“Did you hear about the accountant who became an embezzler? He ran away with the accounts payable!”
JACKIE MASON
Bill.com is an AP automation company that makes it easier to manage the accounts payable and receivable process for SMB’s. This blog always likes to dig deeper, so let us start at the basics, what are accounts payable and receivable?
A good mental model for companies is to think of them as product transformers. They take inputs (raw materials) and transform them into outputs (products). Value is created when the finished products can be sold to the consumer at a higher price than the cost it took to procure and transform the inputs. Inputs for one company can be outputs of another company – its specialization all the way down.
Continue reading “Cash rules everything around me – a look at Bill.com (NYSE: BILL)”