#Types of Accounts Payable

[accountingblogsstuff]

What Are the 4 Functions of Accounts Payable?

Discover the core responsibilities of the Accounts Payable department in any business. This informative article by SAS KPO explains the four essential functions—invoice processing, payment scheduling, vendor management, and record keeping. A must-read for accountants, finance professionals, and business owners looking to streamline their financial operations. Visit: https://saskpo.co.uk/4-functions-of-accounts-payable/

[lynne-monstr]

I've talked about this before but I think it's worth reiterating that when it comes to my career, I don't have a passion. I never have. there isn't anything I love so much that I want to do it for a living. and I suspect that even if there was, all the other things around making a living off my passion would quickly turn it from something I love into something I hate.

my goal for a career is to do something I don't completely hate and that will fund a comfortable lifestyle.

when it was time to choose a career, i researched starting and average salaries for various options and ultimately chose computer science because (though I wouldn't call myself passionate about it) I was that kid in the 90s who had a secondhand computer in my bedroom because I thought it was cool and enjoyed learning how to use it. (I still fondly remember my dad teaching me how to install programs from the floppy disk using the dos command line). it's not a passion but it's something I have an interest in.

anyway it's mission accomplished because I have a job that pays the bills and leaves a bit leftover for savings and fun.

if you have a passion that's great but I will always be screaming from the rooftops that it's not required. I don't want to follow my passion. I want to get paid.

[fuckitydoodah]

An invoice includes a description of the goods/services rendered and the amount they will cost. A receipt includes these things AND an indication of the amount and method of payment, and you would THINK THAT BUSINESSES WOULD KNOW THAT

[2dmax]

2dmax 🌻🥀 custom art commissions

PWYW & chibi special for Fall-Winter 2024

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thanks for reblogging!

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Revisions, major or minor, are up to the artist's discretion

Presence of background, scene, props, up to artist's discretion

Characters/outfits/props may be simplified or slightly altered

full size art examples -- other commission types

For reference sheets, group lineups, 18"x24" posters, paperclay dolls, or comic book pages, please see "other commission types".

$10 Sorta Retro Chibis 🎨

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This post is LIVE from Sept 15th 2024 - January 1st 2025, with a possible slight extension.

-max k.

[luci-in-trenchcoats]

The Dark Lord (Part 2)

Summary: The reader's been tasked with devising a way of getting Sam out from under the grasp of Demon King Crowley by The Dark Lord. But Dean isn't exactly what the world thinks he is and his hiring of the reader might not be so simple...

Part 1

Pairing: Dark Lord!Dean x employee!reader

Word Count: 4,200ish

Warnings: language, curses

A/N: Welcome back to this one! There's so much going on in this part that will fill in some gaps. I'm keeping this a two parter mini-series for now but maybe someday there could be more. Please enjoy!

_______

Dean POV

“Why hello, Lord Winchester,” said Donna with a bow and shit eating grinning. I narrowed my eyes as she shut the door to my office. “However may I serve you today oh fearsome one?”

“Fuck off,” I said with a smile, flipping her the bird. She still wore a giddy smile, sliding into the chair opposite my desk. “I believe it was security that came up with the Protocol for when we have a new employee, hm?”

“If I have to call you Lord one more time, I’m jumping off the terrace,” she said, crossing her legs and pulling her laptop from her bag. “Besides, that protocol isn’t a hard and fast rule. She’s not a spy.”

“She could be.” Donna rolled her eyes, clacking away at the keys. “She was stealing from me so she’s not so innocent.”

She scoffed. “She stole some fucking asthma medication for her kid brother cause she got canned from her old job so she lost her health insurance, all because she wouldn’t sleep with her scumbag ex-boss. Yeah. She’s a real hard ass.”

“Did you do what I asked?” I tilted my head, Donna sighing. “I’m not going to kill him. Just ruin his life.”

“An anonymous tip will go out to authorities next week,” she said. “Wasn’t exactly hard to find the tax fraud and payoffs.”

“As I expected. So, how’s she doing?” Donna shrugged, typing again. “Come on. She barely talks to me.”

“Yeah, cause you scared the shit out of her. She’s freaking out trying to come up with a plan to get into Crowley’s place.” I breathed deeply. “Isn’t she moving in today? Why don’t you go drop the charade and help her.”

I pursed my lips, eyes darting to the window. “She only got caught at the warehouse because one of the guards twisted his ankle in the parking lot and she went to help him. We wouldn’t have seen her at all which means that girl is hiding something.”

“Magic,” said Donna. I hummed, a bird flapping by. “There isn’t any in her bloodline from what we saw.”

“Do you remember why everyone calls me the Dark Lord?” I asked. Donna’s lips parted, her gaze averting. “There’s ways of having magic without being born with it and we both know it.”

“Can…can you do what she did? Sneak in and out of places without being seen?” I shook my head, Donna closing her computer, narrowing her eyes. “Oh, Dean.”

I turned my attention back to her, Donna frowning. “What?”

“You want her to sneak in and get Sam, don’t you? You’re going to risk some poor woman that worked in accounts payable her whole life just so-” I held up a hand, Donna still pouting.

“I want her to teach me how to do that. However she got in, I need to understand it and once I do, I alone will get Sam back.”

“How do you know you can do what she did?” Donna asked. I frowned, standing up. “Dean.”

“I just do, okay? I need to go. Can you handle the latest shipments?” She nodded, her eyes far too concerned. I tried to smile but it came out flat. “Just…trust that I know what I’m doing?”

“Don’t do anything stupid,” she said. 

I gave her a curt nod before I was gone, swallowing thickly as I walked the halls towards the far end of the grounds where personal quarters were.

Nothing stupid. Right.

Y/N POV

“Careful!” you said as Kyle rushed around your new townhouse that afternoon. It was modern, yet cozy, warm and inviting. It was by far the nicest place either of you had ever lived. Coming fully furnished didn’t hurt either.

A knock at the door made you jump, Kyle rushing past you to open it. “Kyle-”

He ripped it open, Dean standing there dressed in a red flannel and dark wash jeans. 

“Hello, I’m Dean,” he said, Kyle holding out a hand.

“Kyle Y/L/N,” he said back, Dean smiling as he shook it, his gaze oh so briefly finding yours in the background and god, your heart leapt at the sight. That man was hot when he was brooding but he looked downright sinful when he was grinning ear to ear.

“Allow me to properly introduce myself then. Dean Winchester although you probably know me in town as The Dark Lord.” Kyle dropped it immediately, Dean clasping his hands behind his back. “Really? Do I seem that scary?”

“Y/N says not to talk to strangers.” 

And he proceeded to shut the door in Dean’s face.

 “Kyle! That’s my boss!” You rushed over and ripped the door open, Dean chuckling when you did so. “I am so sorry.”

“It’s alright,” said Dean, Kyle tucked away behind your back now. He peered around you, giving Kyle a small wave. “That is good advice your sister gave you about strangers. You know, I wish I had a big sister when I was growing up. My life would have turned out very differently if I had someone watching my back.”

“Don’t you like being The Dark Lord?” he asked, coming around your side. You nodded and let Dean inside. He took a few steps before squatting down, letting Kyle tower over him. Dean tilted his head, looking boyish for a moment.

“Not really,” said Dean, Kyle’s eyes going wide. You kept your face expressionless but were surprised by that admission. “Outside this place, people think I’m the bad guy. I’m sure you’ve heard all the stories about how I’m a monster in a skull mask and cloak, running around killing anything that moves.”

Kyle nodded, Dean resting his elbows against his knees, sinking back into his heels.

“I used to live in town with my parents and brother. We were normal. We didn’t even have any magic in our family. When I was four though, a bad man came to my house.” Dean’s gaze fell down to the hardwoods, his jaw twitching. “He hurt my mom and tried to hurt my brother who was only a baby. It was King Crowley.”

