Tag: missed payments
Bank Reconciliation vs Book Reconciliation: Key Differences
Bank Reconciliation Vs. Book ReconciliationIn accounting and financial management, we encounter the terms "Book Reconciliation" and "Bank Reconciliation". These terms are often used...
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What is bank reconciliation? Definition, examples, and process
Bank Reconciliation is the process of matching the company's cash books to the bank statement. The aim is to ensure all transactions are accurately...
Why Is Bank Reconciliation important in accounting?
Bank Reconciliation is the process of matching the company's cash balance to the bank statement. The aim is to ensure all transactions, like customer...
Understanding Trade Payables: Definition and Examples
Trade payables are a critical aspect of financial management for businesses, impacting cash flow and vendor relationships. They refer to the amount owed by a company to its...
Simplifying the settlement of invoices: A practical guide
Settlement of invoices isn’t simply about paying off a bill. It's a process that ensures every payment, adjustment, or write-off tied to an invoice...
Paperless accounts payable: An implementation guide
Switching to paperless accounts payable is intimidating. It often means digitizing years of data, training your staff, and shifting your workflows. However, this change can yield...
A deep dive on the benefits of Variable Recurring Payments
Variable Recurring Payments (VRPs), or Dynamic Recurring Payments (DRPs) as they’re commonly known in continental Europe, represent a promising payments innovation and are poised...
Boosting revenue through modernized customer payments
Speed and convenience are the name of the game in the consumer checkout experience. However, a checkout experience can quickly turn sour when...
Mastering the Basics: How to Do Accounts Receivable
Accounts receivable is a crucial aspect of financial management for businesses, and understanding how to effectively manage it is essential for maintaining a healthy cash...
Understanding Trade Payables: A Complete Guide for Businesses
Trade payables are a critical aspect of financial management for businesses, impacting cash flow and vendor relationships. They refer to the amount owed by a company to its...
Fintech Basics: What is Buy Now Pay Later (BNPL) ? – Fintech Singapore
Ever wondered what is buy now pay later? Imagine walking into a store, picking up a gadget or designer outfit you’ve been eyeing, and...
Fintech Basics: What is Buy Now Pay Later (BNPL) ? – Fintech Singapore
Ever wondered what is buy now pay later? Imagine walking into a store, picking up a gadget or designer outfit you’ve been eyeing, and...
AI invoice processing: How to leverage AI in AP Automation
AI invoice processing is no longer a sci-fi dream but a present reality reshaping the way businesses manage their accounts payable (AP). The rapid...
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