10 Accounts Payable Automation Best Practices
Armed with accounts payable (AP) automation software and some AP best practices, your team can recoup hours now spent on manual data entry. You’ll waste less time hunting down the status of any given transaction…
10 Benefits of Business Process Automation
To ensure employees don’t skip steps in workflows, overlook details, repeat tasks unnecessarily or abandon tasks before completion, businesses establish standardised processes. These business processes ensure…
10 Key Accounting Software Benefits for Businesses
Accounting software helps to simplify, automate and manage tax, payment, billing and inventory. Here’s how it can improve a business’s operations, revenue and profit…
10 Key Benefits of AP Automation
Accounts payable (AP) automation software empowers businesses by reducing manual tasks and freeing up cash flow. You can submit invoices, manage approvals and process payments through a single platform with…
17 Biggest Accounting Challenges and Solutions in 2022
From managing disclosures and risk factors in financial reporting, to continued remote work, 2022 will bring challenges for accounting. Here’s how to prepare…
Beginner’s Guide to Accounting for Nonprofit Organisations
This guide teaches nonprofit organisations about accounting standards, rules and how to handle common issues. Accounting experts share concepts, formulas, sample financial statements and a free getting started guide.
Beginner’s Guide to Lease Accounting
Use this lease accounting guide to learn about the types of leases, how to present them on financial statements, calculations and the changes in the laws. CPA and CVA Denise Hozza shares expert advice for operationalising the new standards.
Benefits of Accounting Software with Inventory Tracking
Among the reasons organisations decide whether or not to purchase and implement accounting software is whether or not the software can reduce costs…
Can Accounting Software Help Reduce Costs?
Among the reasons organizations decide whether or not to purchase and implement accounting software is whether or not the software can reduce costs…
Chief Financial Officer (CFO) Defined: Role, Responsibilities and Skills
Big public companies may have defined the CFO role, but the chief financial officer position is becoming increasingly common in midsize and even small firms. Recent postings for full-time CFOs on job-search sites…
Essential Guide to Managerial Accounting
This guide includes everything you need to understand management accounting. Our accounting experts provide definitions, formulas, examples, advice and helpful visuals.
FIFO, LIFO & Average: Comparing the Accounting Software Inventory Costing Methods
All businesses want to run smoothly, have happy customers who return to buy more of their products and, of course, turn a profit on a consistent basis. Having a steady flow of…
Fixed-Asset Accounting Basics
This guide includes everything you need to understand and begin fixed-asset accounting. Our accounting experts provide…
How Accounting and Inventory Software Will Make Your Next Audit a Breeze
While business audits can feel overwhelming from a data-gathering standpoint, they are a necessary component of business operations. But instead of dreading audits…
Project Accounting Concepts and Business Calculations
This guide provides students and professionals everything they need to know to understand project accounting. Our accounting experts explain definitions, formulas, examples, practical expert advice, visuals and guidance that will help you master project accounting.
The New Lease Accounting Regulations: ASC 842 and IFRS 16
Now that public companies have adopted ASC 606 for revenue accounting and private companies are on track to do the same by the end of this year, a new accounting change is on the way that will address the way…
Top 15 Small Business and Startup Accounting Tips
Proper management of a business’s finances, and having someone dedicated to that process, is a crucial component of success for small businesses and startups alike…
Wayfair Tax Policy Revisited
On June 21, 2018 the landscape of Ecommerce in the U.S. forever changed thanks to South Dakota sales tax. The U.S. Supreme Court Wayfair Decision ruled in favor of South Dakota and sent the case back to the state…
What Accounting Software do Start-ups Use?
Start-ups are often defined by innovation, youth, hardworking staff and long hours. Decisions made early on can have tremendous impact on the eventual success of the…
What are the Differences Between Cloud Accounting Software and On-Premise Accounting Software?
From the abacus to the Incan quipu knot system, to written ledgers, adding machines and calculators, people have been using accounting tools for centuries. Today, most accounting professionals rely…
What Are the Risks of Inaccurate Financial Reporting?
Bad decisions. Reputational damage. Penalties and fines. Understand the causes and risks of inaccurate financial reporting and how to avoid them.…
What Is Financial Close and Why Is It Important?
Closing the books can be a time-consuming process. Finance teams should explore best practices that increase efficiency and reduce errors. Automation can help…
