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Managing Your Accounts Payable: A Guide for Small Business Owners

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Are you tired of the countless hours spent managing your accounts payable (AP)? Do you want to streamline your accounting process to save the time and money spent on manual tasks on Quickbooks? With a growing business, it’s easy to outgrow the accounting systems you’ve relied on since the conception of your company.

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Accounts payable shouldn’t be a cost center

CFO Dive

CFOs are under growing pressure to drive efficiencies at zero cost. Leveraging intelligent automation to process invoices can help, Steven Cronin writes.

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The Biggest Challenge Facing Accounts Payable

CFO Share

The biggest challenges facing accounts payable are chaos, maintenance cost, and fraud. Bring order to Accounts Payable. Accounts payable is a non-revenue-generating expense which best in class businesses minimize. Minimize fraud risk Accounts payable is the number one source of fraud in small businesses.

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Accounts Payable: Definition and Process

CFO Share

What is accounts payable ? What is accounts payable? Accounts payable is short-term obligations (aka bills) due to vendors for services or goods received. What are examples of accounts payable? Every vendor bill you receive in email or paper mail is part of your accounts payable.

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The Emerging Spend Management Sector: Simplifying Your Accounting Processes

Speaker: Spencer Falbo, Principal at Kong Basile Consulting

For a long time, the market has offered point solutions for accounts payable, such as bill payment, expense management, travel software, and corporate cards. These instruments have aided in the automation of workflows for various aspects of non-payroll spending.

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Accounts Payable Aging Report – What is it?

CFO Share

The accounts payable aging (AP) report shows when and how much you owe vendors. Why is an Accounts Payable Report valuable? When managing cash flow problems, your accounting team or accounts payable service will know what vendors might stop services or put you on credit hold. Pay appropriate bills.

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Accounts payable: Why CFOs should pay attention

CFO Dive

Over one-third of your invoices have errors, and costs to process these may be up to ten times greater than a "clean" invoice.