Articles and updates on accounts payable automation, invoice processing and finance operations.
A stale check is one presented more than six months after it was written. See how many months banks honor them and how AP should handle uncashed vendor checks.
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.
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 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.
Read articleSupply chain finance lets suppliers get paid early on your credit while you keep standard terms. See how it works and how it differs from factoring.
Read articlePositive pay is a bank service that matches checks you issue against those presented for payment. See how it works, the types, ACH positive pay, and cost.
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