Sat.Mar 30, 2019 - Fri.Apr 05, 2019

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Companies Must Now Set Out Their Payment Practices in Annual Reports

AP Association

Since his Spring Statement when the possibility for fines on late payers was announced, Chancellor, Philip Hammond has had AP departments scrambling to get their acts together and put measures in place to get significantly more organised with regards to payment processing. If your business has not yet begun looking at ways to reduce the length of the payment timeline, this article may be a push in the right direction.

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The Procurement Process – 5 Steps to Best in Class

AvidXchange

As the costs of purchasing continue to rise, it’s important that business owners follow best practices when it comes to the procurement process. In today’s economic climate, CFOs and business executives have little room to rest on their laurels without feeling the heat from investors and external entities. For this reason, you’ve got to transform your procurement process across your supply chain to achieve “best in class” status.

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Small biz owners not happy with Intuit's new rate limits, details on the latest QuickBooks Live test, how to start a virtual bookkeeping business, and more

Cloud Accounting Podcast

Sponsor Xero: [link] Show Notes 00:52 -- We got some more iTunes reviews! Leave us a review and we might read it on the air. 02:09 -- New usage rules for Intuit's popular accounting software could mean some customers will need to move to a pricier plan. And some entrepreneurs say it's one tweak too many. 06:26 -- The next "QuickBooks With Live Bookkeeping" test is up and running.

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“Rogue-traders selling fake receipts”: Why Cash Expenses Aren’t Worth the Risk

Dext

What do exotic pets, human organs and receipts have in common? They’re all available on the black market, according to a recent BBC report. While an illegal market for something as mundane as receipts might be surprising, it’s a logical extension of a cash-based expense system. And the problems don’t stop there.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Vendor Management – 5 Steps to a Smooth Vendor Process

AvidXchange

To fulfill your business’s mission, you need to develop strong and lasting relationships with your suppliers. Adopting vendor management best practices will help you forge a stronger bond with your suppliers by working toward mutually beneficial agreements for both their company and yours. No matter if you work with one supplier or hundreds, your business must have an efficient vendor management system to assist with organizing contract terms, points of contact, financials, and more.

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What is the 3-Way Match Process in Accounts Payable?

AvidXchange

As a business owner, the last thing you want to do is pay a fraudulent or inaccurate invoice. Three way matching can help safeguard your accounts payable against incorrect or fraudulently submitted invoices. Today, an increasing number of business owners and departments in charge of finances are using three way match processing to mitigate risk and reign in company spending.