Articles by Mike Flanagan
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Accounts payable internal controls: A complete guide
Accounts payable internal controls are processes that protect your company from payment fraud, duplicate invoices, and errors in the AP workflow.
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How to send an invoice: A step-by-step guide
Sending an invoice correctly requires itemized charges, clear payment terms, and prompt delivery to reduce payment delays and maintain steady cash flow.
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Accounts payable approval process: A complete guide
The accounts payable approval process structures how businesses verify, approve, and pay vendor invoices with controls that prevent fraud and ensure compliance.
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What is OCR invoice processing in accounts payable?
OCR invoice processing converts invoice images into machine-readable data automatically, eliminating manual data entry from accounts payable workflows.
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What are net 60 payment terms? Definition and guide
Net 60 is a payment term giving buyers 60 calendar days to pay an invoice in full, used as interest-free trade credit in wholesale and B2B relationships.
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Invoice fraud: What it is and how to protect your business
Invoice fraud involves submitting false or manipulated invoices to extract unauthorized payments by exploiting gaps in accounts payable processes.