
Education
Master of Accounting from the University of Kansas
Expertise
Accounting, Taxes, Auditing
Articles by Katie Minion, CPA

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ACH credit vs. ACH debit: What's the difference?
ACH credits push funds from the sender's account; ACH debits pull funds from the payer's account with prior authorization. Both settle in 1–3 business days.

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Where does accounts payable go on a balance sheet?
Accounts payable appears under current liabilities on the balance sheet, where it records the short-term amounts your business owes its suppliers.

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Accounts payable vs. accrued expenses: Key differences
Accounts payable are amounts owed after receiving an invoice. Accrued expenses are costs incurred but not yet billed, recorded as estimates at period end.

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Accounts payable reports: types & examples
Accounts payable reports summarize unpaid vendor invoices, amounts owed, due dates, and payment statuses to help finance teams manage cash flow.

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What is 2-way matching in accounts payable?
2-way matching compares each invoice to its purchase order, checking quantity, price, and terms to catch overpayments before you pay.

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How to pay an invoice: A step-by-step guide
An invoice payment is a payment made to a vendor after receiving a bill for goods or services, processed through methods like ACH, check, or card.