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5 Best Accounts Payable Systems
With an expected growth rate of 12.5%, the Accounts Payable automation software market will likely increase to $7.5 billion by 2030 [1]. However, despite many successful case studies, some companies...
5 Best Accounts Payable Systems
With an expected growth rate of 12.5%, the Accounts Payable automation software market will likely increase to $7.5 billion by 2030 [1]. However, despite many successful case studies, some companies...
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Bill.com vs QuickBooks Online: Which is Best for Your Business in 2024?
Running your small business without accounting software and a qualified accountant can be a headache, especially when it continues to scale. These programs help you crunch the numbers and effectively...
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QuickBooks Accounts Payable Automation
QuickBooks Online and QuickBooks Desktop allow you to pay bills and invoices when you input the information into their system and then pay directly from your bank account. This process...
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10 AP Automation Best Practices for 2024
Managing accounts payable in a business isn’t child’s play. It is one of the highest-stakes tasks there is for any modern business. After all, every thriving business needs to pay...
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Revolutionize Your Accounting Projects: Discover the Top Accounting Project Management Software in 2024
Finance and accounting teams, large or small, juggle numerous projects, tasks, plans, and people. They often find themselves flooded with piles of paperwork and bills. As such, having the right...
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15 Accounts Payable Best Practices in 2024
Accounts Payable tasks are essential for preserving a strong vendor relationship and a healthy cash flow. Unfortunately, AP teams usually face multiple challenges in their daily work. Discrepancies between invoices...
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Top 4 Divvy Alternatives
Divvy, now officially Bill, is a platform for Accounts Payable, Receivable, Spend, and Expense Management. Users can centralize cash management for all inflows and outflows through a cloud-based solution and...
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Accounts Receivable Automation Benefits That Propel Business Growth
Check out the top 8 accounts receivable benefits that can provide your business processes with a much-needed boost in efficiency.
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The 7 Key Best Practices in Accounting That You Should Be Aware Of
According to a recent study by the U.S. Bank, most new businesses fail within five years. 82% of the time, cash flow management caused the problem. [1] This is disheartening since cash flow...
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How to Calculate Liabilities
Learning how to calculate liabilities accurately is important in financial reporting. Liability – the accounting jargon usually used to refer to debt – refers to financial transactions resulting in an...
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What Can A CPA Do That An Accountant Can’t
We all know accountants are important. They help us keep track of our financial transactions, prepare our taxes, and ensure we stay within the law. But what do CPAs do? ...
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Are Client Gifts Tax Deductible?
A gift is an excellent way for business owners to show appreciation for valued clients, and it is estimated that the US corporate gifting market will reach an impressive $242...
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How to Forecast Accounts Payable
In this blog post, we'll show you how to forecast your Accounts Payable and some tips on financial planning to help you make the most of your time and money....
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What Are the Different Types of Accountants and What Do They Do?
When most people think of accountants, the first thing that comes to mind is someone who helps you file your taxes. While this is one role that accountants play, they...
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Accountancy vs. Accounting: What’s the Difference?
"Accountancy" is not the same as "accounting" even if people often use them interchangeably. These two terms are familiar to anyone interested or involved in finance, and many do not...
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CPA for Small Business – When Should You Get One?
If you're a small business owner, you may wonder if you should get a Certified Public Accountant (CPA) and what their role in a business is. After all, you're just...
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Inhouse Accountant – Do You Really Need One?
Starting and running your own business can be challenging. From writing a business plan to market research, securing funding, managing time and cash flow, and hiring the right people -...
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How to Reconcile Accounts Payable
Too often, accounts payable reconciliation has a lower priority compared to bank reconciliation or accounts receivable reconciliation - and this needs to change. Paying obligations on time is vital for...
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How to Forecast Accounts Receivable for Small Business
Forecasting is a valuable skill that allows small businesses to make informed decisions. However, it may not feel like a priority, with so many other things to consider. Forecasting accounts...
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Bookkeeper vs. CPA – What are the Main Differences?
Entrepreneurs know that finances are integral to running a company. As soon as you start your business activities, you need money. Money to get your company off the ground, purchase...
