When you pay a bill in your business, are you 100 percent comfortable that the bill payment is correct and justified? Is there ever a chance that that bill is fake or fraudulent? What about duplicates? With so many fake bills being mailed to businesses these days,
Read more →For businesses with employees, getting the paychecks correct and on time is crucial. That’s why applications that integrate with your accounting software for payroll make things easier for you and save time along the way. No need to have time clocks for employees to clock-in or out
Read more →Each month, your accounting system yields actionable information for you to run your business better. Here are some key reports that all business owners should review every month. Balance Sheet A quick review of the balance sheet can tell you the balances of your current assets and
Read more →In or last article, we highlighted the importance of business efficiency. We identified several choices for you depending upon your business needs and provided you critical questions to make a business decision about your accounting needs. Our focus in this article is identifying the critical area related
Read more →The account on your income statement called Cost of Goods Sold can be confusing to non-accountants. In this article, we’ll attempt to de-mystify it and explain how it works. Cost of Goods Sold is an account in your Chart of Accounts that is a very special type
Read more →The National Small Business Association in its 2017 Small Business Taxation Survey, discovered that of the 950 small businesses surveyed, 33% (313 companies), spend more than 1,393.6 hours each year on federal taxes related to payroll, self-employment or other business-related taxes, filing reports, working with accountants, etc.
Read more →Artificial intelligence (AI) has arrived in the accounting profession in a big way. The good news is it’s streamlining accounting tasks, finding patterns in data you can take action on, and generally making things better. Here are just a few places we’re seeing AI and machine learning
Read more →When you purchase a new vehicle, you get the fun of riding around in a new car with the new car smell! Our job has just begun – to get your new asset recorded properly on your books. We thought it’d be fun to give you a
Read more →In small business, accounting refers to a set of tasks that revolve around maintaining a general ledger – your books — and preparing financial statements. Beyond small business accounting, there are many more aspects to accounting. In this article, we’ve prepared a glossary of accounting terms so
Read more →While “fetching” might be what some trained dogs can do, accounting systems are getting into the act too. This relatively new feature is called “receipt fetching,” and it’s when an app can retrieve documents directly from the vendors that you do business with so you don’t have
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