Tracking 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 moreIn today's fast-paced and ever-changing world, making sound decisions is paramount to achieving financial success. Whether managing personal finances or making decisions for your business, having a strategic approach can make all the difference. In this blog, we will explore six powerful tips for financial decision-making that can help you navigate the complex financial landscape.…
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 moreAutomation has become an essential part of our life. From chatbots to kiosks, and AI-powered gadgets, automation is everywhere. And why work hard when you can work smart? In the world of finance and accounting,
read moreIntroduction As we know, in 2023, with the post-pandemic recovery, there’s a subtle need for a sustainability agenda in business plans. Many startups and SMEs are now focusing on sustainability-driven strategies to stay in the game for the long run. These strategies can’t forecast without looking over the new possible trends startups, and SMEs can…
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