The Institute of Financial Operations

JULY 12, 2021

WHAT IS AN ACCOUNTS PAYABLE RECOVERY AUDIT? Quite simply, it is a review of your Accounts Payable historical data for the purpose of identifying and recovering funds paid to your vendors and suppliers resulting from overpayments and under-deductions. WHY SHOULD MY COMPANY CONDUCT AN ACCOUNTS PAYABLE RECOVERY AUDIT?

Accounts Payable 130

Accounts Payable Accounts Payable Auditing Accounting 130

MineralTree

OCTOBER 19, 2023

Accounts payable (AP) is a critical business function, responsible for protecting cash flow, maintaining good relationships with vendors, and ensuring compliance with financial regulations. What Are the Types of Accounts Payable Software? 1 digital transformation priority for finance leaders.

Accounts Payable 75

Accounts Payable Accounts Payable AP Data Entry 75

AvidXchange

JULY 14, 2022

The credit union’s senior accountant was spending 60-75% of her time managing AP. A lot of our financial operations stemmed from the mid-eighties. READ THE BLOG The post Here’s How a Leading Credit Union Streamlined Accounts Payable Processes and Divorced Paper appeared first on AvidXchange.

Accounts Payable 52

Accounts Payable Accounts Payable AP Financial Services 52

MineralTree

OCTOBER 5, 2023

Read on to learn the benefits of streamlining and optimizing the accounts payable month-end close process, including information on best practices and the role of automation in achieving operational excellence. This is important for recognizing expenses in the correct accounting period. What are Month-End Reports?

AP 76

AP Reconciling Accruals Accounts Payable 76

AvidXchange

OCTOBER 1, 2024

AvidXchange allowed Speedway Motorsports to make its accounts payable (AP) process more efficient across locations. • Creating an environment where your team can give constructive and respectful feedback can help you grow as a leader. And just prior to COVID was when we were looking at the accounts payable process.

Accounts Payable 59

Accounts Payable Accounts Payable Accruals Payroll 59

Counto

FEBRUARY 22, 2024

Hiring an In-House Accountant: Considered the traditional method performed within the company, albeit more costly than outsourcing. Involves internal employees managing financial operations. Open a Business Bank Account: Separating personal and business finances streamlines accounting and enhances financial transparency.

Accounting 52

Accounting Accounting Accruals Accounting Software 52

MineralTree

DECEMBER 29, 2022

In this blog, we explore the key issues and trends that CFOs must tackle, and offer practical advice on how to prepare for these challenges in order to capitalize on the opportunities of financial digital transformation. What is Financial Digital Transformation? Streamline Accruals. Expand Electronic Payments.

AP 52

AP Accruals Financial Operations Financial Operations 52