These examples highlight why salvage value is an important financial estimate. Whether dealing with vehicles, equipment, or property, businesses must consider depreciation, maintenance, and market conditions when determining an asset’s final worth. Investors and stakeholders often look at asset values, including salvage value, to assess how well a company manages its assets. A business that...

Top-performing accounts payable departments typically process invoices within 3-5 days, maintaining accuracy rates above 98%. But paper and manual processes will only make achieving your goals more difficult. Implementing an accounts payable automation solution is the way to move your AP department to the next level and, eventually, to best-in-class status. Every business owner should...