Let us first make it clear what does Account Payable mean. It is an account that is found within the general ledger of a company. It represents the company’s obligation and liability to pay-off the short term creditors t...
What does outsourcing mean? It is the act of hiring a third party outside the company for performing services and producing goods that were performed by the in-house part of the company. On the other side, outsourcing ac...
Many think and often get confused between the terms: accounting and bookkeeping. But, the reality is that they are entirely different things, although they are closely and quite intricately related. That is why the terms...