A company’s accounts receivable turnover ratio is most often used to quantify how well it can manage extended credit. It’s indicative of how tight your AR p…
Procurement Process
Look for automation tools that strengthen the process, minimize the chances of error, and fulfill all of your procurement needs. When managed efficiently, a str…
Accounts Receivable Process
The accounts receivable process refers to the collection, management, and monitoring of all outstanding invoices a company has from extending credit to customer…
Routing vs Account Number
There are many scenarios in which you may need to provide a bank routing number and account number, so it’s important to have this information on hand. The most…
Accounts Receivable Cycle
The full cycle of accounts receivable starts at the sale and delivery of a product and/or service to a customer. It ends when that customer is invoiced and pays…
Outward Remittance
An outward remittance (aka wire transfer outward remittance) is the process of transferring money (in the form of foreign exchange) from a worker or business, t…
Procurement vs Purchasing
Procurement is all about long-term goals that contribute to achieving strategic outcomes and competitive advantage. Purchasing has short-term goals. The purpose…
Freelancer Payments
How does the onboarding of freelancers affect your accounts payable workflow? Paying a freelancer is essentially making a supplier payment.
Order to Cash Process
The order-to-cash process (also called O2C or OTC) refers to the entirety of a company’s ordering system. It starts the moment a customer places an order and en…
Bank Reconciliation Steps
Bank reconciliation accounting is performed by the accounts payable department. It’s a means of comparing bank statements against a company’s personal records t…
Sales Order vs Invoice
An important part of running any business is understanding the basic terminology behind operations. When it comes to accounting, two important terms that are of…
Business Cash Flow
Your first step to ensuring healthy business growth is understanding the difference between cash flow and profit and the purpose each serves. This helps manage …
Global Payment Methods
You want to integrate as seamlessly as possible with existing accounting and ERP systems. However there are many key steps along the supplier payment process th…
QuickBooks File Formats
There are over 50 QuickBooks file extension types but you don’t need to remember them all. This list contains what’s important to get started. Although it may f…
Accounts Payable Best Practices
Successful companies are always looking for ways to optimize internal processes, including accounts payable. No matter the size of your business, there will alw…
Ch. 9 Scaling – Everything You Need to Know About AP Automation
Automation is the key to quickly scaling any business. Especially when dealing with high growth. Since invoice management requires tedious data entry and robust…
Ch. 8 Advanced Capabilities – Everything You Need to Know About AP Au…
In addition to automating the procurement process, a more advanced tool like Tipalti can offer features that far exceed simply paying bills. Here are a few exam…
Ch 7: The Best Accounts Payable Software Reviews Comparison – Everyth…
With AP automation software, businesses can reduce hiring and assign more significant roles to accounts payable staff. Advanced AP solutions include capabilitie…
Ch. 4: How to Select the Best AP Software – Everything You Need to Kn…
Automation can revolutionize the accounts payable process; a business simply needs to find the right tool. There are many solutions out there, so when it’s ti…
Ch. 3 Basic Capabilities – Everything You Need to Know About AP Autom…
With AP automation software, businesses can reduce hiring and assign more significant roles to accounts payable staff. Advanced AP solutions include capabilitie…
Ch. 1: What is AP Automation & How is it Profitable for Finance Teams?…
Accounts payable automation helps an organization gather business intelligence from manual workflows. AP technology streamlines accounting operations. The techn…
OFAC
The Office of Foreign Assets Control (OFAC) administers and enforces economic sanctions based on U.S. foreign policy. The goal is to enforce national security a…
ERP for Small Business
A company cannot expand without creating ordered channels that work together. The next step for a growing business is to consider enterprise resource planning (…
IPO Readiness Checklist
Enhanced prestige and increased capital make the IPO process an alluring decision for many private companies. However, an initial public offering requires a com…
