What is Accounts Payable

What is Accounts Payable?

A fundamental question of accounting and finance is: what is accounts payable? Accounts payable (AP) is an accounting term that means: “The money you owe for goods or services you have purchased but not yet paid for.” Accounts payable also …

GL Codes Automated

GL Coding – Everything You Need To Know

GL coding is the application of general ledger code (GL Code), a string of alphanumeric characters assigned to each financial entry in an organization’s general ledger. These codes indicate basic information such as a debit or credit by location, or …

A/P One Work Smarter

AP Automation: A/P One for Small to Mid-Market Businesses

AP automation software isn’t just for big corporations anymore. Now there’s A/P One accounts payable software for small to mid-market organizations. In fact, any sized business that processes more than 250 invoices per month can save time and money with …

Invoice Imaging

Invoice Imaging: What is it and How Does it Work?

Capturing invoice data and invoice imaging are tedious tasks. No one actually enjoys spending hours a day entering invoice data into an accounting, ERP system, or even an AP automation solution. And manual invoice data capture is incredibly prone to …

Accounts Payable Internal Control Checklist

Accounts Payable Internal Control Checklist

An accounts payable internal control checklist allows you, as the CFO or controller of your organization, to achieve the goal of strong internal controls. Accounts payable is one of the most vulnerable areas for fraud for any business. And errors …

procurement automation

How Procurement Automation Streamlines Purchasing

Procurement automation is a critical element to full end to end procure to pay automation. Streamlining the purchasing process by implementing automated procurement will save your organization time and money by making your purchasing team more efficient, data driven, and …

Move to Electronic Payments

Overcoming Barriers to the Move to Electronic Payments

It’s time for your business to move to electronic payments. Consider this – there are many financial professionals today who’ve never used a paper check in their lives. Every purchase they make, from cars to groceries, are handled electronically and …