Remove blog accounts-payable-process
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5 Benefits of Sales and Use Tax Overpayment Reviews | TaxConnex

TaxConnex

Blog authored by Scott Schwertner, National Director of Sales and Use Tax for Invoke Tax Partners. Implementing Best Practices and Training of Staff – A post-review training of staff engaged in the sales and use tax process and implementing industry standard best practices can have a significant impact on preventing errors going forward.

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10 Critical Accounts Payable Strategies for All Businesses

Basis 365

One critical aspect is the management of accounts payable (AP). Effective accounts payable strategies not only streamline the payment process but also contribute significantly to better cash flow management. Make sure your accounting team is implementing as many of these as possible.

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What is 3-way matching and why is it important?

Airbase

In the world of finance and procurement, accuracy and accountability are paramount. Three-way match has long been an important control measure practiced by accountants to make sure that what was purchased, what was received, and what was paid are fully aligned. Table of contents What is 3-way matching? How 3-way matching works.

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7 Steps to Improving the AP Check Run

MineralTree

Is your accounts payable (AP) check run holding your business back? The AP check run remains a pain point for many finance departments who rely on manual processes and outdated solutions to manage AP — in turn, causing check run delays and hiccups. What is a check run in accounts payable? Today, only 6.5%

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A Guide to AP Automation Technology

MineralTree

Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). Understanding how AP automation works and how it streamlines AP processes is vital to keeping your company ahead of the curve in a rapidly evolving business finance landscape.

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7 Accounts Payable Trends in 2024

MineralTree

This blog takes a deeper dive into 7 accounts payable trends that will help shape 2024. Automating AP processes also helps these teams do more with less — 61% of finance teams that have automated AP can process more invoices without increasing the size of their team. What else does this mean for these teams?

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Understanding accounts payable: FAQ

ThomsonReuters

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?