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What is 3-way matching and why is it important?

Airbase

In the world of finance and procurement, accuracy and accountability are paramount. Three-way match has long been an important control measure practiced by accountants to make sure that what was purchased, what was received, and what was paid are fully aligned. Table of contents What is 3-way matching? How 3-way matching works.

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ACH vs. Checks vs. Virtual Cards: Key Differences

MineralTree

For accounts payable (AP) teams, vendor payments are the cornerstone of business relationships. This blog will dive into the key differences between some of today’s most prevalent options for business payments: ACH vs. virtual cards vs checks. Moreover, certain payment methods offer greater security than others.

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Bookkeeping Fundamentals for Small Business Owners

DuctTapeMarketing

Cloud-based accounting software can provide a whole suite of tools to help business owners get ahead. This task helps you avoid running out of money suddenly — leaving you unable to pay employees, vendors, or Uncle Sam. Handle payments and manage accounts payable. Social Media. Marketing Automation. Website Design. Advertising.

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A Guide to AP Automation Technology

MineralTree

Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). In this blog post, we’ll dive into the transformative world of AP technology to explore its role in modern financial operations and how it can help businesses save time and money.

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What is the difference between sales tax and VAT?

ThomsonReuters

Sales tax vs. VAT overview. Sales tax : Resellers issue a tax exemption certificate to the vendor and do not pay tax on purchases of items to be resold. VAT : Resellers pay tax to the vendor and reclaim the VAT for the tax amount paid on business inputs. What is the difference between sales tax and value-added tax (VAT)?

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OCR Bulletin Addresses HIPAA’s Application to Online Tracking Technologies

ThomsonReuters

OCR Bulletin: Use of Online Tracking Technologies by HIPAA Covered Entities and Business Associates (Dec. 1, 2022); HHS Office for Civil Rights Issues Bulletin on Requirements under HIPAA for Online Tracking Technologies to Protect the Privacy and Security of Health Information (Dec. Specifically, the bulletin addresses: Tracking on Webpages.

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Netsuite vs. Quickbooks: Accounting Software Comparison

inDinero Accounting

One of the most critical aspects of running your own business is accounting. That’s why 71% of businesses rely on outsourced accounting to help them track their financial data. However, even with an accountant, you still need a way to keep records. However, even with an accountant, you still need a way to keep records.

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