“What happened?” he asked. Dean looked up at you though, your eyes following the thin trail of black that rose up from between his shoulder blades, curling all around the room, your eyes darting after it. Kyle looked at you strangely. “What are you looking at?”

“You don’t see…” Dean rose to his feet, the black trail curling all around your body, swirling and pulling away, stopping with a pointed look at your chest. “What are you doing?”

“King Crowley turns out was there looking for me. He knew of a curse, a powerful one. He placed it on myself and intended to place it in my brother. But my dad stopped him before he could touch Sam. Then, well then we left town.”

The smoky mist curled around Kyle, ruffling his hair without him noticing. 

“See Kyle, this curse? It only works if put on soulmates. Sam is one of mine but people have lots of soulmates. So Crowley cursed another one of mine eventually and that day, I got my powers. Incredible power, power that when working with my soulmate would be unstoppable. King Crowley isn’t happy though. I was too strong when he tried to capture me, control me. So he went after my brother to try and place the curse on him too to control us. To have power.”

Dean’s trail moved from Kyle to tuck under your chin, yours lifting on instinct. His eyes followed the movement, lip quirking.

“I never wanted to be scary but it’s the only thing that keeps Crowley from coming here and trying to hurt the people I care about again. Reputation is powerful,” said Dean, clasping Kyle on the shoulder. “There’s a few kids playing a game of soccer down past the housing quarters on the greens. Maybe you want to go check it out while I help your sister finish unpacking?”

Kyle looked at you, optimism in his eyes. 

“Alright,” you said, grabbing your phone off the front table and handing it to him. “I want you home by six at the latest, understand? And no leaving the grounds. And Kyle?”

“What?” he groaned, already rushing to put on his sneakers. 

“Have fun,” you said, Kyle scooting outside not five seconds later. Dean watched him take off, humming before he stepped back inside the townhouse.

“Cute kid,” said Dean, his smoke trail spinning all around you. “Reminds me of Sam.”

“What the hell is that?” you said, nodding to where the trail stopped, pointing at you. Dean shrugged. “Is that because I’m magic?”

“You’re not magic, Y/N. I just told you. Crowley put a curse on me.” 

“You said that already.” Dean’s black misty trail pushed forward, pressing forward, stopping at your chest. You stared down, breath hitching. “What are you doing?”

“You don’t use your powers often. You’d be more in tune with sensing others if you did,” he said, gently resting the tip against your skin. You glanced up, Dean cocking his head. “Do you remember the part where I said he cursed another, Y/N? A soulmate of mine. It’s not hard for a man dealing with demon magic like him to find out those sorts of things. So. If you don’t have magic in your blood yet you have powers…powers that allow you to see my also non-magical powers…that makes us…”

You blinked, holding up your hands. “Wait. No. No there’s not way you and me are…”

“So you didn’t eye fuck me the first time we met?” Your cheeks flushed, eyes darting away. “Y/N. Come on. Let’s stop pretending and be realistic.”

Your eyebrows shot up. “What exactly does that mean?” 

Dean ran a hand through his hair, letting his hand drop slowly. “It means…it means teach me how you broke into my warehouse so I can get Sam back. After that…we’ll figure that out if Crowley doesn’t catch me.”

You took a few steps away, putting your back to him. 

“Why does Crowley want our power? He’s never come near me. Something doesn’t add up.” There was a presence behind you, causing you to turn and face Dean who had come closer. “Unless he found out after the fact our powers aren’t that same and decided he only needs yours.”

Dean held up a finger pointing it in your face. “You…have good points. He really never came after you ever?”

“Not that I know of.” You hesitated, Dean tilting his head. “Your powers…what do they do?”

Dean took his turn to move away now, slipping past you into your kitchen. He splayed his palms on your kitchen island, shoulders sagging.

“Think of them as…being like the offense on a sports team. They can attack, control, move things.”

“I can’t do that,” you said quietly. You went to the kitchen sink, turning the water to hot, too hot. Meanwhile, Dean eyed you, steam billowing against the cold metal basin. “Just…watch.”

After a beat, you placed your hand under the water, Dean rushing around the island. You held up a hand, his gaze drifting down to where the water rippled over your skin. “It doesn’t hurt me, Dean. Your powers are like offsene? Well, mine are defense I’m pretty sure. It’s like I get a bubble around me.”

Dean reached around you, turning off the water before handing you a hand towel from the counter. He tilted his head, biting his bottom lip.

“You don’t think you can show me how you do that?” he asked. You sighed. He took the towel back when you finished wiping your hand off, one of his black smoky tendrils wrapping around it, holding it up. “Maybe you can try one of my powers first. Can you take the towel?”

With a frown, you concentrated on trying to pluck it away from him but all you managed was to make the bubble around your hand larger, wrapping it around the two of you. Dean looked up and over his shoulder, pouting when he glanced at the misty dome encompassing you.

“You may have a point about us having different powers,” said Dean, touching a finger to the barrier. “Why would Crowley take Sam then?”

“Same reason as always. To get to you. If he kept Sam, he could make you use your powers for whatever he wants. Mine aren’t all that useful to a guy like that. It’s probably why he’s never bothered me.”

“Why curse you then?” he asked. You shrugged, pulling the bubble away and swallowing.

“Maybe the powers don’t work unless both people are cursed? But I guess that doesn’t make sense. I’m younger than you quite a bit,” you said. He scoffed.

“Quite a bit? I’m barely forty, little shit,” he said, breathing deeply. “...Although I don’t remember doing anything with my powers until I was older. Maybe eight, seven?”

“So you couldn’t actually do anything until I was cursed as a baby too.” You leaned back against the counter, Dean settling back against the island with crossed arms. “I’m sorry, Dean. I don’t think I can teach you how to do what I do. I don’t even think about it. It just happens.”

“I understand that feeling,” he said, closing his eyes. “I’ll figure out another way to get Sammy out.” 

“Setting aside the fact we are…soulmates for now,” you said slowly, Dean cautiously meeting your gaze, “I don’t think this plan stops at getting Sam back. Crowley will just come after him again.”

“You sound like you have an idea.” You pressed your lips into a thin line. “Let’s hear it. I hired you to brainstorm this stuff so I’ll take anything at this point.”

“Well, I think we need to figure out what Crowley wants. He’s all powerful so why does he need your power specifically? Crowly rules The Dark Lands. He’s eons old and doesn’t bother humans. So what on earth could he need you for and why now? He had plenty of opportunities to grab Sam over the years. He must be on some kind of deadline. What’s that tell us?” Dean straightened, eyes wide.

“Holy shit. I can’t believe I’ve never thought of that,” he said, reaching out and cupping your cheeks in his hands, planting a fast kiss on your lips. You barely felt it before he pulled back, licking his lips. “You’re a genius, little thief.”

“Uh, thank you?” He started to jog away for the front door, your throat clearing. “We’re not going to talk about the whole kissing thing just then?”

He froze, spinning around with a smile. “Couldn’t help myself. I uh, I know what Crowley wants I’m pretty sure. I’ll stop over tonight.”

“Dean-” But he was already out the door, jogging towards the main building. “Be careful, ya big idiot.”

Two AM

You jumped awake from your chair on the porch when you heard a car door shut. Dean’s muscle car was in front of the townhouse, his long legs carrying him up the front steps into the light. His eyes were dark, tired, but you saw no injuries on him.

“You worried about me or something?” he teased, sitting down slowly in the seat next to you. A long breath left his lips, his eyes closing. “You back to being terrified of me? Or is it just the nerves of being next to your soulmate?”

“I don’t like cocky guys,” you huffed, Dean chuckling, peeling his eyes open to smirk at you. “I don’t.”

“Yeah, you do.” He tilted his head. “It’s flattering really. You’re fated to be with The Dark Lord. You like a bad boy, don’t you.”

“You’re insufferable,” you said. You got up, taking the blanket wrapped around your shoulders with you. “Did you come here to flirt or what?”

