Financial Management

Introduction Keeping up with payment changes is super important!  In 2024, the way accountants handle transactions will change a lot. What’s causing these changes?  And how will they affect what accountants do every day? Experts say 2024 will see big changes in how payments work. According to a top financial analyst – ‘Digital banking is […]

A balance sheet tells a story of a company’s financial health—a tale of assets, liabilities, and the missing chapters of overlooked value. Do you truly know your business’s worth?  If not, you are missing something on your balance sheet. A balance sheet isn’t just numbers; it’s a story of your business’s money journey. But sometimes, […]

The accounting world is shifting toward collaboration! Collaborative Accounting is a transformative approach to reshaping how CPAs and clients work together. Collaboration unlocks success in the accounting profession, fostering stronger relationships and delivering exceptional results. Traditionally, the CPA-client relationship has been characterized by a one-sided flow of information, resulting in inefficiencies and missed opportunities.  Statistics […]

In any business, it is very crucial to manage expenses.  Thus, companies are always looking for the right tools or ways to manage cash flow, ultimately leading to better financial decisions.  One of the ways to manage cash flows is by choosing the best employee expense card.  Statistics from a recent survey by ExpenseMate Inc. […]

Introduction Expense management is undisputedly one of the primary issues faced by organizations in today’s ever-changing business times. Manual tracking consumes time and leaves room for errors, possibly disrupting financial prosperity. Nevertheless, technology upgrades have led to the development of numerous expense management systems that aim to provide better accuracy and efficiency. We’ll delve into […]

No business wants to wait longer than average to get paid for their invoices. We understand late payments are most annoying for any business. Not only this, it can also affect your cash flow, eventually disturbing your financial planning for the future. SMEs are estimated to spend 4 hours per week on the task of […]

Are there moments when you feel that there is more to accounting than just QuickBooks? Well, you’re not alone! A SmallBizTrends latest survey reveals that “85% of business owners are seeking accounting software alternatives. While QuickBooks has been the ruling king of this domain for a long time, it’s not the only option. It’s time […]

Whether you have a startup idea or are already running a business and want to improve your finance management, this blog post will be an insightful read for you. Financial management is the most important aspect to grow and make your organization renowned. A report by CB Insights says that 38% of businesses fail because […]

Accounts payable, the process of handling and overseeing the pending payments and other financial obligations, is crucial in maintaining good relations with suppliers or vendors. It is sometimes burdensome for businesses to overcome accounts payable challenges. However, it is essential to know how to manage accounts payable effectively as it is a fundamental aspect of […]

Bills payable management has a vital role in ensuring a business’s stability and financial health. Whether it’s a small or a large-scale entity, neglecting bills payable can bring consequences and several hurdles in growth. However, it might be challenging to handle this process effectively, especially if you have hundreds of invoices. So, what is the […]

The rapid move of the world towards digital technology is making it essential for businesses to take a more strategic approach to handling their business activities. Cash flow management is one crucial task that any business needs to handle carefully. Accounts payable and accounts receivables should be recorded carefully in order to have a clear […]

Several technological advancements have changed the way we do business, and mobile payment apps are no exception. Payment apps make it easier than ever to connect with customers, clients, and vendors in new ways and on the go. Mobile payment apps can be integrated into your cash flow model to improve the efficiency of your […]