Your company needs funding to grow, and this funding is known as capital. Your company can generate capital internally through profits which, when reinvested, become retained earnings. When your ...

Set up an accounts payable process to ensure vendors are paid on time, reduce duplicate payments, and maintain accurate financial records for your business.

Increasing accounts payable can boost a company's cash flow by delaying payments. Higher accounts receivable can reduce cash flow since it involves waiting for customer payments. Review the statement ...

When preparing an invoice for a client, in some cases you must charge sales tax. To calculate the sales tax due, you first have to gather information from the state's finance bureau and carefully ...

Accounts payable is the term used to describe the unpaid bills of a business; the money owed to suppliers and other creditors. The sum of the amounts owed to suppliers is listed as a current liability ...