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Getting Paid 101: Accounts Payable and Accounts Receivable

xendoo

If you’re managing a business—and your books—you’ve probably had to learn what is accounts payable vs. accounts receivable. . Accounts payable and accounts receivable are two different sides of the same coin. What Is Accounts Payable? What Is Accounts Receivable? Accounts Receivable.

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

ThomsonReuters

Accounts payable and accounts receivable are opposite but interconnected procedures. When accounts payable and accounts receivable are in balance, a business can plan ahead for growth. Let’s take a look at their differences. What is the difference between accounts receivable and accounts payable?

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Efficient Credit Card Reconciliation With Sage Intacct

Withum

Sage Intacct defines credit card accounts and includes credit and debit cards. In Accounts Payable, there is a distinct difference between the two. A credit card transaction is tied to a credit card vendor and a liability account. A debit card transaction is associated with a checking account.

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Steps to Clean Up Accounting Records: A Checklist

xendoo

There are many reasons to have clean accounting books each month. If you don’t know where you stand with accounts receivable, accounts payable, or cash accounts, you won’t be able to make strategic business decisions. If your company has inventory, you will need to account for it in your general ledger.

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Sage Intacct – Automating to Save You Time 

Withum

Outlier Detection for General Ledger. The outlier detection will note if an entry is coded to an unusual account or dimension. Once your bank or credit card transactions are imported you can easily record them into the general ledger and reconcile your accounts. Accounts Payable Automation.

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Palette Unveils AP Automation Software For Construction Firms

PYMNTS

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. Finance administrators and project managers both benefit from automation of the accounts payable process.

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Best Practices for Nonprofits

Withum

Frequently, while cash transactions are usually recorded timely, account balances are not analyzed, reconciliations are delayed, work papers that provide the details of account balances are not readily available, audit adjustments are not entered properly, or improper account classifications are not corrected.