Running a business is no easy task, and one of the most crucial aspects of managing a successful business is maintaining a clear separation between your business and personal finances….

Keeping track of invoices and payments is an essential part of any successful business. Without efficient tracking systems in place, businesses risk cash flow issues, payment disputes, and strained client…

When you own a business, paying your suppliers and vendors on time is critical to good cash flow management. If you don’t have an accurate and easy-to-implement accounts payable system,…

Managing your cash flow and paying off your short-term debts is critical for your business’s success. Automating your accounts payable (AP) process is the key to ensuring you make payments…

No matter the size of your business, you know just how important it is to stay on top of your company’s finances. One essential aspect of managing your finances is…

Invoice reconciliation is a vital process for businesses of all sizes, in all industries. If you’ve partnered with a vendor who supplies products or services you use for your business,…

While the terms “bills” and “invoices” are often used interchangeably, there are actually significant differences between the two. In general, a business issues an invoice to clients or customers to…

Accounts payable refers to short-term debts and obligations that have not yet been paid. When a company has outstanding accounts payable, the sum of those amounts is listed on a…

In recent years, digital transformation has taken the business world by storm. However, some departments have been slower to catch up than others. Some accounts payable (AP) departments have struggled…

Every time you purchase a product or service for your business, you’ll receive an invoice that must be processed and paid on time to avoid late fees and stay in…

Understanding how to pay invoices efficiently and on-time is key to running a successful business. Prioritizing prompt, accurate invoice payment helps you build and maintain relationships with suppliers, which are…

Accounts payable is a summary of your company’s short-term debt obligations, and is therefore a credit. The sum total of your accounts payable is a liability because it represents a…

Understanding how to pay an invoice is a critical skill to possess if you own or operate a business of any size. Businesses small and large need to pay their…

As a small business owner, managing your accounts payable helps you keep track of short-term debt, avoid incurring late fees, and stay on top of your cash flow. It involves…

Tax season can be a stressful time for many small business owners. When every dollar matters, you want to make sure you’re getting your return 100% correct, but you also…