Accounts Payable

gl codes in expense tracking

GL Codes in Expense Tracking: Importance, Examples, and Best Practices

GL codes help businesses accurately track every transaction and ensure error-free reports. Learn how to use them for efficient expense management.

Marta Holyk
Marta Holyk
Procurement Basics
e-invoicing software

E-Invoicing Software Solutions and Tips on How to Select the Best One

E-invoicing is a cost-efficient and time-saving alternative to the manual process. Discover benefits and tips for implementation.

Marta Holyk
Marta Holyk
Procurement Basics
accounting software for nonprofits

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]

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

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

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

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

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