Ontrack Bookkeeping

MARCH 17, 2024

These things often come and go, and are not permanent or essential to your overall well-being. If you deal with the big issues first by putting the rocks in the jar first, the small issues can still fall into place. Article by Claire Newton The sand (and water) represents everything else – the small stuff. set your priorities).

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RevCycle

MAY 31, 2022

This article from HFMA is a fantastic read on the topic with some of the most striking figures below: $40,000 – the average cost of turnover for a bedside RN position. These are startling figures for an industry already dealing with shrinking margins and increased inflation-related costs. It’s a good read if you’ve got the time.

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Atlassian

FEBRUARY 10, 2022

Related Article. Bad attitudes create a self-fulfilling prophecy – all that negativity is a result of the culture, but it also fuels the overall gloomy vibe in the office. Related Article. How to deal with a toxic work culture. Characteristics of a toxic work environment. By Dominic Price. In Teamwork. In Teamwork.

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Accounting Tools

JULY 13, 2023

Concentrate Suppliers Management may choose to concentrate its business with a smaller number of top-tier suppliers, so that the company has to deal with fewer suppliers. Ideally, any supply network changes made should be driven by the requirements of the overall strategy. Related Articles Outside Supplier Purchasing System

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Auditing 40

MineralTree

FEBRUARY 23, 2023

This is particularly important for businesses dealing with large amounts of data, as manual processes are significantly more prone to errors. Use Different Forecasting Ranges Using different forecasting ranges, such as short-term and long-term timeframes, can provide different insights into a company’s overall financial health.

AP 88

AP AR Data Entry Invoicing 88

Accounting Tools

OCTOBER 15, 2023

The seller hopes that the net effect of this strategy is to increase overall profitability , despite incurring losses on the few low-priced items. First, if a business does not place its low-price items properly, or is dealing with price-sensitive shoppers, it may find that it loses money on its low-price promotions.

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Accounting Tools

JULY 24, 2023

This article gives an overview of financial accounting basics for the non-accountant. There is a great deal to journal entries. Related Articles Basic Accounting Concepts Debit and Credit Rules Double Entry Accounting Full Cycle Accounting The Steps in the Accounting Process Types of Transaction Cycles in Accounting

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Financial Accounting General Ledger Accounting Accounting 75

Spenmo

NOVEMBER 8, 2022

You’ve got to dig up receipts and fill out reports, then deal with a long wait for your money. In this article, learn how to improve your reimbursement process in 4 easy ways so you'll never run into these problems again. #1: One of the most frustrating parts of being an employee is waiting for reimbursement on business expenses.

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Expense Reports Accounts Payable Accounts Payable Budgeting 52

Billah and Associates

DECEMBER 26, 2022

This article will highlight the features of QuickBooks vs Xero vs FreshBooks for small businesses and how this software help in accounting services. FreshBooks FreshBooks is an overall newbie to the bookkeeping software field. Xero and QuickBooks Online are really comparative and can deal with any size of business. based Intuit.

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XERO QuickBooks Accounting Software Bookkeeping 52

Counto

MARCH 27, 2024

Building strong relationships with suppliers can lead to better deals and smoother operations. Choosing the right selling plan based on your monthly sales volume can also impact your overall expenses. Consider diversifying your sourcing channels to mitigate risks and ensure a steady supply of inventory.

Customer Service 52

Customer Service Budgeting Tax Accounting 52

Outsourced Bookeeping

NOVEMBER 6, 2023

This article highlights six vital tax principles and tax saving strategies aimed at empowering beginners to navigate the types of tax planning and tax landscape with confidence. As a result, you are better able to plan your finances and reduce your overall tax liability.

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Spenmo

NOVEMBER 1, 2022

In this article, you will learn how your company's finances can benefit from using business virtual cards in day-to-day transactions. These cards also support automated reporting that anyone can access via your accounting software to simplify the overall process. Disclaimer : This article is for general education purposes only.

