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Finance Tasks You Should Automate to Improve Business Productivity

Finance Tasks You Should Automate to Improve Business Productivity Many small-to-medium sized businesses are still trapped in the old way of doing finance tasks manually,...

Finance

What Is ACH Credit: How It Works [Pros and Cons]

ACH credit is one type of Automated Clearing House transaction. The Automated Clearing House (ACH) is an electronic network that facilitates the processing of...

How to Organize Receipts and Stay On Top of Record-Keeping

As a business owner, filing receipts of your expenses and financial records is crucial for effective financial management. If not, you will face some...

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Peakflo receives the โ€œUsers Love Usโ€ badge from G2!

Peakflo receives the โ€œUsers Love Usโ€ badge from G2! Peakflo is thrilled to grow together with our customers. That's why we're so proud to have...

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Approval process featured image

What Is an Approval Matrix and How to Automate It

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All transactions in a business require approvals. However, a lot of companies are having a...
Telegraphic Transfer

Telegraphic Transfer (TT): Definition & How It’s Processed

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Nowadays, international money transfers have become more and more important in the global economy. One...
ACH credit

What Is ACH Credit: How It Works [Pros and Cons]

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ACH credit is one type of Automated Clearing House transaction. The Automated Clearing House (ACH)...
Organize receipts

How to Organize Receipts and Stay On Top of Record-Keeping

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As a business owner, filing receipts of your expenses and financial records is crucial for...
Bank draft

What Is a Bank Draft? How It Works + Examples

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Bank drafts are frequently used in the financial industry for secure and verified high-value transactions....
Positive Pay

Positive Pay: What It Is and How to Avoid Payment Fraud

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Payment fraud is a threatening issue for any type or size of business as it...
Audit trail

What Is an Audit Trail and Its Importance for Business

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For finance teams and managers, keeping precise accounts of financial transactions is vital, and this...
Taxation

Taxpayer Identification Number (TIN) in the US: What Businesses Should Know โ€‹

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Having a taxpayer identification number (TIN) U.S. is essential for residents, businesses, and other entities....
vendor reconciliation

Vendor Reconciliation: A Finance Guide + the Full Process

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Account reconciliation, such as vendor reconciliation or business-specific reconciliation, is a process of comparing your...
Accounts Receivable Turnover Ratio

Accounts Receivable Turnover Ratio: Definition and Formula

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The Accounts Receivable (AR) Turnover Ratio is a financial metric that measures the efficiency of...