Managing accounts payable (AP) is a vital part of running a business. It involves tracking what a company owes its suppliers for goods and services received on credit. Understanding how to handle AP ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

These two terms seem confusing at first, especially if one is new to accounting and finances, and since they seem to be similar. However, they are really two sides of the same coin, as you will learn, ...

Accounting systems and accountants must follow a set of principles called generally accepted accounting principles, commonly referred to as GAAP. These principles define the way certain transactions ...

Publicly held companies, or private companies that apply for credit, must have routine audits of financial transactions conducted. Outside agencies, not affiliated with the company, perform these ...

Centrally processed in Accounts Payable. The PO number needs to be typed/written directly on the invoice prior to submission. All PO numbers begin with either 450 or 600. Click to submit invoices ...

If you're feeling bogged down by the busywork of tracking bills and payments, or if you've found yourself being a less-than-ideal client to your providers, then there's a good chance your accounts ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Accounts payable (AP) is one of the critical path items for any company. Accomplishing ...

Editor’s note: This article was excerpted from 202 Services You Can Sell for Big Profits. Getting paid and money management can be tricky business because, in addition to customers, cash flow and ...