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Petty cash Budgeting Expense Reports Financial Reporting 52

CapActix

JULY 3, 2023

If you are running a small business in the USA and still thinking about whether it is a smart decision to outsource your accounting and bookkeeping work or not, then this article is for you. All this will increase overall overheads. It will give a detailed insight into outsourced accounting and bookkeeping for a small business.

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Bookkeeping Outsourced Bookkeeping Bookkeeping Services Accounting 52

Nanonets

JANUARY 17, 2024

This article explores how AI can help you achieve end-to-end automation in the insurance claims process. While traditional OCR technologies can help, they often fall short when dealing with complex or unstructured documents. This adds convenience to their experience and enhances their overall satisfaction.

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Nanonets

APRIL 3, 2024

In this article, we will discuss the importance of the vendor reconciliation process and the benefits of employing AI-enhanced tools such as Nanonets. Dealing with Discrepancies: Immediate action must be taken to resolve any inconsistencies identified during reconciliation. Why Automate Vendor Reconciliation?

Account Reconciliation 52

Account Reconciliation Accounts Payable Accounts Payable Data Entry 52

Stephanie Peterson

AUGUST 8, 2022

Since service-based businesses have existing clientele to deal with, clients at various service levels, contracts to uphold before renegotiation, and a balance of value offered in comparison to their pricing, it can be difficult to determine the proper procedure to put into place.

Virtual Bookkeeping 52

Virtual Bookkeeping QuickBooks Financial Reporting Bookkeeping Services 52

Accounting Tools

DECEMBER 10, 2023

It is also useful for monitoring the overall level of working capital investment, and so is commonly presented to the treasurer and chief financial officer, who use it to plan funding levels. However, the effective interest rate associated with early payment discounts can be quite high, so be judicious in offering discounts to customers.

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Accounts Receivable Accounts Receivable Account Receivables Accounting 40

Accounting Tools

JUNE 6, 2023

Common reasons for the repurchase of stock include the following: A stock buyback program that is intended to reduce the overall number of shares and thereby increase the earnings per share. We deal with these treasury stock transactions next. The accounting covers the topics noted below.

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Accounting Accounting Auditing 40

Nanonets

NOVEMBER 14, 2023

In this article, we shall look at how E-Procurement works and discuss its benefits. This facilitates strategic interactions between organizations and preferred suppliers, emphasizing relationships to negotiate contracts, set budgetary guidelines, and enhance the overall procurement process.

Purchase Order 52

Purchase Order Vendor Management Invoicing Collections 52

Accounting Tools

SEPTEMBER 10, 2023

For example, if a company runs a special discount deal that emphasizes the sale of a product with a low margin, the increased volume of its sales will skew the overall gross margin of the company downward; this is because a higher proportion of goods is being sold with a lower margin.

Financial Analysis 40

Financial Analysis Tax Financial Statements Auditing 40

Future Firm

SEPTEMBER 27, 2023

In this article, I’ll run through some of the more modern options that might make the most sense for your firm at the moment. Those who do not want to deal with linguistic and cultural difficulties, as well as foreign policies, frequently use freelancers or outsourced teams from inside their own country.

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NextProcess

NOVEMBER 28, 2022

To effectively deal with those issues, you need ways to access data related to your company finances and manage financial processes efficiently. To learn more, read our article “ Discover What You Need to Know about the Secrets to Efficient Capital Expense Management and Budgeting.”

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Future Firm

FEBRUARY 3, 2023

I want you to learn from my wins and failures in this article. Overall, automation tools can help you save time, increase efficiency, and scale your lead generation efforts, helping you reach more potential clients and grow your business. Luckily, lost deals give you the opportunity to re-market to try and win them back.

Accounting 52

Accounting Accounting Budgeting Tax 52

Accounting Tools

MAY 9, 2024

All three options may need to be considered in later steps, especially when they impact the overall cost-benefit of a decision. For longer-term analyses, it can make more sense to employ a net present value analysis , which is structured to deal with distant cash flows in more detail, as well as to incorporate the time value of money.

Financial Analysis 40

Financial Analysis Tax 40

accountingfly

SEPTEMBER 27, 2023

That may seem like a shocking statement especially since we just saw an article in Accounting Today that said 1% of firm representatives believe they can find qualified talent right now. These factor into their overall decision. Are you having trouble finding talent for your accounting and tax teams? You’re not alone.

