It is important to want to improve AP efficiency, but first you need to observe and identify the relevant factors that influence the department's processes. There are three fundamental steps when putting AP processes under the microscope: Infographic...
In Accounts Payable, the traditional distinction between invoices with and without orders in relation to invoice types is evident both in the processing (different types of tasks) and in the accounting impact of invoice registration. Invoice types...
The company's Purchasing Management and AP departments have developed separately, even using different indicators that sometimes conflict with each other. In general, it seems that each one relates to a different part of the business. And that's something that...
Historically, in the process of accounting for supplier invoices, the only time variable considered has been the payment date. Provided that the tasks of accounting for and recording invoices are completed before the due date, normally 30 or 60 days...
The task of managing employee expenses in a company can be complex and quite arbitrary depending on the person who has to coordinate the process. For employees, it is often cumbersome, and they often delay in preparing their expense reports, or fail to do so altogether.
In January 2014, a directive was approved with the aim of standardizing electronic invoicing in public procurement in member states. According to this directive, a standard will be established for electronic invoicing by...