“Always so serious,” he said, looking you up and down. “You have anything to eat? I’m starving.”

“Don’t you have your own home?” He hummed. “Why are you here?”

He stood, cupping the back of your neck, pulling you into a deep kiss. You rose up on your tiptoes, black smoke curling around your body and holding you in a tight embrace. God he was so…gentle? His large hands were holding you, grasping, tugging, yet his lips were slow, soft, teasingly playful.

He grinned when you broke off, nose touching as your hot breath mixed together. “I recall you wanting to revisit that kiss, hm?”

“How do you know we’re romantic soulmates, hm?” you said, Dean chuckling. “God, you’re annoying. I liked you better when I thought you were scary.”

“Oh, I’m terrifying, sweetheart. Just not to the people on my side. Especially not the woman that thinks I’m hot. Or would you like me to show you the security tape from when they brought you in and you couldn’t keep your eyes off me?”

“I was afraid for my life,” you deadpanned. Dean shrugged. “I was!”

“Yet here you are, kissing me twice in one day.” 

“You kissed me-” He pressed a finger to your lips, shushing you.

“Details, sweetheart. Now, I really am starving and I would love to answer all of your questions but I don’t want to disturb Kyle. We can chat in the morning.” He pecked a kiss to your temple before striding off back towards his car.

“What? Why’d you come here then?” He spun around, a tinge of pink on his upper cheeks.

“I realize I left…abruptly. I didn’t want you to worry. I could say it’s because you’re head over heels for me because of the soulmate thing but really, you’re just kind. Kind people tend to worry about other people, even when they don’t quite deserve it yet.”

You crossed your arms, glancing down at your slippers. “Why do you pretend to be this scary bad guy when you’re clearly not him?”

“Because I can do a lot more good behind a mask. Good guy Dean wouldn’t have the connections I do to let me know your former boss wasn’t paying his taxes and has a history of sexual harassment. Good guy Dean certainly wouldn’t know how to get proof of that and how to relay it to authorities.” Your head snapped up, Dean pursing his lips. “You never thought it was curious why police never went after The Dark Lord with all his evil crimes?”

“Your whole thing is…a facade?” He shrugged. “So you don’t torture and kill people who wrong you?”

“I never said that. Stories get embellished is all.” You bit the inside of your cheek, Dean taking a step back. “I’ll see you in the-”

“Kyle’s not home. He made a few friends today. He’s at a sleepover.” Dean took a step forward, looking you up and down. “If you want to...talk now. Only talk.”

“Only talk. I’m good with that.” 

You were hot when you stirred the next morning. Your pillow felt hard as your eyes fluttered open to find a very bare chested Dean under your head. 

“Well good morning,” he whispered, kissing your temple. You narrowed your eyes, Dean breaking out into a laugh. “And they call me the scary one. They ought to see you first thing. Look ready to stab some eyes out.”

“Why are you in my bed shirtless? I do not hookup,” you growled. He shushed you, his large arm curling around your back. 

“Because you invited me to stay? I got ketchup on my shirt after our snack so it’s in the wash…you only have a two bedroom and we had a few beers…so you told me we could share…do you really not remember this?” Okay, maybe once your sleep deprived brain had a moment to think, you did recall inviting him into your bed, even if that had been a somewhat drunken ask. “You good?”

“Yeah,” you said, laying back in bed, closing your eyes. “Just thought for a second we…”

“No. We didn’t do anything. But maybe I can cook you dinner sometime.” 

“Maybe,” you said, Dean shifting in bed, feeling his chin rest on your shoulder. “You’re like a puppy aren’t you? Now that I let you in the house you think you can stay.”

“I let you in my house first,” he said, nuzzling his cheek against your arm. “Sam would like to meet you if that’s cool, say thanks in person. He should be up for visitors later.”

“I’ll make sure to stop by. I’m glad he’s safe again.” Dean let out a heavy breath. “You were fuzzy on the details. What exactly did you give to Crowley to get Sam back?”

“It’s funny how much you can get done when you just talk to each other,” said Dean, letting him use your arm as a pillow, your fingers toying with his strands. “It’s well known Crowley’s queen was imprisoned eons ago. Well, turns out the wizard who did it died about fifty years ago after some freak accident.”

“So his magic would start to fade.”

“Exactly. Which meant the queen would die when it did fade on the spell he cast without some intervention. The wizard cursed it so only a soulmate with the curse could open the box. Crowley was running out of time and grabbed Sam as a last resort so to speak. He’s not my favorite person in the world but we came to an agreement to put all this behind us.”

“Sam for the queen,” you said.

“And Crowley sticks to the Darks Lands for the next thousand years. Figured that should keep things quiet for awhile.” You turned your head, Dean looking up through his lashes. “I never would have thought to just talk to the guy without you.”

“Nobody’s perfect.” You reached your free hand around to rest on his bicep. “You’re offense, I’m defense, remember?”

“You know, I don’t actually know if we’re romantic soulmates. Crowley wouldn’t spill on that. We might just be meant to be best friends.” You raised your eyebrows, offering a sleepy smile. “Hey, you asked earlier. I just don’t know if-”

You pressed a finger to his lips, Dean’s eyes darkening. “Why don’t we start with you making me dinner tonight and we’ll go from there?”

“What about Kyle?” he asked.

“While your concern for my little brother is extremely appealing, I’m pretty sure he wouldn’t mind a night at one of his new friends again. Anymore excuses?” Dean pursed his lips, thinking hard. 

“You don’t feel obligated to do this because I’m your boss, right?” You rolled your eyes, Dean batting your hand away to roll on top of you. “Had to check. So. Dinner at seven?”

“Sounds great,” you said, staring up at him, Dean licking his lips. “Better run along, Mr. Dark Lord. Lots of terrorizing on the agenda for today I’m sure.”

“Between the torture and the maiming I mean I’m packed solid,” he teased, bending down, brushing his lips over yours. “Come by the mess hall at noon with Kyle. We have family lunch there on the weekends.”

“Sure thing Mr. Fluffy Lord.” Dean pecked a hard kiss to your lips, pointing a finger at you when he pulled back. “You’re so soft and you know it.”

“Yeah, yeah. Keep it up, little thief.”

“One time!” you said, Dean smirking, your eyes widening. “How…how’d you know it was more than once?”

“My stock’s been short for the past year. No harm, no foul. Oh,” he said, climbing out of bed, ruffling his hair. “Remind me to talk to Michael about Kyle. He’s been researching it for the past few months and might have a magical fix for his asthma.”

“Months? But you didn’t know-”

“I knew someone was stealing the medicine and while we can’t cure everything, between magic and science, I figured he could solve it and we could put it out there.” You smirked, Dean pointing a finger again. “Do not call me Fluffy Lord.”

“Yes. You’re truly so evil.” 

“Damn right I am,” said Dean. “I got a skull mask and cloak even. Evil incarnate over here.”

“Whatever you say, Fluffy Lord.” You propped yourself up on your elbow, Dean narrowing his eyes playfully. “I hope you enjoyed this because you’re not getting back in my bed until you’ve earned it.”

“Already dreaming about the next time we share a bed, are we?” he teased. You flipped him off, pointing at the door. “Alright. I better get out of here before we have to explain this situation to a twelve year old.”

“Yes, please,” you said, Dean bending down, cupping your chin in his hand. Your heart caught in your throat, Dean smiling softly. 

“Thank you for giving me back Sam, beautiful.” He pressed a linger kiss against you, lifting his head and kissing your forehead. “I’ll see you soon, little thief.”

“Yes you will, Dark Lord.”

_____________

[ms-demeanor]

Can I ask you how you ended up a purchasing manager and what the "technically" means? I've been a purchaser for a couple years and I'm trying to figure out what to do next. I've taken my role in much more of a creating-reports and helping-people-with-data direction than probably purchasers are supposed to, so idk if I should look for another purchasing job or something else

We're a tiny, tiny (less than 10 employee) company so I'm kind of a one-person procurement department with about eight other roles stacked on top (including marketing, website administration, and proofreading my boss's emails).

