Accounts Payable Manager Job Description: Leadership, Strategy & KPIs [+ Template for Teams]
“Our goal now is to be the best role models we can be, so we pull through the best people in the future too,” says Mark Fritz, the MD of Procedor Limited and a leader in the accounting industry, in the Accounting Influencers podcast with Rob Brown. In the context of how leadership is evolving […]
A Comprehensive Checklist for Effective Accounts Receivable
A report says that about 4,00,000 businesses open each year, but shut down within 5 years. 82% of businesses claim cash flow as the top issue for their failure. For accounting firms, especially the small ones, the balancing act of keeping track of the cash flow, streamlining, and ensuring that it is all happening on […]
Efficient AR Reporting With Outsourcing
For any accounting firm, accounts receivable is one of the biggest assets on the balance sheet. Think about it for a moment. Whether you are a small, medium, or large firm, a steady cash flow is a need everywhere. For most businesses, they do not have a streamlined process to collect the credit when due. […]
How To Take The Stress Away For Late Payments In Accounts Receivable With Outsourcing?
Accounts Receivable is not only a business process, it is a way of ensuring steady cash flow within a business. Across all industries, the need to ensure that you keep track of the money you are about to receive and receive in due time is key to the success of the business. So what is […]
Smart Cash Flow Management Reporting Tips, Ideas, and Tools for CPAs
Intuition is not what should lead a business; it is data that should be taken in the highest regard, especially when it is about money. A recent study shows that businesses that are led by data are 23 times more likely to gain customers and 19 times more profitable than businesses that rely on their […]
Accounts Payable Guide for CFOs to Maximise Performance
As a Chief Financial Officer (CFO), you most certainly understand the critical role that the Accounts Payable (AP) function plays in the smooth operation of your business. However, if you were to suggest to the members of your organization about its importance, they might not agree with you. In fact, it is one of the […]
Are You Struggling With Efficient Collection Process? It’s Time to Look Deeper (AR)
Businesses cannot afford to let their existing capital go to waste. The cost of new capital and the stakes of losing the existing one are too high. It is often difficult for businesses to realize how much of the cash is trapped within their balance sheets. Optimizing the working capital and freeing the pinned cash […]