Accountants record closing entries at the end of every accounting period. Closing entries transfer the revenues and expenses the company incurred during the period to the equity section of the balance ...

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 ...

Accounts payable is an entry in a company's general ledger representing what it has to pay to vendors or creditors in the short term. Because the accounts payable section of a company's ledger ...

Set up an accounts payable process to ensure vendors are paid on time, reduce duplicate payments, and maintain accurate financial records for your business.

Almost 80% of companies are forecasting an increase in the volume of payments processed through accounts payable systems and 75% expect an increase in the number of invoices handled via their accounts ...

With invoice processing being one of the most document-heavy functions in business, it’s no surprise that organizations worldwide are planning to automate their accounts payable in 2023, according to ...

Celonis, which makes process mining software, has debuted a new suite of operational software including for accounts payable. The software is powered by artificial intelligence. Celonis Operational ...

Integration is part of evolution. Whether it’s personal or business, the ability to incorporate various parts into a functioning whole is key to progress and innovation. Integrating new accounts ...

GUEST OPINION: Generative artificial intelligence (GenAI) is the new watchword dominating business discussions, and organisations are evaluating how to best leverage artificial intelligence (AI) ...

Accounts payable (AP) refers to the amount of money a business owes to its suppliers or vendors for goods or services received but not yet paid for. These are short-term liabilities that need to be ...