The purchasing part of what I do is I manage vendor relationships and customer licensing through our vendors, and I research hardware and configure hardware solutions for our clients then do the ordering and order management.

I think my boss's goal with "purchasing" as a job description is just to keep me distinct from accounts payable/receivable (because of the type of business we are, the purchaser at this company needs to have a significant degree of computer literacy, so the role has always been far removed from the accounting department at this business; I'm not a tech, I'm not sales, I'm not precisely an office admin, but I kind of am those things stuck in a blender with an executive assistant).

"Technically" just means that "purchasing manager" is what the business puts on my tax form but I don't have the requisite freedom to make choices to *legally* be considered a manager in California (so 'technically' purchasing manager is my job description in actual fact, but i don't 'technically' meet the requirements of being a manager - my job title is fake).

I think that in normal procurement jobs there is some data crunching that is required, but I see it more as logistics than analytics. If you're more interested in the analytics side of things than the logistical stuff, it may be worthwhile to cast your net outside of the purchasing pool.

[softerseasons]

Juno, out of curiosity, what does an accountant DO? What does it mean to be one? Because I know there's math involved. I've heard it's very boring. But I don't know anything else and I'm curious because you're very good at putting things to words.

Okay first of all, I cannot express just how excited I got when I first saw this message. There is nothing I love more than talking about things I know about, and usually when my career is mentioned I don't get questions so much as immediate "Oh, bless you" and "I could never"s. Which- totally fair! For some people, accounting would be boring as all hell! But for a multitude of reasons, I adore it.

There are multiple types of accounting. The type most people tend to be more familiar with is that done by CPAs- CPAs, or Certified Public Accountants, are those that have done the lengthy and expensive process to be certified to handle other peoples' tax documents and submit taxes in their name, amongst other things. Yawn, taxes, right? Well, the thing with that is that there's a lot of little loopholes that tax accountants have to remain familiar with, because saving their clients a little more here or getting a little more back there can really add up, and can do a lot for people who, say, have enough money to afford to hire someone to do their taxes but not necessarily enough to be going hog wild with. Public accountants can work for large firms or by themselves, and also do things like preparing financial statements for businesses, auditing businesses to ensure all of their financial transactions are true and accurately reported to shareholders and clients, and consulting on how finances can be managed to maximize profit (money in - money out = profit, in very simple terms).

The type of accounting I do is private accounting! That basically just means that I work for a company in their in-house accounting/finance department. Private accounting tends to get split up into several different areas. My company has Payroll, Accounts Receivable, and Accounts Payable.

Payroll handles everyone's paychecks, PTO, ensuring the correct amount of taxes are withheld from individuals per their desires, and so on. Accounts Receivable handles money flow into the company- so when our company sells the product/service, our Accounts Receivable people are the ones who review the work, create the invoices, send the invoices to the clients, remind clients about overdue invoices, receive incoming payments via ACH (Automatic Clearing House- direct bank-to-bank deposits), Wire (Usually used for international transactions), or Check, and prepare statements that show how much revenue we are expected to gain in a period of time, or have gained in a period of time. This requires a lot of interfacing with clients and project managers.

My department is Accounts Payable. Accounts Payable does basically the other side of the coin from what Accounts Receivable does. We work mostly with vendors and our purchasing/receiving departments. We receive invoices from people and companies that have sold us products/services we need in order to make our own products/perform our services, enter them into our ERP (Enterprise Resource Planning, a system that integrates the departments in a company together- there are many different ERPs, and most people simply refer to their ERP as "the system" when talking internally to other employees of the same company that they work at, because saying the name of the system is redundant) using a set of codes that automatically places the costs into appropriate groups to be referenced for later financial reports, and run the payment processing to ensure that the vendors are being paid.

To break that down because I know that was a lot of words, here's some things I do in my day-to-day at work:

- Reconciliations, making sure two different statements match up: the most common one is Credit Card reconciliations, ensuring that there are appropriately coded entries in the system that match the payments made on our credit line in our bank.

- Invoice entry: this is basic data entry, for the most part. This can have two different forms, though

- Purchase Order Invoice entry: Invoices that are matched both to the service/product provided from the vendor and the purchase order created by our Purchasing/Receiving department. We ensure that the item, the quantity, and the price all match between our records, the purchase order, and the invoice, before we enter this.

- Hard Coded Invoice entry: Invoices that we enter manually due to there being no Purchase Order for them. This is often recurring services, like cleaning or repairs, that may happen too often or have prices vary too much for Purchase Orders to be practical.

- Cleaning up old purchase orders: sometimes Purchase Orders are put in the system and then never fulfilled. Because this shows on financial statements as being a long-standing open commitment, it looks bad, so we have to periodically research these and find out if the vendor simply didn't send us the invoice, if the order was cancelled, or if something else is going on.

- Forensics! This is my personal favorite part of the job, where someone has massively borked something that is affecting my work, and so I go dig into it, sometimes going back as four or five years in records to find the origin point of the first mistake, and untangling the threads of what happened following that mistake to get us to where we are today. There's an entire field called Forensic Accounting that is basically just doing This but for other companies (it's a subset of auditing, and often is done via the IRS) and that's my dream position to be totally honest. I loooove the dopamine hit i get with solving the mystery and getting praised for doing so faster than anyone else has even begun to realize the problem to start with.

- Balancing Credits/Debits: This is more of a Main Accountant role thing, but the long and short of it is that every business has Assets, Liabilities, and Equity. Liabilities and Equity are what we put into the company/what we owe, and assets are what we have received/what we are owed. Anything that increases Assets or lowers Liabilities or Equity is a Debit. Anything that decreases Assets or raises Liabilities or Equity is a Credit. Every monetary change we process has to include an equal Debit and Credit. This is its own whole lecture, so if you wanna know more about double-entry accounting, let me know, but it's yawnsville for most people.

- Actually cutting checks or initiating bank payments to vendors for amounts we owe them.

- Vendor communication: I'm on the phones and email a lot with vendors who are wondering where their payment is, or why something was short-paid, or if I can change some of their info in our system, and so on and so on. Every job is customer service, unfortunately. I don't love it, but I do a lot less of it in private accounting than I would have to do in public accounting.

- Spreadsheets: I make so many spreadsheets I am a goddamn Excel wizard. I love spreadsheets. This isn't necessarily accounting-specific though, most people in Finance jobs love spreadsheets, or at least use them to make their lives easier. I make them just for fun, because I'm a giant fucking nerd who finds that kind of thing enjoyable lol. So if you ever need a spreadsheet made for anything, hit me up.

As for math, that's a pretty common misconception. While there is math, it is very rarely more complicated than "I paid $3 of the $8 I owe, now I owe $5" for me. There are some formulas you learn in school (Business Administration with a focus in Accounting is what I studied), but they're also pretty standard and rarely include more than like... basic algebra. Which. Thanks @ god because I flunked so hard out of pre-calc in college. I could not have done accounting if it really were all that math heavy.

Aaaand yeah! That's all I've got off the top of my head- if you have any more questions about it, do let me know, I'm happy to ramble on for hours, but I'm cutting it here so I don't start meandering on without direction lol.

[darling-child-tisarwat]

Mech post went over well so here’s some notes from the actual project:

Basically it’s an American setting where every state has a giant mech that battle each other in areas like it’s american football. I think this is funny because i’m american and hate american football.

Central conceit here is the main stories are romcoms happening in the background of giant mech battles. the mechs are set dressing (mostly). Anyway here’s how most of the characters break down:

Hierarchy

Mech Owners - Usually a bunch of rich assholes. Sometimes also the mech pilot but usually not. Often have no redeeming qualities and commit the sin of being Boring even though they have so much money. For my own sanity these are funny cartoon level rich people not elon level shit because i cannot take peter thiel owning a mech or whatever.

