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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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Common Accounting Mistakes: Government Edition - Issue #4 Documentation to Prove It!

SMBAccountant

What documentation do you have that proves all purchases are approved by a supervisor or manager before they are made? Approved purchase orders provide great supporting documentation for approval of purchases, as well as help accounting manage cash flow and billing. Are they approved at all?

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Common Accounting Mistakes: Government Edition - Issue #4 Documentation to Prove It!

SMBAccountant

What documentation do you have that proves all purchases are approved by a supervisor or manager before they are made? Approved purchase orders provide great supporting documentation for approval of purchases, as well as help accounting manage cash flow and billing. Are they approved at all?

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Is Afterpay a Credit Card?

Snyder

Vendors integrate Afterpay with Xero accounting systems and allow their customers to defer paying for an order or to split the repayment into manageable chunks. However, you can raise your Afterpay limit with a good account management history and avoid having your Afterpay account frozen by making payments on time.

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Finding Bribery and Corruption Schemes

FraudFiles

When fraud happens within an organization’s accounting system, there is often a paper (or digital) trail left behind. They happen almost completely outside the accounting system, so they often don’t leave a paper trail. Management instead must rely on tips or other vague clues to the existence of such a fraud scheme.

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Best Tax Preparation Software for Small Business: What Tax Software to Choose?

Snyder

Most SMB owners fall into the trap of putting off taxes until the last minute because they don’t have professional tax accounting software backing them up. First, try to make the most out of your accounting software. Accounting management. Tax preparation software inquiry: Accounting management.

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Accounting Practice Management Software: The Top 17 Roundup

Ryan Lazanis

Looking for the best accounting practice management software for your firm? Good news, because this is the ULTIMATE accounting practice management software round-up post. Get to know the top accounting practice management software and why it is essential for your business. QuickBooks Online Accountant.

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