Payable in Local Government Finance Departments appeared first on LSL CPAs.

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LSLCPAs

AUGUST 13, 2024

The post Tackling Long-Term Debt, Accounts Payable, and Accrued Liabilities in Governmental Agencies: Understand the What, How, & Why appeared first on LSL CPAs.

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LSLCPAs

AUGUST 13, 2024

The post Preparing for Auditors: Best Practices and Key Workpapers for Long-Term Debt, Accounts Payable, and Accrued Liabilities appeared first on LSL CPAs.

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MineralTree

DECEMBER 15, 2022

In any organization, the accounts payable (AP) department is responsible for handling and processing payments. What is Compliance in Accounts Payable? Compliance in accounts payable refers to the practice of following laws, regulations, and standards related to handling payments. Let’s take a closer look.

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PYMNTS

DECEMBER 10, 2020

Increasingly, FinTechs and the businesses they serve are pulling double duty with solutions that tackle both accounts receivable and accounts payable friction for each end of the B2B transaction. Digitizing and modernizing B2B payments cannot be a one-sided effort. Wells Fargo, Bill.com Pull Double Duty With Partnership.

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MineralTree

JUNE 1, 2023

Managing accounts payable can be a time-consuming and challenging task, especially for businesses with limited resources. Thankfully, the right accounts payable software can help businesses streamline their payment processes, reduce manual errors, and improve efficiency.

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MineralTree

AUGUST 24, 2023

Are you relying on the current accounts payable (AP) workflow in QuickBooks Desktop or Online to manage your financial operations? Leverage Analytics & Optimize Accounts Payable QuickBooks offers a basic payment system but lacks advanced features such as scheduling payments or payment mix optimization.

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MineralTree

JANUARY 19, 2023

As the top back-office digitization priority for the last two years, accounts payable is a great example of a tool that is trusted amongst finance teams to simultaneously target multiple areas of concern including security, process inefficiencies, and disorganized AP workflows. To learn more, schedule a demo today.

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Snyder

MAY 10, 2022

An accounts payable process helps your finance teams to manage this and build a reputation for timely payments. . What’s an accounts payable process? Benefits of accounts payable. Managing your accounts payable. Make the most of your business accounts payable. Contents: 1.

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