What are Accounts Receivable? The accounts receivable function is essentially responsible for managing any and all invoiced payments for services rendered that are yet to be paid by customers. Businesses are leaning toward outsourced accounts receivable services to get the job done. There are quite a few reasons for this shift towards outsourced accounts receivable
Efficiently managing the accounting function poses a great challenge to small and medium-sized businesses in today’s financially uncertain business landscape. The volatile economy further exacerbates the already crippling issue. With the cost of everything across the board hiking up by the day, controlling costs demands making strategic choices to keep the business running. The plain
Are outsourced CFO services a great choice for start-ups? Let’s find out. Finances are some of the trickiest parts of a start-up as far as management is concerned. Entrepreneurs and the core team must take up most of the initial responsibilities when trying to get the start-up going are relatively easy to learn and manage
Recently the AI chatbot Chat GPT has everyone talking to it and about it. From creating the world’s first poetry anthology (entirely written and illustrated by AI) to change the U.S. immigration law, it’s truly remarkable to witness the progress of technology. So, last month, we, at Expertise Accelerated, decided to jump on the bandwagon
Money in, money out: the yin and yang of a successful business. Without proper accounts payable and receivable management, even the most promising company can quickly spiral into financial chaos. But with the help of modern technology, businesses can streamline their financial operations and achieve the balance they need to succeed. In a prior publication
If you are a GoT (Game of Thrones) fan, you might remember a famous line, “Winter is coming.”This mantra, spoken by House Stark, serves as a reminder of the harsh, unpredictable nature of the world in which the characters reside. Similarly, people not only in the US but worldwide are actually feeling the impact of
In a prior publication titled “Top Accounts Payable Trends to Look Forward to in 2023”, experts at Expertise Accelerated highlighted some trends to look out for going forward regarding accounts payable management. However, accounts payable management is not as simple as some may make it out to be. Implementing policies and adapting to upcoming trends
Hiring is one of the most difficult business decisions. Ideally, the most optimal time is in the small window of time when the business has the sufficient cash flow to hire new employees while at the same time needing extra hands on deck to manage the workflow. Hire too early and the employees may prove redundant and
The question of whether there is a recession coming in 2023 seems to have a clear answer today. It is no surprise to the business community that a severe recessionary spell is just over the horizon as we enter 2023. According to Bloomberg, economists at Barclays Capital Inc. forecast 2023 to be one of the
Poor cash flow management or a lack of understanding of cash flow is often the reason for business failures. The top reason for small business failures is that they run out of money. Here, Statista shows that running out of cash is one of the reasons why startups fail. Without proper cash flow management, a