Changelog New: Advanced fields for NetSuite, QuickBooks, and Xero We’re excited to announce that Routable now supports a two-way synchronization for advanced fields from NetSuite, QuickBooks, and Xero.
Accounting What is accounts receivable? Accounts receivable is money owed to your business by your customers for goods and services. In this blog, we'll cover what is considered accounts receivable, what the different types of receivable accounts are, and how it affects cash flow.
Accounting A guide to vendor management Implementing a vendor management process may feel arduous, especially when a vendor list remains small. But the benefits that result from a careful selection of what suppliers and services a business uses creates a sustainable landscape for operations.
How to ramp up your accounting function before your Series A Having solid financial operations is essential for running a business and for raising money. Here's how to make sure your finances are in order before your Series A.
Accounting Invoice reconciliation and the future of accounts payable automation Together, AP automation technologies like OpenEnvoy and Routable allow financial teams to focus on their important, strategic projects rather than becoming bogged down by repetitive tasks.
Developer How business payments are like pull requests The insight that payments are a lot like pull requests has remained a core part of Routable's DNA to this day — it influences everything we do.
Accounting What is a controller? A controller's focus is on financial reporting analysis, preparation of financial statements like income statements, control monitoring, and compliance. They help break down, interpret, and translate reports and finances to the company.
Accounting Why your outsourced CFO’s technology matters Technology influences every decision a CFO makes. To help your startup grow, your CFO must have a strong understanding of the latest financial technology.
Company news Introducing our integration with Oracle NetSuite Power your B2B payments with Routable, the first payments platform that supports a reliable bi-directional sync of bills, invoices, vendors, customers, accounts and application data with NetSuite.
Accounting What are generally accepted accounting principles? Knowing what GAAP is and why it is beneficial to your company as a reporting option will make a difference for company growth, investor speculation, and auditor review.
Accounting What is 3-way matching in accounting? A three-way match compares for accuracy across the purchase order, receipt, and invoice. Learn more about how it works and how it prevents fraud.
Changelog New: Routable now supports addenda records for ACH payments We’re taking our customer’s business needs one step further by enabling addenda records for ACH transactions! With this feature, we’re excited to provide a more comprehensive payment solution to our customers.
Accounting What's the difference between a 1099 and a W2? The benefits, disadvantages, and legal differences between these groups can be confusing, and the penalties for business owners that misfile adds to the intimidation. We'll cover the differences between 1099 and W2 forms.
Accounting The difference between payments and disbursements A payment is the agreed value of a product or service. A disbursement is a payment from a dedicated fund. We'll cover the differences between payments and disbursements and how they're used.
Accounting Setting up ACH payments for your business: What you should know If you’re considering implementing ACH payments for business-to-business (B2B) transactions, there are a few basics you should know.
Getting Started What is accounts payable? An overview of the AP function Accounts payable is what your company owes to its suppliers, creditors, and vendors for purchases of goods and services. Read more to find out more what falls under accounts payable management and the responsibilities of the AP department.
Accounting What does 2/10 net 30 Mean? 2/10 net 30 is a trade credit offered by the seller to the buyer for their purchase. If a buyer is able to pay an invoice in full within the first ten days, they will receive a 2 percent discount on the net amount. Learn why this is important for your business cash flow.
Getting Started ACH vs. wire transfer: Which is better for your company? Electronic payments generally fall into two categories: automated clearing house (ACH) payments and wire transfers. Which is better for your company? Let’s take a look at each method, along with its advantages and disadvantages.
Finance Team Why you should automate your AP process AP automation allows you to verify invoices without manual data entry, pay vendors on time, and free up your AP team from manual tasks.
Finance Team 5 reasons CFOs should automate accounts payable With constant pressure to act as a strategic partner to the business, CFOs need to automate their team’s payables and bookkeeping processes so that they can focus on decision-making and leadership.
Changelog New: Configure multiple levels of approval into your workflow We’re excited to announce multiple levels of approval, a new workflow feature in our accounts payable automation solution. With this update, you can configure your workflow to allow for multiple approvers on bills over a specific dollar amount.
Company news Designing a Sound Data Security Program - Announcing Routable’s SOC2 Type 1 Certification Your experience in working with our platform has to be the best ever, and we know that includes securing the data you trust us with.
Changelog A True Vendor and Customer CRM Today we're announcing AP/AR that works just like email with threading and multiple contacts to help you pay and get paid more quickly.
Company news Announcing $12M in Series A funding Routable’s mission is to remove the burden of the bill payment and invoicing processes, so that businesses can focus on scaling their core product offerings without worrying about payments. We’re excited to continue this journey with our customers, team members, advisors, and investors.
Finance Team When To Hire A Corporate Controller There comes a point when you need to bring these responsibilities in-house. But how do you identify the right moment to hire a corporate controller, and what are the important questions to keep in mind throughout the process?
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