The accounts payable department of a company is one of its most important building blocks. However, it has been one of the slowest to adapt to change. However, this shift is now being accelerated due to the trends of automation taking flight amongst accountants across...
Is Paying Employees in Crypto a Viable Option?
Cryptocurrencies took over the market around five years ago, and since then, popularity has never declined. On the contrary, more and more people are looking into ways to invest in cryptocurrencies. Many companies and individuals on top of the business industries...
A Brief Guide on Accounts Payable (AP) and Accounts Receivable (AR)
An organization sustains itself by receiving money for its goods and services while spending on its ability to produce those goods. Accounts payable and receivable is a concept that is the same thing but has more layers. If you are a business, then accounts receivable...
How does Accounts Payable automation affect SMEs?
SMEs, or Small and Medium Enterprises, are a large group of businesses and companies that have just started their business journey or are in the middle of becoming a large business. Such businesses are not usually made for remote working or inefficient work because...
Value Added Tax VAT: What is it, and What are its Related Trends
VAT, or Value Added Tax, is one of our homes' most used financial terms. It is included in our food, any service we use, or any product we buy. Doesn't this make you wonder what VAT is? This article answers precisely what VAT is, and as an extra bit of information,...
What is the Best Way to Manage Your Accounts Payable?
There is always room for improvement in your business. You should follow this principle to make sure that your business always prospers. Such dedication is required to achieve better revenue in your industry. An essential aspect of your business is its accounts...