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Can Depreciation Be Negative?
Negative depreciation can cause warning bells to start ringing, but there are situations where depreciation is negative and still correct. If you’re looking at the balance sheet, Accumulated Depreciation should...
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What Are the Legal Liabilities of an Accountant
Accountants are regarded as some of the most important individuals in the corporate world. After all, it is the accountant’s responsibility to monitor a company's finances and ensure everything is...
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What Does a CPA Do for a Small Business?
If you are a small business owner, you are stretched in every direction - Developing your product/service, offering good customer service, hiring talented staff and staying on top of your...
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How to Keep Books for a Small Business
A small business owner has a lot to think about. Sales, marketing, legislation, production, customer service, employees and finances - the list is endless. However, there is one function that...
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Stay Ahead of the Game: Proven Strategies to Prevent Accounts Payable Fraud
AP Fraud can be particularly destructive as it leads to several repercussions, including financial losses, damage to business reputation, fines, and litigation. Sadly most companies wait for fraud to happen...
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QuickBooks Accounts Payable Software – Why You Need Automation
Are you spending days entering invoice information in QuickBooks? If manual data entry is your biggest time sinker, and you want to: Use a simple QBO setup to reduce the...
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51 Most Used Accounting Abbreviations and Acronyms
Accounting departments appear to speak a foreign language because they do. Most people who work closely with the certified public accountant or chief financial officer would be familiar with the...
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10 of the Best Accounting Software for SaaS Companies
The Software as a Service (SaaS) industry has exploded in popularity and seen enormous growth. If you're running a SaaS business, it’s paramount to stay ahead of the curve while...
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Accounts Payable Management – How to Do it Effectively
Introduction As a qualified accountant, you spent years studying to practice your craft. Finally, you achieved your dream. You have your own accounting firm and work hard to keep your...
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AP Automation – All You Need to Know
Accounts payable is arguably one of the most important aspects of a business, and it's not just because it's responsible for paying bills. It's also important because it helps to...
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10 Benefits of Accounts Payable Automation
The days of doing your accounts payable with a calculator are over. By automating accounts payable, you can improve efficiency and reduce costs. This blog will discuss 10 benefits of automation and how it can help streamline your operations.
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How To Reconcile Accounts Receivable – A Useful Guide
Accounts receivable is one of many things on your balance sheet, but it could majorly impact business operations. Of course, it's nice for business owners to have money flowing smoothly...
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The 10 Worst Accounting Scandals In US History
Accounting is one of the most highly regulated industries in the United States. So when accounting scandals occur, they make headlines. When accountants are dishonest, the consequences are far-reaching. Not...
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Is accounting a hard major?
When choosing a college major, many students will agonize over the decision. One of the most important deciding factors is the difficulty, and Accounting is considered one of the most...
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Why Accounting is Called the Language of Business
Enough with the metaphors already, Mr. Buffet. What do you mean by accounting is the language of business? There are many theories about what this coined phrase means. But you...
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How Many Accountants Does A Company Need?
The truth is, there is no one-size-fits-all answer to this question. The number of accountants a company needs will vary depending on the size and complexity of the business, as...
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Is accounting a dying field? No, it’s not, and here’s why
When choosing a career, it's essential to consider the future of the industry you're interested in. You don't want to select a field with few job prospects, as this could...
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Financial Advisor Vs. Accountant – What Are The Main Differences?
When it comes to our finances, we want to get things right. But when the time comes time to ask for help, many people are unsure whether they should consult...
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Why Hire a Bookkeeper – 5 Simple Reasons
As a business owner, do you sometimes feel overwhelmed by all the financial tasks you have to take care of? Does the tax season send a cold shiver down your...
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Financial Accounting vs. Managerial Accounting: What’s the Difference?
Do you know the difference between financial accounting and managerial accounting? If not, don't worry - you're not alone! Many people don't understand the distinction between these two types of...
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How To Price Accounting Services
If you're a CPA or bookkeeper, pricing your services can be a daunting task. How do you know what to charge? How much discount do you give a new client?...
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