Accountants record closing entries at the end of every accounting period. Closing entries transfer the revenues and expenses the company incurred during the period to the equity section of the balance ...

Accounts payable are debts you incur based on your credit. Suppliers may offer you a discount for paying early or within terms. For example, a vendor might allow you 30 days to pay the invoice in full ...

Brian Beers is a digital editor, writer, Emmy-nominated producer, and content expert with 15+ years of experience writing about corporate finance & accounting, fundamental analysis, and investing.

As with any other area of your business, you need to measure the performance of your accounts payable function. Why? Because automating accounts payable is a task that touches many aspects of a ...

When you look at a company’s financial statements, you see a snapshot of its performance – sales figures, profit margins, and a long list of assets and liabilities. But how do you know if a company is ...