Topics: accounting strategies, accounting
Many businesses start with rather haphazard accounting practices, especially when it comes to accounts payable and accounts receivable. If books are maintained at all, odds are good the business is using the cash basis accounting practices, instead of the accrual method. And this can wreak havoc on accounts payable reports, especially as a business grows to a firm with annual revenue in the millions. How can you improve your accounting department's accounts payable procedures to make them more efficient?
Topics: outsourced accounting, accounting, small business, analytics
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