Though online portals are intended to simplify invoice and payment processes, they may actually be spurring problems that impact your A/R and A/P teams.
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Finance teams can expect the slew of local sales tax rate increases that have occurred recently to keep pace for the rest of 2020.
Time really flies when your finance department is busy charging, collecting and paying more sales tax, thanks to legislative changes.
If you have any smaller businesses in your customer base, you’ll want to check out some new cash flow benchmarks. And they come courtesy of a recent survey on cash reserves of firms with 100 employees or fewer by Expertise.com Small businesses were asked last month about their present cash reserves in the midst of […]
Your finance department probably has some trading partners that are fairly hands-off … and others that require more attention from A/P and A/R.
Take a look at those agings reports – you should be seeing the number of past-dues going down. Small businesses delinquency rates have dropped across several key buckets in recent months.
Ensuring sales and use tax accuracy is a job that generally falls to your finance team. And it’s a high-pressure job at that.
Right now, there’s a notable sales tax trend sweeping through states. And if your company hasn’t been impacted yet, it will be soon.
Your finance staffers watch for duplicates and other payment slip-ups all year long. But why should they be especially cautious this month?