article thumbnail

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?

article thumbnail

How to spot accounting fraud

ThomsonReuters

Researchers stated that, “In spite of all the regulation, roughly half of the US financial statements suffer from misreporting more serious than pure clerical errors.” In today’s economic environment, which is riddled with rising costs and uncertainties, the risk of increased fraud remains high. But the price was $50 at year end.

Account 93
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Everything you need to know about accounts payable

ThomsonReuters

Whether you’re an accountant, a small business owner, or a professional working within an organization, understanding what accounts payable is and how it works is essential. As an important cash flow indicator, accounts payable is a sign of the health of a business.

article thumbnail

Making the most of accounts payable automation

ThomsonReuters

If you are an accountant working within accounts payable, chances are you’ve got an interest in automation. From understanding the why and the how, to knowing what to look for, let us be your guide to accounts payable automation. How can I improve my accounts payable?

article thumbnail

Accounting advisory: What you need to know

ThomsonReuters

In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements. Let’s take a look at the basics. What is accounting advisory?

Account 88
article thumbnail

Bookkeeping vs. Accounting: What’s the Difference Between Bookkeepers and Accountants?

Snyder

Bookkeeping vs. accounting: what is the difference between bookkeeping and accounting? What a small business owner should know: what is bookkeeping? What is the role of the bookkeeper? What a small business owner should know: what is accounting? What is the role of an accountant?

article thumbnail

Accounting Automation: The Definitive 2023 Guide

Ryan Lazanis

What is Accounting Automation? Will Automated Accounting Replace You? 8 Benefits of Automated Accounting. How to Automate your Accounting in 15 Key Areas. What is Accounting Automation? 2) Expense and Accounts Payable Processing. to prepare their financial statements.