As the tax season of 2023 is approaching, taxpayers must be aware of common errors that they may make when filing their tax returns, which can lead to penalties and unwanted troubles. Filing taxes can seem overwhelming, and errors are common. Therefore, it’s crucial to be cautious and vigilant to avoid making such mistakes. Below […]
Accounts payable automation is a method employed to make the process of paying bills and invoices more efficient and streamlined. One of the fundamental aspects of AP automation is the use of metrics to gauge the system’s performance. These metrics align with the objectives of the accounts payable department and are used to pinpoint areas […]
Technology in accounting grew many times over but so did the sophistication of payment frauds. More than 78% of the businesses experienced an attempted or an actual B2B payment fraud in 2021 alone. And almost all of them involve fraudulent invoices. Accounts Payable – A Ripe Ground for B2B Payments: There was a time when […]
Accounts payable is an unpleasant task that most organizations, especially larger ones, must perform to maintain healthy cash flow and vendor relationships. This is often undervalued until a company’s reputation and how quickly it fills orders become important for getting the best price. Unfortunately, AP teams must deal with a wide variety of such issues […]
