In a 2022 survey by PYMNTS.com, 57% of CFOs reported that automation is about doing things in new and better ways, and 43% said it was about achieving greater efficiency and cost savings. There are several ways to optimize the order-to-cash...
Read moreAccounting ledgers: A beginners guide to ledgers
One of the most significant benefits of using a general ledger is that it becomes easier to spot financial problems in your business. For instance, if your expenses have been significantly higher over the past year, reviewing your general ledger...
Read moreGuide to Small Business Cash Flow Management
Paying vendors on time is necessary, but paying too early may hinder your cash flow. Carefully review the payment terms for your go-to partners to weigh the pros and cons of any early payment incentives. In some cases, it may make good financial...
Read moreAutomate your practice with GoSystem Tax: Save time, risk, cost Thomson Reuters
GoSystem Tax RS supports both federal and state e-filing, with users able to review, edit, and validate any completed return prior to e-filing. GoSystem Tax RS supports multiple users, making it easy for a team to work on a return simultaneously...
Read moreAchieving Work-Life Balance in Accounting
Keeping the credit balance low implies that credit utilization is also low. If more than the available credit is used, it will be declined unless the owner keeps a special arrangement for over-the-limit transactions. In addition, overusing the...
Read moreWhat is an eCheck and why is it important for businesses everywhere?
SpeedHistorically, wire transfers were usually faster than ACH transfers, but that’s not the case anymore due to changes to Nacha’s rules. Transfer times differ due to how the ACH and Fedwire networks respectively settle out transfers. ACH...
Read moreAccounting Principles: What They Are and How GAAP and IFRS Work
In the U.S., licensed CPAs must have earned their designation from the American Institute of Certified Public Accountants (AICPA). Accounting information exposes your company’s financial performance; it tells whether you’re making a profit or...
Read moreMarketing for Accountants: Get More Clients Fast with These 12 Top Strategies
This is where you’ll upload and distribute your podcast episodes on major platforms like Apple Podcasts, Spotify, and Google Podcasts. 73% of American consumers say they prefer to receive marketing materials via direct mail because financial...
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