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Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services
17, July
2021

The Benefits of Accrual Accounting for Your Business

Accounting methods are tools for businesses to use in order to record their finances and keep track of their finances. The two most popular accounting methods that businesses use are accrual accounting and cash accounting.  When comparing the two methods, the cash accounting method is an easier way to record financial records. At the same time, the accrual accounting method allows businesses to see expenses as they are happening. It is a transparent method to see actual revenue. The accrual accounting method will show a business how well it is performing in real-time. There is no need to wait for when a cash transaction occurs.

12, May
2021

Calculating Your Contribution Margin and What It Means to You

It's always important to know how much profit a company is making. Many business owners look at the profit margin..

15, April
2021

The Importance of Budgeting Reports

Budgeting is essential for operating a successful business. While learning the ins and outs of creating a working.

7, April
2021

How Management Reports Compare to Financial Reports

There is a substantive difference between financial reports and management reports yet plenty of people confuse.

5, April
2021

Cash Basis or Accrual Basis: Which should you implement?

Most business professionals understand cash basis and accrual basis accounting on a surface level. However, precious.

top-5-challenges-expense-management-travel
11, March
2020

Top 5 Challenges of Travel and Expense Management

 
International expansions, business mobility and globalization contribute to increased travel expenses for many.
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12, September
2016

How to Create a Travel Policy That Follows Sound Accounting Practices

When you create a travel policy, your first goal is to reduce risks through standardization and clarity. A close.

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