CANALITIX ACCOUNTANTS are at the forefront of digital accounting. Digital Accounting involves the integration of data capture technology with cloud accounting software to provide a truly digital working environment for bookkeepers and accountants.
The accounts payable function is the most cost-consuming area of many businesses. Suppliers invoices which arrive in the post, by courier or emails must be collated and managed by accounts payable teams.
Even with the most sophisticated purchase order system, companies must still wait for the arrival of a supplier invoice before settlement can take place. Late payment may have cashflow advantages, but it could also lead to reputational damage, late payment charges and negative credit ratings