An efficient accounts payable (AP) process is a necessity for any business as it ensures that vendors and suppliers are paid on time and reduces waste by eliminating late fees and duplicate payments.

The auditing procedures for accounts payable for a nonprofit are similar to those for a for-profit enterprise. Auditors check to make sure that a nonprofit's accounts payable meets generally accepted ...

Keeping track of the money your business owes its suppliers and vendors is crucial to its financial health and long-term viability. That’s why all businesses need an accounts payable reporting process ...