Okay, be honest–when everything started to open up again, you were wary of how “normal” things would be. Once you…
Accounts Payable
Cryptocurrencies are all the buzz right now especially following Elon Musk’s Saturday Night Live debut. Musk has been publicly tweeting…
We are always looking for ways to improve our business. We want to eliminate inefficiencies and increase our profit margins….
The accounts payable section of our business is typically strenuous on our eyes and minds. After a few hours, numbers begin to switch places, things go missing, and we feel like we are losing our minds. A perfect example of why transposition in the most common accounting error. A switch between two digits can cause hours of confusion and miscommunication. Today we’ll be going over the most common mistakes made in accounts payable.
Online payment methods are regularly used around the world. The only difference between how you pay and how your customers…
Have you ever seen a picture of yourself from years ago and wonder, “Where did that shirt go?” You start…
Before the calculator was made, how long do you think it took to accurately complete a balance sheet? The calculator,…
Checks and related Automated Clearing House (ACH) payments shouldn’t be left behind when it comes to taking care of your vendors. But cost matters when we process payments. In this blog we discuss some potentially cheaper ways to pay your vendors/suppliers besides checks and ACH.
Employees and outsiders may be taking advantage of your weak internal control system for your accounts payable to siphon extra money off the top. We’ll explain the downsides of a weak internal control, how to identify these problems, and how to make your internal control system even more effective.
Your reliance on checks ultimately depends on the needs of your business. Let’s take a closer look at which parts of checking are worth riding out and which parts are worth avoiding.