An accounts payable audit is a powerful way of trawling your accounts and finding errors over the previous few years that have resulted in you being owed money. One of the worst of the issues it is good at showing up is that of duplicate payments: where someone raises the same payment details twice, whether […]
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Back in the good times it was easy to be a little lax about accounting and cash flow. Confidence was good, credit was cheap, business was easy. But then everything changed and even those companies that were strong on paper found it tricky to get a loan, and as the climate changed many found themselves […] Bacs software is a form of payment and documentation software which automates the paying and claiming of direct debits and direct credits across the entire financial sector. Any business receiving or paying direct debits or direct credits in the UK has to make sure that it has the capacity to receive Bacs payments, in order […] Bacs, if the term is alien, stands for Bankers’ Automated Clearing Services. If these words still sound like gobbledegook, bacs payments basically allow people with bank accounts to make and receive payments and transfers very efficiently, and without paperwork. Nowadays bacs software allows employers to get money to their employees’ bank accounts almost instantly, with […] The priority of most companies is far more than merely financial. Obviously, commercial success will boost the expansion of any enterprise but it is rarely the sole aim of a business’s founders. Rather, the majority of entrepreneurs would rather their finances took care of themselves while they concentrated on the more exhilarating tasks of designing […] An accounts payable audit is a process that seeks to uncover any errors that occur within your accounts payable department. These can arise for a variety of reasons, but the nature of them is that they usually go unnoticed. The larger your company and the higher the number of supplier invoices you process, the worse […] It is a typical issue in most modern organisations, however large and successful they are – keeping control over financial transactions can present real difficulties. In order to pass audits and ensure cost effectiveness, it is very important that businesses can make payments securely and track the payments they collect. It is often the case […] |
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