Accounts Payable

accounting software for nonprofits

12 min read

Top 5 Accounting Systems for Nonprofits

Our list of the best nonprofit accounting software, chosen for their features, usability, and reputations.

Marta Holyk
Marta Holyk
Procurement Basics
Understanding Invoice Tracking [+ Free Template]

9 min read

Understanding Invoice Tracking [+ Free Template]

Learn invoice tracking tips, key benefits, software selection criteria, and get access to a free invoice tracking template.

Marta Holyk
Marta Holyk
Procurement Basics
automated invoice processing

9 min read

Automated Invoice Processing with OCR: How It Works and Why Use It

Discover the fundamentals of automated invoice processing with OCR: how the combo works, what advantages it offers, and solutions for AP challenges.

Tetiana Katrych
Tetiana Katrych
Procurement Basics
open invoice

9 min read

Open Invoice: Everything You Need to Know

As a business owner, an accountant, an employee of the finance department, or even a salesperson negotiating the contracts, you will eventually come across the term “open invoice.” This is true whether you are part of the buying company or the vendor.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
purchase order vs invoice

12 min read

Purchase Order vs. Invoice: Do You Need Both?

While some companies choose not to create POs for invoices, studies show this approach comes with considerable downsides.

Marta Holyk
Marta Holyk
Procurement Basics
generally accepted accounting principles

13 min read

GAAP for Accounts Payable: What It Is and Why It's Important

What are the Generally Accepted Accounting Principles and how can they increase transparency in the AP process? Explore the importance and fundamental rules of GAAP.

Marta Holyk
Marta Holyk
Procurement Basics
precoro ocr

4 min read

Precoro is working on OCR for faster and improved invoice processing

[Currently in Beta] OCR technology in Precoro delivers simplicity and accuracy to your invoice management. With OCR, you'll replace manual data entry and save tons of time on document processing.

Maryna Marochko
Maryna Marochko
Product Updates
invoice approval

9 min read

How to Create an Invoice Approval Workflow: A Guide

Check out this complete guide on invoice approval workflow to learn more about the process, AP's best tips and tricks, and how manual workflow differs from automated.

Tetiana Katrych
Tetiana Katrych
Procurement Basics