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Supplier statement reconciliation is a vital part of any Accounts Payable team. A supplier statement reconciliation process allows AP teams to ensure ledgers are balanced accurately. This means working closely with suppliers to ensure that invoices and credit notes on their statements match with the transactions...

Accounts payable (AP) functions are some of the most transactionintensive environments within a medium to large scale business. Endlessemails, faxes, and piles of post, come into the AP function on a dailybasis. The amount of incoming paper is thankfully starting to decrease;however many AP teams will...

For Accounts Payable teams, ensuring that ledgers are up to date and accurate is a critical part of offering a professional service to clients. A supplier statement reconciliation, or vendor statement reconciliation, is the process Accounts Payable’s use to reconcile a supplier’s balance via an accounts...