Pilots - superstar level celebrities who are usually a bunch of moderately well-paid assholes. Some of them are fine but there’s something fundamentally insane about becoming a mech pilot. Not because of any evangelion type shit but more due to the fact that this is set in America and they are Americans. It’s like putting one of those dudes with an F-350 truck with double wheels into a fucking gundam. Google it non-USians. Often disconnected from reality or very simple goals. Unfortunately they are often also hot and/or gay. Very, very rarely one is extremely intelligent and a real fucking problem.

Admin - These are people you assume are boring because they fill out paperwork and work on marketing and insurance and shit for the mech teams but they are often as batshit insane as the pilots, but in the other direction. Many of them are secretly funneling money or influence in or out of different mech teams, as well as often sleeping with pilots. Usually nobody gets killed over the money or sleeping around but like, it has happened before. There’s like one lady in Accounts Payable who’s genuinely a nice person. Nobody knows why and assumes it’s a front but she’s actually just like that.

Pit - Actually normal people for the most part and by normal i mean underpaid well-meaning people with the usual level of mental illnesses and gayness. Do most of the work to actually keep mech running, barely get recognition outside of a very niche fanbase. Some have aspirations to become pilots, but are sane enough not to try.

Comms - This is the Houston of We Have a Problem. More underpaid mostly normal people who sit for 12 hours in front of 4 screens and direct traffic or logistics. So thoroughly into the interpersonal lives of the mech pilots that they treat that like the sport more than the actual matches. Parasocial relationships are common as they are often in Pilot’s ears but are rarely treated like actual people by them. Sometimes will take out sexual frustrations on each other, usually to questionable results.

Clean Up Detail - Crews responsible for cleaning mech debris and arenas after a match. Underpaid and under-appreciated but most genuinely like the job and build cool shit out of the scraps and debris like art and simple small mechs. They do it for the love of the Game.

[aylen-san]

📜 A Statement by Finrod Felagund Topic: "On the Procedure for Establishing Interpersonal Relations, Their Taxation, Accounting, and Possible Disposal" (as amended from the Time of Arda to Ragnarok, including updates from the Second Age and subsequent psychoanalysis)

Section I. General Provisions

1.1. Interpersonal Relations (hereinafter — IPR) shall be defined as high-risk investments in unpredictable human (or Elvish, or—Eru help us—Dwarvish) capital.

1.2. The primary form of IPR shall be "having a five-minute chat and accidentally falling in love for the next 700 years." Additional forms include: — spontaneous affection; — baking bread together; — messaging at 3 a.m. with grammar worthy of the Valinor Academy; — and sudden hatred for no clear reason (see also Appendix “Exes and Demons”).

1.3. Should an IPR involve a subject voluntarily residing in a solitary tower, suffering from nobility, luminous melancholy, and chronic morality, the relationship shall be classified as particularly hazardous and subject to additional licensing.

Section II. Relationship Taxation

2.1. Each established IPR is subject to the following types of taxation:

Emotion Tax — 13% of all emotional experiences (including dreams, tears, irony, and sarcastic over-the-shoulder glances);

Trust Duty — payable upon attempting to have an honest conversation (amount depends on mutual understanding, typically zero);

Drama Levy — charged once per season, regardless of actual events;

Poetry License — mandatory for any letter exceeding three lines.

2.2. If one party to the IPR is a brooding elf with a philosophical bent, the tax rate doubles. If both parties qualify, a fine is imposed and Gandalf is summoned to remind everyone to calm down.

Section III. Record-Keeping and Reporting

3.1. All IPRs must be registered in the Unified Registry of Restless Hearts (URRH). Registration occurs upon any of the following: — a glance in the mist; — joint combat; — a conversation with subtext at the “you dropped your handkerchief, now I’ll suffer for a millennium” level.

3.2. Reports on IPRs must be filed quarterly in the form of: — diary entries; — subpar poetry; — songs performed with a lute in the rain; — and at least 40 minutes of melancholic stares into the sunset (less is subject to penalty).

Section IV. Liabilities of the Parties

4.1. For IPRs ruined due to personal stupidity (see Appendix “He Didn’t Get the Hints, and She Decided to Stay Silent”), administrative melancholy is imposed for up to seven years, with possible extension.

4.2. For excessive idealization of one’s partner, manipulation, passive aggression, and misquoting Finwë out of context — voluntary exile to the forests of Lórien until further notice.

4.3. In the rare event of complete mutual understanding, support, humor, love, and acceptance — the relationship shall be deemed illegal due to its impossibility within the conditions of Arda. Such cases shall be archived under “Wonders,” alongside myths of peace, order, and emotionally stable Fridays.

Final Provisions

5.1. All matters not regulated by this statement shall be resolved using conscience, common sense, and/or a bottle of wine (whichever is present at the time of conflict).

5.2. In case of disaster (betrayal, abandonment, tragic misunderstanding), it is recommended to follow a regime of self-irony, emotional detox, and mandatory exposure to daylight (or at least a tavern full of dwarves — their mug-based therapy is very effective).

5.3. Finrod Felagund accepts no liability, but offers moral support. Place your pain in the designated basket — it will be recycled into a song.

Light be with you. And emotional insurance, just in case. Yours, Finrod

[s20marketing]

Cash Flow Analysis – Basics, Benefits And How To Do It

The most important part of financial management is cash flow analysis. It is what guides the people amid the storm of fluctuating economies and unpredictable markets. Every entity intending to achieve economic and growth stability needs to understand cash flow comprehensively and what it includes.

For those who wish to enhance their comprehension, taking online accounting training courses can offer priceless insights into becoming an expert in this vital area of financial administration. Let’s get down to business now, starting with the essentials of cash flow analysis, discussing its many advantages, and then explaining how to do it properly.

What is exactly cash flow analysis?

In cash flow analysis, the concentration is on the amount of cash that enters and leaves the organization in a specific period. It serves financial managers to make inquiries into an organization’s liquidity, solvency and general financial health. This process helps them determine whether they can repay their debts on time, run their operations with cash, and look for ways to grow by seeing how money passes through their hands.

Components of cash flow analysis

There are three main parts to a cash flow analysis:

1. Operating Cash Flow (OCF): This is the amount of the money which a business earns or spends on its day-day activities. It is made up of proceeds accruing from sales, as well as payments to the wholesalers, salaries, and other expenses of running the business.

2. Investing Cash Flow (ICF): ICF tallies the type of cash flow that you make when you buy or sell assets, invest in stocks, or buy other businesses.

3. Financing Cash Flow (FCF): This sort of cash flow indicates sources of cash entering into the business through financial activities such as new money, dividends, buying or selling shares, and debt repayments.

Importance of cash flow analysis

Liquidity management: Short-term cash flow analysis allows companies to be solvent and have enough liquid funds to cover required short-term debts and unexpected expenses.

Solvency assessment: It gives you an insight into how well a company would deal with long term financial obligations such as servicing the debts and making capital purchases.

Decision making: Through a strong-cash-flow-analysis you will be able to make business strategies that show trends, cash gaps, and investment opportunities that probably will work.

Advantages of cash flow analysis

1. Enhanced financial planning

A strong financial scheme is all about proper cash flow analysis. Businesses could arrange their financing needs, manage their assets well, and not experience any cash gap or excesses by forecasting their cash flows. Professionals who take online accounting training courses can start planning their finances better once they know what they’re doing.

2. Better management of working capital

Learning how inflows and outflows of cash affect working capital is crucial for effectively managing them. Organizations can stick to their financing costs, and improve their working capital’s turnover by adjusting their receivables, payables, and inventory amounts according to their cash flow projection.

3. Better risk management

A cash flow analysis anticipates problems and allows companies to take preventative measures. Businesses can work in advance preparing what to take if something’s gone wrong, looking at how volatile is their source of income or how sensitive they are to changes in the market and finally how much cash they might have at hand.

