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Accounts Payable

What is OCR Invoice Processing and How Does It Work?

When it comes to automating your accounts payable workflow, AP software solutions share similar capabilities such as tax form processing, electronic payments transfers, and...

Accounts Receivable

What is Cash Posting? Process, Importance, and Best Practices

Cash posting is a fundamental process in accounting and finance that involves recording incoming payments, matching them to the corresponding invoices, and syncing them...

Travel & Expense

Understanding Expense Claim: The Ultimate Guide

For businesses with employees who frequently travel or incur expenses, having a well-defined expense policy is crucial. This policy outlines what expenses can be...

Finance

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Latest Post

Peakflo news -BF Borgers

BF Borgers Named “Sham Audit Mill” by SEC

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Accountability and integrity - the two pillars of audit practices. Unfortunately, scandals do arise, shaking the...
tesco scandal

Tesco Accounting Scandal: Overstating Profits by £326 Million

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In 2014, one of the UK's largest retailers, Tesco, shocked the business world by overstating...
Episode 1 of The Peakflo Finance News

Barclays Capital Lost Millions Due to an Excel Error

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Spreadsheets have played a crucial role in business operations worldwide. Today, an estimated 81% of businesses...
cash posting

What is Cash Posting? Process, Importance, and Best Practices

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Cash posting is a fundamental process in accounting and finance that involves recording incoming payments,...
split payments

Split Payment: Streamlining Transactions for Marketplaces

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In the world of e-commerce, marketplaces are thriving, offering a diverse range of products and...
unapplied payment

Unapplied Payments: What They Are and How to Manage Them

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Unapplied payments can be a headache for businesses. These are payments that have been received...
cash application automation

Propel Your Finance Functions with Cash Application Automation

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Managing the accounts receivable process is a critical function for any organization, and cash application...
accounting technology

What is the Role of Technology in Accounting?

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In recent years, the finance and accounting profession has experienced significant technological advancements. Innovations such...

What Is a General Ledger(GL)? – A Complete Guide

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The general ledger is crucial for a company's accounting, as it records and categorizes financial...
accounting cycle

What is the Accounting Cycle? 8 Steps Explained

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In the world of financial management, the accounting cycle plays a critical role as a...