Financial Management

Master Financial Management: Tackling Complexity, Ensuring Success

March 25, 2024

3 Reasons Why a Cashless Society is Inevitable?

Introduction Entering the 21st century, it’s hard to imagine that you can still conduct transactions without physical currency. That might not be the case in the future, though, as we move toward an era when traditional forms of exchange could become less common and businesses deal exclusively with digital transactions. A society without physical currency […]

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February 7, 2024

What Is Profit Planning, And Why Does It Matter?

Introduction Sometimes, you want your company to make a certain amount of money. To do this, you plan actions to reach that goal. This is called profit planning. It is beneficial, especially for architecture and engineering companies. Making a profit is essential for any business. However, many companies do not plan enough for how much […]

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February 2, 2024

Net 30: What Is It And How Does It Work?

Introduction Are you a business owner who is dealing with the complexities of payment terms, and trying to balance between cash flow and client satisfaction?   Imagine you’ve delivered top-notch products or services, but your invoices are met with delayed payments, impacting your business’s financial health.  Ever wondered how to overcome this situation? In business transactions, […]

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January 29, 2024

Understanding The Different Client Billing Methods

Introduction Are you looking for a billing method that suits your business?  Many businesses face challenges in understanding and implementing effective client billing methods.  According to a recent survey by the National Business Association, 65% of businesses encounter issues related to client billing. This impacts their cash flow and hinders business growth.  Thus, we have […]

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January 22, 2024

Complex Billing In SaaS: A How-To Guide

Introduction Ever feel overwhelmed by the puzzling world of Software as a Service (SaaS) billing? You’re not the only one who is confused! The global SaaS market is exploding, set to hit a whopping $220 billion by 2024. But with growth comes complexity, especially when it comes to billing. Here’s the challenge: How do you […]

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January 11, 2024

What is Income Stream? Track Multiple Income Streams

Introduction Are you trying to manage several income sources and finding it tough to keep everything in check?  It’s like handling many moving parts—it can get tricky and overwhelming. Nowadays, it’s pretty common to have more than one source of income.  Studies show that about 45% of working Americans are hustling on the side, and […]

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January 2, 2024

Top 3 Payment Trends For Accountants In 2025

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 […]

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December 19, 2023

5 Things Missing From Your Balance Sheet

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, […]

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December 18, 2023

Collaborative Accounting: Enhancing CPA-Client Work

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 […]

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November 23, 2023

Top 10 Expense Management Tools

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 […]

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