An accounts payable understatement causes inaccurate profit and loss information on your business financial statements. Understatements are a result of data input errors in accounting software. There ...

Accounts payable is a financial accounting term that refers to the current liabilities of a company for any outstanding obligations they have to another party. This generally occurs when the business ...

Accounts Payable will only send back an invoice when we are unable to resolve the problem. There are some discrepancies with POs that can only be resolved by the department that issued it. For example ...

Companies taking a best-practice approach to AP and AR management are seeing big cost savings and much-improved cycle times. But revamping processes is no mean feat. Like other former back-office ...

Starting November 01, 2024, Procurement Services will implement new measures to enhance the check payment delivery process. As part of this change, all check pickups will require prior approval from ...

The key roles of procurement and finance departments are changing, morphing into a new, more integrated process. Not everybody is happy about the merging functions, but I think it's strange that ...