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
Handling business money can be a tricky ordeal. Many business owners ask, “Do I need a bookkeeper or a CPA?” Making the wrong choice can lead to errors, lost tax savings, or legal issues. Bookkeepers vs. CPAs, what’s the difference? is quite a common question in the business landscape. But let us first be clear
Inventory Management has been a topic of much interest in business management discourse in the aftermath of the Covid-19 pandemic. With major supply chain delays and surging demand, businesses saw their inventory management functions struggle to cope with the sudden influx of demand with limited supply. A post-coronavirus 2020 survey by Statista on the matter
The world is being digitized at a rapid rate today. Projections by Forbes show a staggering 25% of jobs in North America shifting to the Work-From-Home (WFH) model. WFH model came into significant popularity after the Covid-19 pandemic. Thus, it appears that the future of many desk jobs such as accounting and IT will be
Let’s imagine some years into the future when we find ourselves having a similar conversation with a chatbot financial advisor: Chatbot: Good afternoon, how can I assist you today? Human Client: Hi Good morning, I was wondering if you could help me plan for my retirement. Chatbot: Of course, I’d be happy to help. Have