Benefits of EDI Implementation In this blog post, we delve into the myriad benefits offered by the implementation of Electronic Data Interchange (EDI). Within the realm of client management, there are varying degrees of manual and automated processes followed by companies as follows: 1. Completely manual Enter order information manually 2. Partially automated Receive EDIs
Virtual Assistants for CPAs are an incredibly potent solution to the ever-present struggle of time management. CPAs simply have so many things on their plate that half the time, you’d be lucky to find their noses not buried in a ledger. Much like the legal profession, the life of a CPA is unfortunately mired by
Outsourced accounting services, or any kind of outsourcing service, are not an operational monolith. Far from it, these firms can be categorized based on various factors. Location, relationship, and pricing strategy are primary outsourced accounting models. Rather than overload you with information, we felt it best to keep things simple and dive into the most
You might have heard the term “accounting project management” at work as an accountant or project manager. For a layman, accounting and project management would appear to be quite distinct disciplines. So, what exactly is this strange combination of the two, and why does it matter? What is Accounting Project Management In a sentence, accounting
What is E-Commerce Inventory Management? Efficient e-commerce inventory management means no more stockout, less lost sales, or excess ordering. E-commerce inventory management refers to the systems an e-commerce business uses to manage inventory. An e-commerce inventory management system deals with sourcing, storage, tracking, quality assurance, demand planning, and supply planning. It addresses many more functions,
Business analysts often bridge the gap between technical teams and business stakeholders, translating needs into actionable plans. Companies seek them out first whenever business growth is an issue. But what is a business analyst, and what is his/her role and responsibility? If you want to learn more about business analysts and their role in companies,
This article is for you if you are interested in learning more about the perks and cons of AI in accounting and finance. As the industry evolves, understanding the implications of artificial intelligence becomes essential for professionals at every level. If you are an accountant, I highly recommend exploring how to incorporate AI into your
Construction accounting vs. general accounting is not exactly the type of comparison people might think it is. Working in a construction company is different from working in any other business. It is helpful to distinguish what makes construction accounting different from regular accounting. However, it must be clarified that these two are not directly comparable.
As an entrepreneur, you can better understand how your company is doing by interpreting its four financial statements. The cash flow statement is one of the financial statements. It is also, arguably, the most underestimated financial statement. The cash flow statement measures how a company is managing its cash. Not understanding it properly may lead
Is sustainability in the CPG industry more than just a nice-to-have today? Sustainability is currently just as big a topic of interest in the business landscape as AI. Everyone is concerned about the environment and ecosystem. Whether it be governments, organizations, or consumers, everyone has an opinion. While a certain section of naysayers spurn sustainability,