Articles and updates on accounts payable automation, invoice processing and finance operations.
Virtual card payments use a single-use card number locked to one vendor and one amount. See how the rebate works, which suppliers accept them, and where they fail.
Read articlePrepaid expenses are costs you paid before receiving the benefit. See the journal entries, the amortization schedule, and how AP catches them before they post wrong.
Read articleA stale check (stale dated check) is one presented more than six months after it was written. See how many months banks honor them, how AP should handle uncashed vendor checks, and when to escheat.
Read articleBackup withholding means holding back 24% of a vendor payment and sending it to the IRS. See what triggers it, when it starts, and how AP teams avoid it entirely.
Read articleACH is one type of EFT, not a competing method. See how ACH, wires, cards, and RTP compare on cost, speed, and reversibility, and which fits vendor payments.
Read article1099-NEC reports payments for services. 1099-MISC reports rent, royalties, and other nonservice income. See which form each vendor payment needs and the 2026 rules.
Read articleW-9 vs 1099 for accounts payable: what each form does, who fills it out, the new $2,000 1099-NEC threshold for 2026, and when to collect a W-9.
Read articlePurchasing vs procurement: procurement is the full strategic sourcing process; purchasing is the transactional buying step inside it. See how they differ.
Read articleEscheatment turns unclaimed vendor checks and stale credits over to the state. See dormancy periods, due diligence rules, and how to handle outstanding checks.
Read articleDynamic discounting lets buyers take a sliding early-payment discount funded from their own cash. See how it works, the formula, and how it beats static terms.
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