What Is Automated Invoice Processing and How Does It Work?
End manual data entry. Implement automated invoice processing to simplify three-way matching, streamline approvals, and optimise your cash flow today.
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Payment Gateway vs. Payment Processor: Which One Do You Need?
If you want to accept online payments, Two important terms you’ll encounter early are “payment gateway” and “payment processor.” This comparison, often framed as payment gateway vs. payment processor, is key to setting up the right system for your business. They sound similar, and they work together, but they are not the same. Understanding their
How Credit and Debit Card Payments Are Processed Online
Online payments have changed how we buy and sell. From booking travel to paying for groceries, it’s now second nature to use a credit or debit card online. Whether you're using a Visa, Mastercard, or another provider, debit and credit card payments are now a core part of everyday transactions. But what happens behind the scenes when you click "pay
Secure Payment Processing Solutions for Enterprises
In today’s digital economy, enterprises cannot afford to take chances with online transactions. Customers expect their information to be protected, and businesses are under pressure to comply with regulations, prevent fraud, and deliver seamless experiences. This is where secure payment processing becomes essential. If you're running a company
The Most Common Payment Terms in Business Explained
When you’re running a business, getting paid isn’t just a goal; it’s a necessity. And to make that happen smoothly, you need to be clear about payment terms.
A Beginner’s Guide to Understanding Payment Vouchers
If you've ever handled business expenses, you've probably come across the term "payment voucher." But what is a payment voucher, and why is it important? This guide is designed to help beginners understand payment vouchers, their purpose, and how they relate to payment terms and conditions. By the end, you'll know how to prepare payment voucher
A Complete Guide to Paying and Receiving Invoices
Look, nobody wakes up excited about invoices. But if you run a business or work as a freelancer, you're going to deal with them whether you like it or not. The good news? Once you know what you're doing, invoices become just another part of your routine. No more stress about whether you'll get paid or confusion about how to pay someone else.
Accounts Payable vs. Receivable: What’s the Difference?
If you've ever glanced at a business’s financials and seen terms like accounts payable and accounts receivable, you might’ve wondered, what do they actually mean? Even people who run small businesses can get these two mixed up. But understanding them is important because these accounts are the backbone of how cash flows in and out of a business.
Variable Cost vs. Fixed Cost: What's the Difference?
Understanding business costs is essential for making sound financial decisions. Whether you're launching a startup or running an established company, knowing the difference between fixed costs and variable costs can help you plan, budget, and grow sustainably.
8 Mistakes to Avoid When Preparing Financial Statements
Company financial statements do more than just report numbers. They tell a story about your business’s financial health, growth, and stability. Getting the story wrong can lead to missed opportunities, poor decisions, and legal issues. Many business owners and accountants search for clarity on how to make financial statements or how to prepare a
The Comparison Between Cash Flow and Income Statement
Most people think profit equals cash. It doesn't. This common misunderstanding can lead to poor decisions. Businesses that seem profitable can actually run out of money. That’s why we need to understand cash flow vs the income statement.