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Nanonets

MAY 31, 2023

This article provides a detailed insight on invoice matching, the different types, the need for touchless invoice processing or invoice management , and its varied benefits. It also protects against false invoices and payment errors enabling businesses to have a better hold on their dealings with third parties.

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Nanonets

SEPTEMBER 21, 2023

In this article, we will explore common  accounting problems  faced by businesses and provide  solutions  to overcome them. Businesses deal with vast amounts of financial data, making it crucial to consolidate and organize information properly. This enhanced efficiency leads to better overall financial management.

Outsourced Bookkeeping 52

Outsourced Bookkeeping Accounting Accounting Financial Reporting 52

Invoicera

FEBRUARY 12, 2024

This article will determine if a price hike is warranted and what the best practices are for raising rates successfully. This article guides when and how companies should consider raising their prices. Enhancements like these increase the overall value clients receive. And how can you implement changes smoothly? Did You Know?

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Nanonets

FEBRUARY 15, 2024

The overall performance score for Supplier A, based on the evaluation criteria, is 8.5 Quality Assurance The Challenge: Ensuring the quality of goods and services procured is a critical aspect of the procurement process, directly impacting the operational efficiency, customer satisfaction, and overall reputation of a business.

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Purchase Order Invoicing Budgeting Collections 52

Future Firm

MAY 24, 2023

Over and above just automating completion of tax forms, however, we’ll also start to see tax planning become an automated technology, which is discussed later on in this article. Overall, this process reduces manual data entry, which translates to less human error and better efficiency.

Accounting 98

Accounting Accounting Computation XERO 98

Nanonets

JULY 11, 2023

This article talks about the different processes within any electronics or related manufacturing company that can be automated using AI-based tools. This article talks about 7 such process automations for electronics and related manufacturing companies.

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Purchase Order Data Entry Accounts Payable Accounts Payable 40

SAP Accounts Payable

FEBRUARY 22, 2021

In this article, we’ll examine how to transform enterprise accounts payable workflow with intelligent automation. Time-consuming approvals are another challenge that manual AP teams deal with. Conventional Accounts Payable Cycle Accounts payable (AP) involves most of a company’s payment activities except payroll.

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Accounts Payable Accounts Payable AP Invoicing 52

Less Accounting

JUNE 20, 2023

It provides a framework for organizing financial transactions and helps business owners track their income, expenses, and overall financial health. By the end of this article, you will have a solid understanding of how to create and use a chart of accounts template to help you manage your ecommerce business more efficiently and effectively.

Financial Reporting 52

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IMA's Count Me

DECEMBER 29, 2019

Steve's Articles: [link] [link] FULL EPISODE TRANSCRIPT Adam : (00:00) Hey everyone, this is Count Me In, IMA's podcast about all things affecting the accounting and finance world. So overall, make sure that you have clear line of sight of what you're trying to devote to deliver and how you're going to deliver it. That's it.

CPA 40

CPA Accounting Accounting Budgeting 40

Nanonets

JANUARY 17, 2024

That's why in this article, we're donning our investigative caps and diving deep into the world of workflow automation. These models enable you to craft texts, manage responses, and execute comprehensive workflows within various apps, enhancing the overall automation experience. Interested in learning more?

Budgeting 52

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Nanonets

JUNE 23, 2023

In this article, we will explore in detail what balance sheet reconciliation entails, the step-by-step process involved, the benefits it offers, and most importantly, five common mistakes to avoid. Even the most diligent accountants can make mistakes, especially when dealing with large volumes of data.

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General Ledger Reconciling Financial Statements Financial Analysis 52

Accounting Tools

AUGUST 31, 2023

In order to ensure that its cash balance remains sufficient to deal with all expected obligations (plus a buffer for unexpected ones), management should monitor the timing of cash inflows and outflows, as well as any uncertainties associated with those cash flows. This imposes an interest cost on the business that reduces its overall profit.

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Accruals Financial Statements Accounts Payable Accounts Payable 75