Author: The Institute of Finance and Management

One of the most important contributions accounts payable (AP) can make to an organization directly affects the bottom line — capturing early payment discounts. After procurement has negotiated with vendors to obtain the best possible discounts, the responsibility shifts to…

Many businesses utilize the accrual basis of accounting rather than cash accounting, and for good reason. It’s considered a best practice, providing a better overall picture of a company’s financial well-being. But how easy is it to focus on the…