Discover the importance of a chart of accounts in business accounting. Dive deep into assets, liabilities, revenue, and expenses to keep records accurate and make informed financial decisions. Learn how Procurify can streamline your accounting process.
Working in a remote or hybrid environment has become the new normal for many mission-driven organizations. For most finance people, that’s easier said than … The Month-End Close Process: Everything You Need to Know
According to Accenture, virtual card spend is projected to grow to a whopping US$355 billion by the end of 2022, up from $136 billion … Online Bill Payments: Why They’re Important and How They Work
An audit trail helps your organization in many ways. They strengthen your internal processes, improve the tracking and safekeeping of your financial data, and … Audit Trail: Everything You Need To Know
Finance teams everywhere are responsible for accounts payable, and a large part of their role is to pay debts off on time, every time. … Everything You Need To Know About Accounts Payable
Procurement professionals need to know three things when they start working in this industry: how to use their laptop, when to take breaks, and … 4 Accounts Payable Basics You’re Forgetting
The general ledger has been a cornerstone of good accounting since the dawn of time. Prior to digitization, accountants would literally ‘keep the books’ … General Ledger Accounting: What Is It and How Does It Affect Reporting?
If you haven’t already automated your accounts payable (AP) processes, you’re missing out. According to The Aberdeen Group, accounts payable automation translates to approximately … 10 Reasons to Automate Your Accounts Payable Processes
One of the most consistent problems faced by accounting teams is the loss of crucial accounting paperwork, right when it’s needed most. For many … Accounting Paperwork 101: The Business Impact of Lost Documents
We surveyed a number of industry-leading CFOs and asked what digital tools they recommend for finance and operations teams to help them make accounting … 20 Digital Tools for Finance and Operations Teams
There’s often a lot of confusion that comes with accounts receivable vs accounts payable. While these two accounting practices are extremely similar, there are … Accounts Receivable vs. Accounts Payable: Two Sides of the Same Coin
What is the “New Normal” for Finance and Operations Teams? As the COVID-19 pandemic continues, organizations and business leaders continue to strategize on how … The New Normal for Finance and Operations Teams