What if you had to retrieve the dollar amount on an invoice that was issued a year ago? You might have to sort through a pile of paperwork for hours, going by the order of the time of filing. There may be even more problems that will occur, such as…
July 10, 2018General Ledger – Explained
July 4, 2018Purchasing cards, commonly called p-cards for short, are a special type of bankcard that uses existing credit card systems and processes to enable companies to make electronic business-to-business payments for goods and services procured. Purchasing cards are strongly preferred by up-and-coming yet but rapidly growing companies seeking to slash their…
June 19, 2018Expense Management is Not the Same as Spend Management
June 18, 2018What is Cash Flow? Cash flow is the total amount of cash (in hand and demand deposits) or cash equivalents that either go in or out of a business. According to International Accounting Standard 7, the following items constitute cash equivalents:
June 15, 2018