The Ultimate Guide to Building a Good AP Audit Trail

They are essential for maintaining financial integrity and improving AP processes within any company. It helps auditors identify errors or discrepancies early, which ultimately saves both time and resources. Conducting an normal balance accounts payable audit can be a...

The Accounting Equation, Explained

This shows all company assets are acquired by either debt or equity financing. For example, when a company is started, its assets are first purchased with either cash the company received from loans or cash the company received from investors. Thus, all of the...