Year: 2024

Understanding Purchase Orders in the Accounts Payable Cycle: Why They Matter for Your Business

In the bustling world of small business finance, clarity and control over spending are pivotal. One tool often misunderstood yet crucial for managing finances effectively is the purchase order (PO). As a fractional CFO, I’ve seen firsthand how integrating POs into the accounts payable (AP) cycle can transform a company’s …

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The Crucial Role of Separation of Duties in Payroll Processing: Safeguarding Your Company’s Assets

In the intricate world of business operations, few functions carry as much weight and complexity as payroll processing. For companies, especially small to mid-sized enterprises, ensuring accurate and timely payroll is not just about compensating employees—it’s about safeguarding financial stability, compliance, and reputation. In this blog post, we delve into …

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