Accounting Tools

NOVEMBER 1, 2023

Realistically, there are only a few areas to which the accounting conservatism concept can be applied, since the bulk of all transactions are relatively routine, involving standardized accounting processes such as accounts payable , accounts receivable , and payroll.

Financial Statements 40

Financial Statements Accounting Accounting Bookkeeping 40

Accounting Tools

DECEMBER 23, 2023

Debit to expense, credit to accounts payable. Reflects a payment not involving trade payables , such as the interest payment on a loan, or an accrued expense. Examples of operating expenses are the cost of goods sold and marketing expenses, while examples of non-operating expenses are interest expense and lawsuit losses.

Accruals 75

Accruals Bookkeeping Accounts Payable Accounts Payable 75

Accounting Tools

SEPTEMBER 22, 2023

Related Courses Accountants' Guidebook GAAP Guidebook How to Audit Liabilities A liability is a a legally binding obligation payable to another entity. Examples of Liabilities Examples of liabilities are accounts payable , accrued liabilities , accrued wages , deferred revenue , interest payable , and sales taxes payable.

Accounting 40

Accounting Accounting Accounts Payable Accounts Payable 40

Accounting Tools

AUGUST 5, 2023

Examples of cash inflows from operating activities are cash receipts from the sale of goods or services, accounts receivable , lawsuit settlements, normal insurance settlements, and supplier refunds.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Financial Statements 40

Accounting Tools

JUNE 19, 2023

However, there may also be hidden reasons, such as the expectation of a lawsuit or a downward trend in the company’s prospects, that are really driving the sale. They may include potentially adverse outcomes of lawsuits, guarantees on behalf of third parties, self-insurance, and contingent fees. If so, at what price and by what date?

Financial Statements 73

Financial Statements Auditing Tax Accounts Payable 73

AvidXchange

FEBRUARY 9, 2024

With all the buzz surrounding artificial intelligence (AI), many accounts payable (AP) professionals are wondering how to use AI in accounting and finance. We’re going to talk a little bit about the headline is there’s rise of lawsuits. So let’s talk about how artificial intelligence revolutionizes accounts payable.

Accounting 52

Accounting Accounting Accounts Payable Accounts Payable 52

AvidXchange

FEBRUARY 9, 2022

The pandemic fundamentally shook accounts payable (AP) departments in real estate — forcing remote work and, in turn, accelerating the adoption of AP automation. As teams digitize accounts payables, they can better analyze spend and more accurately budget and forecast for the future. Download the report and get a jump on the new year.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52