4. Investor confidence

Both investors and lenders rely on the cash flow analysis that properly outline. Through demonstrating that they are great at managing their funds as well as getting the right flows and they trust the investors, businesses can obtain money on good conditions and get their trust.

How to conduct cash flow analysis?

Step 1: Get financial data

Organize your paperwork, income statements, balance sheet, and cash flow for the period you want to cover. Be sure that the details are accurate, complete and in their latest versions.

Step 2: Get operating cash flow

Start with net income and then subtract non-cash expenses, depreciation and changes in working capital like accounts due and receivable etc., the other non-operating items.

Step 3: Assess investing and financing factors

Having the cash flows from investing and financing analyzed, one can notice their effect on the total cash flow. Think of key events, like acquiring assets, settling loans, or giving out dividends, and work out what they mean to the company’s liquidity and capital structure. By accessing online accounting training courses one can gain insights into their impact on overall cash flow dynamics.

Step 4: Analyze the results and get conclusions

See in the cash flow statement for trends, awkwardness and red flags. If you want to generate a profitable cash flow, compare your current cash flow performance with industrial benchmarks and your own past data. Analyze the findings, and find ways to make your cash flow healthier.

Step 5: Implement strategies for improvement

Various strategies should be followed to enhance the cash flow management based on the cash flow analysis results. It could encompass increasing operating capital, re-negotiating payment conditions, deriving new income sources, or refinancing debt, among other ways.

In conclusion

Cash flow analysis is an essential part of financial management as it gives a lot of information about the company’s finances, how well it nurtures finances and what are its short-term and long-term objectives. Companies can really benefit from how they take the chance to learn the basics of cash flow analysis.

A business can competently and effectively venture into the complex business world of today with a proper cash flow analysis and the right tools to do it. Online accounting training courses help people learn how to do cash flow analysis, which gives professionals and people who want to start their own businesses the power to use it to its fullest.

[carolineis18]

My contribution as an ABM student to the society

The goal of this strand is to prepare students for college degrees that focus on business and industry, where their future contributions as accountants, entrepreneurs, and business leaders will be crucial to the growth and development of the economy and to the promotion of a sustainable green business. Students will be trained to think logically and scientifically, as well as familiar with the fundamentals of accounting and business and management concepts and principles.

With the ABM Strand, It is possible to pursue a Business Administration degree through the ABM stream. It focuses on imparting to students the fundamentals of project management, marketing, finance, human resources, organizational behavior, and contemporary management trends.

As an ABM student, you must have time management skills, a lengthy patience span, and the ability to concentrate solely on your academics. You will be able to do more exploring and learning about managing your own business in ABM. You'll be well-informed about the type of business to launch and management strategies. ABM addresses more than simply how you will run your company; it also addresses how much you will have to pay, the dangers involved in running a business, and how to make your enterprise profitable. It's difficult to be an ABM student because you will discover the realities of life in this world. Getting rich is among the

The ABM strand in its most fundamental sense refers to the accountancy, business, and management academic programs that concentrate on the foundational concepts in corporate operations, financial management, business management, as well as each and every factor that revolves around those central fields.

The ABM strand can take you on a direct path to careers in accounting and management: sales management, human resources, marketing director, bookkeeper, project officer, accounting, internal auditor.

The ABM strand curriculum opens the avenues for you to gain a more nuanced appreciation of the intrinsic elements that make up the world of accounting and business management courses in the Philippines without having to dive deeper into the specialized complexities of mathematical fields such as algebra, geometry, trigonometry, and others.

The subjects involved in the ABM strand are designed and crafted for you develop the appropriate tools that you are going to utilize all throughout your journey in the corporate world. You should expect to be immersed in studying management and financial accounting along with the business, legal, and organizational contexts that you would be working with as you go along your road in a professional enterprise.

By taking the ABM strand you will be trained to analyze assets, understand everything involved with financial positions, interpret various profitability, and prepare audit accounts.

Accountancy

Studying accountancy does not necessarily entail that you are limited to just being an accountant. You are opening the gate for wonderful careers as an: accounts payable clerk, bookkeeper, chief financial officer, budget analyst, internal auditor, and many others.

Business Administration

You can get on the track to the corporate settings of an administrative assistant, loan officer, community service manager, market research analyst, financial advisor, statistician, etc.

Agribusiness

This generally refers to agriculture-related endeavors that align farmers, distributors, and even consumers with a market system for agricultural products. The Department of Trade and Industry is always in the course of developing the industry of agricultural farming into a thriving business-driven sector.

[financelatestnews]

How to Pay your SMFG India Credit EMI Online?

To understand the steps involved in making your SMFG India Credit EMI payment online, it is particularly important to understand the concept of Loan Account Number:

What is a Loan Account Number?

The Loan Account Number is a unique 14 digit code that acts as a reference to your loan account with Fullerton India. It differentiates your loan account from other loan accounts with SMFG India Credit. This specific number is displayed at the top of your monthly statement and can also be viewed on your dashboard whenever you log in to our customer service portal. It will help our customer service representative to pull out and extract your details from our records easily in case you raise any queries online,through our customer care centre, or at our branches spread far and wide across India.

Steps to Make your EMI Payment Online

Here are the steps involved in making your SMFG India Credit EMI payment online

To opt for SMFG India Credit pay online feature, please visit the site. Click on the “Quick Links” menu on the top right and select “Pay EMI”.

You will be redirected to the payment page.

Here, you will be asked to type in your Loan Account Number in ohttps://www.smfgindiacredit.com/.rder to fetch the Payable amount or the outstanding loan amount.

You can then either choose to pay the entire payable amount, the monthly EMI obligation, or any custom amount. You must bear in mind if you are opting to pay an amount greater than your monthly EMI obligation, prepayment charges will be applicable. If you opt to pay an amount less than your monthly obligation, interest charges will be applied to the outstanding loan amount.

You are then required to enter your phone number and email ID registered with SMFG India Credit.

You will be presented with two payment modes i.e PayTM and Bill desk

If you select PayTM as your payment mode, you will be provided with further options such as BHIM UPI, debit card, and net banking. You can also login to your PayTM account and use your saved options for payment including your Pay-TM wallet. However, please bear in mind you cannot use this option for payment of all SMFG India Credit loans.

If you opt for Bill Desk as the payment option, you will be taken to the payment gateway page. Here, you would be provided with further options of Netbanking, Debit Card, Google Pay or UPI/wallets as per your liking.

To make things simpler, you can also select the ECS facility to auto-debit your monthly EMI payment obligation on a particular day of the month. To do this, you can raise a request through the Service Connect portal or via the Contact Us section.

Source: https://www.smfgindiacredit.com/knowledge-center/how-to-pay-emi-online.aspx

[vncglobal]

Bookkeeping vs. Accounting: What is the Difference?

Bookkeeping and accounting are two essential functions that come into play when it comes to the management of financial records and the guaranteeing of a business's ability to operate without hiccups. There are substantial distinctions between the two, despite the fact that they are frequently used interchangeably with one another. In this blog post, we will discuss the fundamental distinctions between bookkeeping and accounting, as well as the contributions that each makes to the overall success of organisations operating in a variety of fields. VNC Global, a prominent bookkeeping services provider in Australia with more than a decade of expertise, is familiar with the complexities of these functions and is here to throw light on the distinctions.

The Essence of Bookkeeping:

The practice of maintaining accurate books and records is essential to any viable accounting system. It entails recording and organising in a methodical manner all of the financial transactions that have taken place. Bookkeepers are accountable for keeping records of a company's income and spending, accounts payable and receivable, along with other types of financial transactions, in a manner that is accurate and up to date. Their primary concern is making certain that all of the financial information is correctly recorded, categorised, and archived so that it can be accessed and analysed at a later time.

