article thumbnail

How to spot accounting fraud

ThomsonReuters

A study on the pervasiveness of corporate fraud estimates that in an average year, 41 percent of companies are committing accounting violations, which are less severe than alleged securities fraud. a misrepresentation, information omission, or other misconduct ).

Account 93
article thumbnail

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?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Accounts Payable Workflow Automation [11 Benefits + Best Practices]

Ryan Lazanis

Want all the information you need about accounts payable workflow automation? In this article, you’ll learn: What accounts payable automation is. What is Accounts Payable Workflow Automation. Quick Audits. You’ve come to the right place. 11 different benefits of automating this process. Let’s dive in!

article thumbnail

An Essential Guide to Accounting and Basic Accounting Principles for Beginners

Snyder

Why is accounting important? What are basic accounting principles? What is accounting software? Let’s find out what’s really under the hood. . Basic accounting and its secrets. The Fantastic Four of accounting. Basic accounting principles. Is it worth the cost or does it fall short?

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. Customizable security features.

article thumbnail

Accounts Payable Outsourcing vs. AP Automation: Which is Better for Your Business?

MineralTree

In fact, vendor enrollment is the number one pain point for accounts payable teams. When done manually, verifying contact and payment information is extremely susceptible to human error – especially amongst overworked and stressed AP staff. What is Accounts Payable Outsourcing? What Is Accounts Payable Automation?

article thumbnail

Making the most of accounts payable automation

ThomsonReuters

An integration automation solution can also streamline the accounts receivable process. What is accounts payable automation? Accounts payable automation is the use of technology to streamline the accounts payable process. Set up controls so you choose how much information your clients can see.