Beyond just statistics and financial data, finance is a complex and varied process. Thanks to the power of data analysis and forecasting, these responsibilities have become more streamlined and efficient than ever before. It is a discipline that offers accountants and CFOs a unique opportunity to derive valuable insights, troubleshoot problems, and manage their company's…
read moreTracking your business expenses is a key activity that should not be ignored in any given month. By tracking your expenses correctly you can keep your finances ahead of time and avoid overspending. Here are a few reasons why you should keep an eye on your expenses. Prime reasons you should track and monitor your…
read moreThe development of artificial intelligence (AI) is actively pursued by leading technological companies. Recognizing AI's capabilities for enhancing day-to-day business operations, many companies have already adopted AI through the use of AI chatbots and for research purposes. Accounting and bookkeeping, in particular, are two occupations that can benefit from AI, as it can assist accountants…
read moreAP (Accounts payable) and AR (Accounts receivable) are interrelated. That’s why understanding the AR AP cycle and it is important to understand what they are.Accounts receivable refers to the sum of money a company is entitled to receive from its clients or customers against the services or products sold on credit. Accounts receivables are also…
read moreInventory cycle counting is an effective check-and-balance process to verify the in-stock inventory and reset any inaccuracies found in the process. inventory cycle counting eliminates the need of counting the whole inventory in a particular warehouse. A small set of items is picked instead and taken as a reference to compare it with the count…
read moreManual reconciliation is quite time-consuming and susceptible to errors. Since reconciliation is an essential aspect of every business, it becomes difficult to get an exact idea about the business finances without accounting reconciliation. Account reconciliation automation is a great way to make your accounting more efficient and fraud-free. So, what is accounting reconciliation and what…
read moreRobust financial management is the backbone of any business and it becomes even more important during a crisis.
read moreChoosing the right business Cash flow optimization and increasing profitability always top the priority list of every business, and that’s why you need simple accounting software that makes your team proactive. Various business accounting software Whether you are a startup, small business, or an established enterprise with a large workforce and footprint, you need accounting…
read morePayroll automation can save your business from undesirable errors and time-consuming processes. Whether you are a small business or a big business with a large employee base, automation in payroll can help you streamline a myriad of business processes. Before we go through the benefits of payroll automation, let’s first understand what it is. What…
read moreOverview Key performance indicators (KPIs) are important metrics that help organizations understand how well they achieve their goals. When it comes to
read more
