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Accounts payable vs. accounts receivable: What are the differences?

ThomsonReuters

With two different individuals handling accounts payable and accounts receivable, discrepancies can often be immediately identified and resolved due to the use of double checks on each side. Is invoicing accounts payable or receivable? Accounts receivable are considered current assets and are listed on the balance sheet.

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The ePayments Way To Compliance

PYMNTS

Nonprofits, however, have to not only ensure they fall in line with corporate-facing regulations around processes like payroll and cross-border payments, but, explains Dan Murphy at nonprofit software firm Abila , the compliance stakes are higher, more numerous and more complex than they are at the typical for-profit firm.