Key responsibilities of bookkeepers include:

Recording daily financial transactions

Maintaining general ledgers

Handling payroll processing

Managing bank reconciliations

Issuing and recording invoices

Monitoring accounts payable and receivable

Generating financial reports for management review

The Scope of Accounting:

On the other hand, accounting comprises a wider variety of operations related to financial management. It entails analysing, interpreting, and summarising the financial data that bookkeepers have recorded in the books. Accountants make use of this information in order to offer business owners and those in charge of decision-making important insights and strategic recommendations. Their knowledge is vital for ensuring that one may make well-informed judgements regarding one's finances and remain in accordance with applicable tax legislation.

Key responsibilities of accountants include:

Preparing financial statements like income statements, cash flow statements, balance sheets, etc.

Identify patterns and trends by analyzing the financial data

Providing financial advice and strategic planning

Conducting financial audits and ensuring compliance

Assisting in budgeting and forecasting

Tax planning and preparation

Skills and Qualifications:

Bookkeeping and accounting are two separate but related disciplines that demand distinct skill sets and qualifications. Bookkeepers often have extensive knowledge and experience in the areas of data input, and record keeping, and are conversant with accounting software. Although bookkeepers are not often required to have a formal degree, many do have certifications in their field, such as Xero or QuickBooks, to demonstrate their level of expertise.

On the other hand, it is common for employers to need accountants to have a higher degree of education in addition to certain professional certifications. The majority of accountants have degrees in accounting, finance, or other subjects linked to accounting, in addition to certificates like CPA (Certified Public Accountant) or CMA (Certified Management Accountant). Because of their in-depth understanding of fundamental financial concepts and their extensive experience in this area, they are able to deliver useful financial insights and make strategic recommendations for the company.

Timeframe and Frequency:

In most cases, the responsibilities associated with bookkeeping are completed once per day or once per week. It is essential to keep financial records up to date in order to maintain accuracy and ensure that accounting processes proceed without a hitch. In contrast, accounting duties are more periodic in nature and are typically carried out on a monthly, quarterly, or annual basis, depending on the demands of the company and the regulations imposed by the regulatory authorities.

Focus on Compliance and Strategy:

The primary goals of bookkeeping are to keep accurate records and to adhere to the rules and regulations that govern the industry. It lays the framework for proper financial reporting by ensuring that the financial transactions of the company are correctly recorded and organised. On the other side, accounting places a strong emphasis on decision-making, in addition to strategic planning and financial analysis. Bookkeepers generate financial data, which accountants then analyse in order to assist firms in understanding their current financial health, locating areas in which they may improve, and making long-term growth plans.

Final Thoughts:

Even though bookkeeping and accounting are very closely tied to one another, they are used for very different things when it comes to the management of a company's finances. VNC Global, which is regarded among the best bookkeepers services provider in Australia, is aware of the significance of both roles in ensuring the continued prosperity and financial well-being of a wide range of business sectors. Bookkeepers play a crucial role in the recording and organisation of financial data, while accountants offer useful insights and strategic counsel based on the information provided by bookkeepers. Bookkeepers play a fundamental role in documenting and organising financial data.

It is essential for companies that want to optimise their financial operations and make educated decisions to have a solid understanding of the differences between bookkeeping and accounting. VNC Global is your reliable partner, providing outsourced bookkeeping services in Australia. Whether you require accurate record-keeping or extensive financial analysis, VNC Global can provide both. Get in touch with us as soon as possible to take the financial management of your company to new heights.

[maximumpostcreator]

Rightpath GS for Streamlined P2P Processes

In our previous posts, we explored the strategic layers of Accounts Payable (AP) transformation – understanding the broader Procure-to-Pay (P2P) journey, identifying key transformation  drivers, and walking through milestone events after a purchase order is raised. Now in Part 4,  we zoom in on the operational side: how invoices are received, processed, and paid. This is the  backbone of AP, where the right mix of systems and people creates flow, efficiency, and control. 

Invoice Receipt: The Starting Line of Execution 

Invoices can arrive in several ways, depending on your organization’s P2P maturity. While  rare, hard copies still show up via post or hand delivery. More commonly, invoices arrive as  soft copies – emailed directly to employees, sent to central invoice inboxes, uploaded to shared  folders, or submitted through supplier and workflow portals such as Coupa. 

This variety demands a clear intake process. Without consistency in how invoices are received  and captured, delays and inaccuracies can creep in right from the beginning. 

Invoice Indexing and Validation: Where Accuracy Takes Over 

Once received, invoices are typically scanned and digitized using OCR (Optical Character  Recognition) technology. Indexing involves verifying the extracted data – like supplier details,  invoice numbers, dates, PO references – and ensuring it’s complete and accurate. This step  prevents issues further down the line and ensures only clean invoices proceed to the next stage, Streamline your accounts payable with RightPath GS. 

Streamline Your Accounts Payable

Invoice Processing: Routing Based on Invoice Type 

At this stage, invoices are categorized and handled based on their type. For PO-based invoices  with a three-way match, the invoice is checked against the purchase order and the goods receipt.  If quantities and prices match, the invoice is either auto-posted or manually posted into the  ERP. 

In cases of two-way matching – typically in service-based organizations where a GRN isn’t  applicable – the invoice is matched to the PO and sent for approval. For non-PO invoices, the  AP team codes the invoice by assigning appropriate GL accounts and cost centres. Once coded,  it’s routed for approval. Some invoices, once validated, are already preapproved and can be  posted directly into the system, RightPath GS offers comprehensive accounts payable management services 

Invoice Approval: Ensuring Control and Accountability 

Approval processes vary by invoice type. A three-way matched PO invoice with no  discrepancies may not require separate approval and can be posted directly. Two-way matched  invoices need confirmation before posting. Non-PO invoices always require approval after  coding. This step builds financial governance into the process, ensuring spending is visible,  approved, and aligned with budgets.

Invoice Posting: Recording the Financial Obligation 

Once approved, the invoice is posted into the ERP system. This action records the liability,  updates the supplier’s account, and prepares the invoice for payment. In automated systems, this is typically seamless. In other workflows, the approved invoice may return to the AP team  for manual posting. 

Accurate and timely posting ensures clean financial records, supports reporting requirements,  and sets the stage for reliable cash flow management. 

Accounts Payable Solutions

Invoice Payment: Completing the AP Cycle 

The final step is payment. Organizations run payments on predefined schedules – weekly,  biweekly, or monthly – based on terms agreed with suppliers. The AP team initiates payment  runs for all due invoices. Whether payments are made through bank transfers, digital platforms,  or cheques, this step finalizes the AP process and closes the loop. 

Timely payments improve vendor relationships, reduce the risk of penalties, and open doors  for early payment discounts – transforming AP from a back-office function into a strategic asset. 

Transforming AP Execution Starts with Clarity 

Each step of the Accounts Payable process plays a role in building operational efficiency,  financial accuracy, and vendor trust. From how invoices arrive to how payments are released,  the journey needs clarity, structure, and the right tools. 

At Right Path, we help businesses uncover these hidden opportunities for streamlining. Our  Free Procure-to-Pay (P2P) Assessment is designed to evaluate your current workflow, flag  improvement areas, and offer custom recommendations – all tailored to your operational needs. Explore our website and claim your free assessment today. Let’s make your AP transformation  not just a project – but a business breakthrough. For more information click here: - https://rightpathgs.com/blogs/

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Top Industries Benefiting from Outsourced Accounting Services

Managing finances is one of the most critical yet challenging aspects of running a business. As companies strive to streamline operations and focus on their core functions, outsourced accounting services have emerged as a game-changing solution. Whether you're a startup or a growing enterprise, outsourcing your accounting needs can significantly reduce overhead, improve accuracy, and drive business growth.

In this blog, we’ll explore what outsourced accounting services are, their benefits, how they work, and why partnering with a professional firm like Capthical is the best choice.

