It is an undeniable reality of the business landscape of the 2020s that every company owes a large part of its success and continued prosperity to the financial management and accounting function. Accounting experts at Expertise Accelerated have been warning entrepreneurs for the first quarter of the year that they must, at all costs, get
Technology has become part and parcel of our daily life, and this is doubly true for the business landscape. The hum of machinery has become the heartbeat of business; every business function is now dependent on some algorithm or other, and every decision is guided by machine-processed information. It’s time to ask yourself: are you
Coca-Cola, PepsiCo, and Nestle have one thing in common. They are all major Consumer Packaged Goods (CPG) industry players, facing unique financial statement challenges that require innovative solutions. Behind every successful CPG company lies a complex web of financial management, inventory valuation, and accounting processes. The CPG industry is witnessing massive change in many aspects
Once upon a time, there was a small manufacturing company that produced specialty parts for airplanes. The company had been in business for several years and had grown steadily, but they were experiencing some financial difficulties. The management had a hunch that their financial reports might be inaccurate, but they didn’t know how to find
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