The healthy gross and operating profit margins in the above example enabled Starbucks to maintain decent profits while still meeting all of its other financial obligations. In essence, gross profit gi…

Technology has redefined fiscal operations management standards by reducing human errors, offering real-time data, and facilitating comprehensive analytics. Today’s accounting tools offer real-t…

For example, control of the commodities may be transferred when the product is shipped, although the physical delivery may only be complete when the product arrives at its destination. If the contract…

However, not investing in some form of AP support will cost you more in the long run. Especially if your business is still tied to paper processes and manual data entry. The primary job of an outsourc…