The Spend Culture Blog

Reversing entries exist to ensure you don’t have duplicate entries for your expense and revenue transactions, which are the greatest indicators of your business’ … 5 Things to Know About Reversing Entries

One of the best ways for personnel in accounts payable to verify a payment is with a three-way matching (3-way matching) system. Three-way refers … What is Three Way Matching and Why is it Important for Your Accounts Payable Team?

Purchase orders aren’t just for big corporations. Whether you’re a small startup, a mid-sized company, or a large enterprise, the way you manage company orders can make or break your financial clarity. This article explains how purchase orders work at every stage of growth, why they matter, and the risks of operating without them — helping businesses of all sizes build stronger, smarter procurement practices.

Think of your budget as a flight plan for your company. A properly completed budget will go a long way towards ensuring a smooth … Worst Case Scenario: What Happens When Your Budgeting Goes Wrong?

Often the unsung hero of your business, a good operations manager can have a huge effect on your company when it comes reducing costs … Budgeting lessons: 5 Things to Learn from Operations Managers

Everyone knows that there’s no such thing as a normal nine-to-five shift. Regardless of how your day is mapped, chances are that something is … Simplify Your Business in 6 Steps

Organizations with a lean-and-mean approach to business realize that cutting down on internal waste is almost as important as cultivating a healthy revenue stream. … 6 Ways to Streamline and Reduce Waste

In simpler times, all a company had to do was ensure its revenue streams were consistent and success would follow. But with the economy … 9 Common Causes of Workplace Waste

Despite their abilities to lead, communicate, and delegate, even the most successful managers in the world can benefit from incorporating new tools and technologies … 10 Tools Highly Effective Managers Use

Being a manager might be a goal many of us aspire to, but with such a title comes the significant responsibility of running a … How to Encourage Your Team to Work Smarter, Not Harder

Although the history of procurement is spotty at best, procurement practices have existed for thousands of years. It’s evolved from a function of subordinates … A Brief History of Procurement: Key Points From Past and Present

An ideal set of procurement best practices can lower labor and material costs to boost the well-being of any business, so companies should keep … 3 Ways to Embrace Today’s Procurement Best Practices