![]() ![]() Keeping track of the money that comes in and out of your business is also known as managing your cash flow, and the balance between what people owe you (Accounts Receivable) and what you owe other people (Accounts Payable) can make or break a business. For many small businesses, it all falls on the shoulders of the business owner, sucking away a tremendous amount of time. In a large business, the AP department can get incredibly complex. In a broader sense, “Accounts Payable” (or AP) is the term businesses use for the end-to-end process of receiving a bill or invoice, vetting that invoice to make sure it’s right, and then paying it. Let’s dive in! What is accounts payable?Īccounts Payable is the line item in your accounting software that keeps track of the bills your company owes but hasn’t paid yet. This guide demystifies how the latest technology advances support the accounts payable process, from beginning to end, and more specifically, how BILL streamlines the process through digitization and automation. And we’re here to suggest another way-a better way-that adds stability to your business’ accounting function and brings about more positive emotions to the task of bill pay. We’re here with a virtual hug to empathize with you. ![]() Does your hand cramp after signing a few dozen checks? Does the thought of accounting admin tedium push those tasks to the bottom of your to-do list? Do you wish your accounting software included more sophisticated options or a broader feature set?
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |