The accounts payable section of our business is typically strenuous on our eyes and minds. After a few hours, numbers begin to switch places, things go missing, and we feel like we are losing our minds. A perfect example of why transposition in the most common accounting error. A switch between two digits can cause hours of confusion and miscommunication. Today we’ll be going over the most common mistakes made in accounts payable.
Like many of you over the past year, your humble blogger has had to do more than a few work-related tasks at home. “Great! No commute! More time for me!” Ah, yes. But not so fast there, chief. For more and more of us, it ended up being something more like this:...
Before the calculator was made, how long do you think it took to accurately complete a balance sheet? The calculator, a device everyone has on their phone, used to not exist and the creation of this device alleviated the stress of many jobs that required rigorous...
A risk-reward calculus is at the heart of most companies’ decision-making when it comes to AP Automation Testing. When a company aspires to the gold standard of DevOps (software development and IT operations combined), they have a critical decision to make about how much automation should be implemented into their testing. We’ll discuss the factors that must be considered first.
Compared to your competitors, paper invoicing makes you slower, less efficient, and more prone to errors. Switching to electronic invoicing seems like a no-brainer, but let’s look at the list of benefits in case you’re still unsure.
Simply put, businesses that go digital survive. Businesses that don’t will die. With many digital routes available, here are a few that can work for you.