Essential Steps for Forecasting Accounts Receivable
Accounts receivable is the lifeblood of a business’s cash flow. According to Forbes, 39% of all the invoices sent are paid late in the United States. Without a proper accounts receivable process in place, business owners will be repeatedly facing cash flow...
What is Cash Reconciliation in Accounting?
According to NetSuite, accounting errors can undermine a company’s credibility. Accounting is an important aspect of a company’s financial success, and it can directly affect the operations of the company. Cash reconciliation is one of the important steps that should...
Why Should Small Businesses Outsource Accounts Payable?
Even smaller error rates in accounts payable can lead to substantial financial losses for businesses, emphasizing the importance of accurate and efficient accounts payable. According to a study by Deloitte, the payment error rate in most enterprises is typically...
Top Accounts Receivable Outsourcing Trends to Watch in 2024
Accounts receivable represent the upcoming revenue of your business. It is a promise of payment from a customer for a transaction that has already occurred. It plays a significant role in every business’ financial management. Many businesses outsource these tasks to a...
Recent Comments