Feeling stuck with your accounts payable? Managing a business is stressful enough. The last thing you, as an entrepreneur, must be worried about is your company’s accounts payable. Over the past few years, we have done our best to spread the good word about accounts payable outsourcing. According to analyst interviews at Business Insider, a
The age of automation is upon us. The rise of AI and mass adoption of automation technology has brought about a workforce revolution in the past decade. Much like the great replacement that happened when automation entered factories, the office is now due for a change. Accounts Payable, or AP automation is among the biggest
E-commerce sales are predicted to grow by 56% over the next four years, reaching +$8 trillion by 2026. As e-commerce continues to grow, the competition becomes more intense. Each company aims to maximize its earnings and control costs without compromising quality. Is there a way to control costs without compromising your work? Is outsourcing accounting
FP&A and accounting are like two sides of a coin. They complement each other but have differences. On the surface, the question of Financial Planning and Analysis, or FP&A vs accounting, sounds ridiculous. Accounting and finance might as well be the same for a start-up or small business owner. Both deal with money management in
What is Inventory Valuation? Inventory valuation is all about putting a dollar value on your inventory and making further decisions based on that value. Zoho defines inventory valuation as “An accounting practice that companies follow to find out the value of unsold inventory stock when they prepare their financial statements.” The whole point is to
Within the dynamic realm of hospitality, where each visitor encounter is painstakingly designed, hotel accounting stands out as the unsung hero working behind the scenes. Behind the opulent décor, fine meals, and friendly greetings, a hotel’s accounting systems drive its financial core. This crucial but frequently disregarded element is the foundation for efficient operations, legal
“How to start a hotel business?” is not a question you come across every day, but when it does come up, it gives your mind a run for its money. After all, while most of us are no strangers to staying at hotels, how many of us have ever really thought of how to start
“Success in creating effective AI (Artificial Intelligence), could be the biggest event in the history of our civilization. Or the worst. We just don’t know. So we cannot know if we will be infinitely helped by AI, or ignored by it and side-lined, or conceivably destroyed by it” Stephen Hawking In the wise words of
Xero is no stranger to the business landscape, sporting some of today’s most robust and utility-filled accounting and bookkeeping tools. While QuickBooks has certainly taken the mainstream business landscape by storm, Xero is no slouch and has proven itself time and again why it deserves its renown. Any fledgling accountant today is well aware of
Offshore staff augmentation is projected to play a major role in the business landscape going forward. 2024 is on the horizon, and while there has been massive progress in recouping the losses incurred by the business world during the pandemic, much work remains to be done. Access to skilled labor is among the top issues