Have you ever seen a picture of yourself from years ago and wonder, “Where did that shirt go?” You start…
Accounts Payable
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.
Companies need diverse groups of employees to work cohesively in order to make the business succeed. One of the best ways to grow this cohesion is by reducing employee turnover. Let’s take a look at some of the ways you can keep your employees productive and willing to work for you each year.
Let’s face it: Cash is outdated and has been for some time. So how do you get your money in a safe, timely manner? In this article we take a look at possible payment methods and weigh the benefits against the drawbacks.
As accounts payable departments have evolved, so has the need to stay updated about its future and how much more it may change with current technology – let’s take a dive into the evolution of accounts payable and how the job description has changed over the years.
Anytime you find out an employee is committing fraud in your company, it hurts. For our last entry in our three-part series, we’re going to cover a source of fraud that sometimes hits on a more personal level–kickbacks.
In the second of our three part series on AP fraud, we tackle expense account and ACH fraud. What can you do about these internal and external threats?