ACH (or Automated Clearing House) is a network used for transferring money payments electronically across the United States. The ACH network is governed by Nach…
About Faye Wang
Career Resources for Women in Tech and Finance
Tech and finance are classically male-dominated fields. For women embarking on careers in these fields, several resources can make the journey easier, both at t…
Profit Margin
The profit margin is a financial ratio used to determine the percentage of sales that a business retains as earnings after expenses have been deducted. For exam…
Open Invoice
Open invoices are a common and helpful tool in the world of accounts payable! Familiarising yourself with what they are, how they work, and when to use them, ca…
TIN Matching
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…
EDI Payments
Many types of EDI payment methods are available to businesses. If you are considering EDI for the first time or are expanding your existing EDI platform, there …
Accrual vs Deferral
So, what’s the difference between the accrual method and the deferral method in accounting? Let’s explore both methods, walk through some examples, and exam…
Variable Expense Ratio
It’s possible to calculate the variable expense ratio for virtually any time period — it can be calculated for the full financial year, by quarter, or even by…
Vendor Management
To help with the vendor management process, a company can use a software application to manage its vendors in one system. The software, called the vendor manage…
Reverse Factoring
Reverse factoring is also known as supply chain financing. It’s a financing solution that ordering parties initiate to help suppliers finance receivables. Rev…
Accounting Automation
Having an automated accounting system is now considered a must-have for larger companies that deal with thousands of transactions a day, but it’s a relatively…
Accounts Payable Process
The AP process starts when the accounts payable department receives an invoice. Invoices can arrive through a huge variety of different methods, including elect…
Accounts Payable Automation Benefits
AP automation software helps you achieve advanced PO matching by supporting two- and three-way matching. Tolerance ranges can be customized to ensure unmatched …
Using Accounts Payable Software
Using AP software that allows mobile on-the-go access is another way to boost AP department productivity. You might find the whole “streamlining your AP workf…
Invoice Automation Software: 8 Killer Ways to Use Invoice Automation Softwa…
Using invoice automation mitigates the risk of fraud and leads to numerous other business advantages, including enhanced payment processing efficiency, better …
OCR Invoice Processing
When you start looking into automating your accounts payable workflow, you’ll notice common features across AP software systems: tax form processing, electron…
Supplier Payments Process
The supplier payment process involves tax compliance, fraud monitoring, currency exchange rates, banking requirements, and more. If your supplier payment proces…
Accounts Payable Workflow
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…
Accounts Payable Job Description
Accounts payable jobs will change in the future. New technology is obsoleting the position and a new way to think about what the job description looks like.
