article thumbnail

Filling The Gaps During A Recession

Chief Executive

If you’re in finance, you may start falling behind on accounts payable or other critical tasks. Let’s say you’ve enacted a hiring freeze during an acquisition or a divestiture. If you’re in payroll, getting payroll executed on time just got a whole lot harder.

article thumbnail

Elevating the Event Space | Kraig Kleeman

Peter Winick

And they were selling a product that a very, very expensive software product that they were selling to the global 2000 companies to really optimize their accounts payable process, automated optimize that they can drive the costs, the process in order down from an average of north of $6 to a dollar, $1 $14.50

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The 2023 Tax Deduction Cheat Sheet

Zenefits

Collect receipts, travel reimbursements, vendor payments, and all accounts payable data from your accounting system or team. Check in with HR, which will have access to the annual payroll taxes and employee W-2 and W-9 forms. Review your business structure to determine whether or not a different one makes sense.

Insurance 105
article thumbnail

HR Finance 101: A Guide To Finance for HR

AIHR

For example, when a business purchases a new asset worth $1,000 on credit, the amount would be entered as a debit in the equipment (asset) account and a credit in the accounts payable (liability) account. A transaction is entered into an accounting record, typically in the ledger. Transaction.

Cash Flow 136
article thumbnail

Why Your Business Needs To Pay Attention To Deepfakes

Chief Executive

When is the last time you jumped on a call or video conference with your CFO or head of Accounts Payable? While these are generally one-way presentations, the time is fast approaching in which they will be able to interact. Why should corporate leaders care? Buy a product?

article thumbnail

Future-Proofing Your End-To-End Supply Chain For 2023

Chief Executive

To preserve cash, in addition to optimizing your accounts payables and receivables processes, executives should first think about resetting raw material cost expectations with signs of deflation already showing in post-peak material pricing.

article thumbnail

Why Is Cash Flow Important To Survive In Our Tough Business Climate?

Growth Institute

Your management team should direct its focus to the following figures on a balance sheet, which are the operations that are management’s responsibility to address: Accounts Receivable —How quickly your company receives payment. Accounts Payable —How quickly you pay suppliers’ invoices. What’s Your Cash Flow Management Story?