Accounting systems and accountants must follow a set of principles called generally accepted accounting principles, commonly referred to as GAAP. These principles define the way certain transactions ...

Set up an accounts payable process to ensure vendors are paid on time, reduce duplicate payments, and maintain accurate financial records for your business.

Accountants record closing entries at the end of every accounting period. Closing entries transfer the revenues and expenses the company incurred during the period to the equity section of the balance ...

Accounting and accounts payable teams have traditionally worked in-house, sharing paper files across a combination of systems. However, much of this work can be done remotely as we saw at the onset of ...

Accounts payable (AP) is one of the critical path items for any company. Accomplishing timely vendor payments while managing cash flow and maintaining critical accounting controls is a vital part of ...

What Is the Difference between Accounts Receivable and Accounts Payable? Your email has been sent Accounts payable and receivable are required to ensure your cash flow and spending are appropriately ...

Here are the most frequently asked questions about reimbursements and payments. Does Accounts Payable issue checks for all reimbursements? Employee reimbursement requests below $50 should be submitted ...

Accounts payable represents money a company owes to suppliers for goods or services bought on credit. Effective management of accounts payable helps maintain cash flow and build supplier relationships ...

Accounts payable is an entry in a company's general ledger representing what it has to pay to vendors or creditors in the short term. Because the accounts payable section of a company's ledger ...