According to Survey of Accounting, accounting uses a double-entry system, which is shown as a T. The left side of the T has debits and the right side has credits. Journals use the double-entry ...

On financial statements, your business income and your cash are not the same things. On the company income statement, accounts payable – the bills you haven't paid yet – is a negative entry, ...

The key roles of procurement and finance departments are changing, morphing into a new, more integrated process. Not everybody is happy about the merging functions, but I think it's strange that ...

Centrally processed in Accounts Payable. The PO number needs to be typed/written directly on the invoice prior to submission. All PO numbers begin with either 450 or 600. Click to submit invoices ...

When you look at a company’s financial statements, you see a snapshot of its performance – sales figures, profit margins, and a long list of assets and liabilities. But how do you know if a company is ...

The Financial Operations Policies and Procedures website hosts detailed guidance on policies and processes related to Accounts Payable services. For assistance in determining payment methods see the ...