What Are Outsourced Accounting Services?

Outsourced accounting services refer to hiring a third-party firm or agency to handle your business’s accounting and financial tasks. Instead of maintaining an in-house accounting team, businesses rely on external experts for services like bookkeeping, payroll processing, tax preparation, accounts payable/receivable, and financial reporting.

This strategic move not only helps reduce operational costs but also gives businesses access to experienced professionals, advanced tools, and a scalable solution for managing finances.

Benefits of Outsourced Accounting Services

There are numerous advantages to outsourcing your accounting functions. Below are some of the most impactful benefits:

1. Cost-Effective Financial Management

Outsourcing eliminates the need for full-time in-house accountants, saving businesses money on salaries, benefits, training, and infrastructure. You only pay for the services you use.

2. Access to Expertise

By choosing outsourced accounting services, you gain access to a team of highly skilled professionals who are up to date with the latest financial regulations, accounting standards, and industry trends.

3. Focus on Core Business Activities

With your finances in the hands of experts, you and your team can focus on what matters most — growing your business, improving customer service, and innovating products or services.

4. Improved Accuracy and Compliance

Professional accounting firms use sophisticated tools and double-check systems to ensure accuracy. They also help you stay compliant with tax regulations and financial laws, reducing the risk of audits or penalties.

5. Scalability and Flexibility

As your business grows, so do your financial needs. Outsourced accounting services are easily scalable — you can increase or reduce the scope of services as required without hiring new employees.

Types of Outsourced Accounting Services Offered

Outsourcing providers like Capthical offer a wide range of financial services tailored to meet diverse business needs:

1. Bookkeeping Services

Routine bookkeeping tasks like data entry, ledger management, and bank reconciliations are handled efficiently and accurately.

2. Payroll Processing

Managing employee payments, deductions, tax filings, and salary disbursements are part of comprehensive payroll services.

3. Tax Preparation and Filing

Outsourced accounting firms prepare accurate tax reports and ensure timely filing, helping you maximize deductions and remain compliant.

4. Financial Reporting and Analysis

Receive monthly, quarterly, and yearly financial reports that help you make informed business decisions.

5. Accounts Payable and Receivable Management

Keep track of your incoming and outgoing payments with expert handling of invoices, payments, and collections.

Why Businesses Are Switching to Outsourced Accounting Services

The shift to outsourced accounting isn’t just a trend — it’s a necessity for modern businesses. Here's why so many companies are making the switch:

Remote-friendly and digital-ready services allow seamless financial operations, even when working virtually.

Automation and cloud-based tools reduce manual errors and speed up financial workflows.

Custom packages are available to fit businesses of all sizes — from solopreneurs to enterprises.

Real-time financial insights provide better visibility into your company's performance.

How Capthical Excels in Outsourced Accounting Services

At Capthical (https://capthical.com/), we understand that managing your business finances requires more than just crunching numbers. Our outsourced accounting services are designed to deliver value, transparency, and scalability.

Here’s what sets us apart:

✅ Industry Experience

Our team comprises certified accountants and financial professionals with years of experience across various industries.

✅ Customized Solutions

We don't believe in one-size-fits-all. Whether you need end-to-end accounting or just monthly bookkeeping, we tailor our solutions to your exact needs.

✅ Advanced Technology

We use the latest cloud-based accounting software and tools to offer secure, real-time access to your financial data.

✅ Compliance and Accuracy

Our experts ensure full compliance with local and international financial regulations, giving you peace of mind and error-free reporting.

✅ Transparent Pricing

No hidden fees or surprises — our pricing is competitive and clear, making it easy for you to budget effectively.

Choosing the Right Partner for Outsourced Accounting Services

Before selecting a service provider, consider these key factors:

Reputation and client testimonials

Technology and tools used

Availability and communication

Industry expertise

Security and data protection measures

Capthical ticks all the boxes, making us your ideal partner in outsourcing financial functions.

Industries That Benefit from Outsourced Accounting Services

Outsourced accounting isn’t limited to any specific industry. It’s beneficial across:

E-commerce and retail

Healthcare and medical practices

IT and software companies

Manufacturing and logistics

Professional services (law firms, consultants)

Startups and growing businesses

No matter your industry, Capthical can customize accounting services to suit your unique requirements.

Take the Stress Out of Accounting — Partner with Capthical

If managing your accounts is draining your time and resources, it’s time to explore the benefits of outsourced accounting services. At Capthical, we offer expert financial solutions that help you stay compliant, accurate, and financially healthy — all while letting you focus on business growth.

🚀 Ready to transform your financial operations? 👉 Get in Touch with Capthical Today! 📞 Schedule a Free Consultation 📧 Contact Us for Customized Accounting Solutions

Let Capthical handle your books so you can handle your business!

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What Should You Understand About Bookkeeping in Parramatta?

Bookkeeping in Parramatta plays a foundational role in supporting the financial operations of businesses across this thriving commercial hub. Whether you're running a local shop or managing a growing company, organised financial records are essential for accurate reporting, legal compliance, and long-term planning.

What Does Bookkeeping Involve?

Recording Transactions: Bookkeepers document every financial transaction a business undertakes, including sales, purchases, payments, and receipts. This data is sorted into categories to provide an accurate picture of income and expenditure.

Bank Reconciliation: Regular reconciliation ensures that bank statements match internal records. It helps detect discrepancies, such as duplicate entries or unauthorised payments.

Accounts Payable and Receivable: Tracking what the business owes to suppliers and what it is owed by customers ensures consistent cash flow and reduces the risk of missed payments or overdue invoices.

Why Is It Especially Important for Businesses in Parramatta?

Rapid Growth: Parramatta is one of Australia’s fastest-growing business regions. As businesses expand, their financial systems must become more structured to support scalability.

Diverse Business Types: The area includes everything from hospitality and retail to professional services and manufacturing. Bookkeeping needs vary accordingly, and local understanding is valuable.

Regulatory Compliance: Businesses operating in Parramatta must meet all state and federal compliance requirements. Accurate bookkeeping ensures readiness for audits, tax returns, and financial disclosures.

What Are the Benefits of Reliable Bookkeeping?

Financial Clarity: Regular, accurate records help business owners understand cash flow, profitability, and budgeting needs, aiding better decision-making.

Tax Efficiency: Well-maintained records simplify tax preparation and reduce the risk of overpayment, underpayment, or penalties during reporting periods.

Improved Credibility: Investors, lenders, and stakeholders are more likely to trust a business with clear, professional financial records.

What Tools and Methods Are Commonly Used?

Cloud-Based Software: Digital tools allow real-time access to financial data, automatic updates, and integration with other business systems like payroll and inventory.

Single vs Double Entry: Small businesses may use single-entry systems, while double-entry bookkeeping is standard for larger operations due to its accuracy and balance-checking capabilities.

Manual Checks: Even with software, regular human oversight is essential to catch anomalies, validate data, and adjust for unique entries.

What Challenges Do Businesses Face Without Proper Bookkeeping?

Cash Flow Issues: Without visibility into income and expenses, businesses may overspend or run into payment difficulties.

Missed Deadlines: Disorganised financial records can lead to missed tax filings, forgotten invoice due dates, and compliance problems.

Lack of Insight: Businesses without structured bookkeeping often struggle to analyse performance or plan for the future.

How Can Businesses in Parramatta Maintain Good Bookkeeping Practices?

Routine Updates: Entering data daily or weekly reduces the risk of errors and helps businesses stay on top of their financial situation.

Separation of Finances: Business and personal finances should be kept separate, ensuring cleaner records and simplified reporting.

Documentation: Retaining receipts, invoices, and bank statements in digital or physical form helps back up entries and supports financial transparency.

Conclusion

 bookkeeping in Parramatta is a vital service that underpins sound business management in a region known for its commercial diversity and pace of growth. Whether for compliance, clarity, or control, good bookkeeping supports financial stability and strategic progress.