Accrued Expenses & Accounts Payable: What’s the Difference?
Expenses are a natural part of every business. Your business’s expenses must be properly tracked and recorded to achieve success and keep your business operational. Although all expenses are considered a liability, there are vital differences between accrued expenses and accounts payable. Accrued Expenses Accrued expenses are debts your company owes for services or goods […]
How the Accounts Payable Process Work?
The accounts payable process is a key part of any successful business. It ensures that the business meets its financial obligations in full and on time. The AP team must also find creative solutions for instances when cash is low to meet these needs. Understanding the accounts payable process steps makes it easier for you […]
