Are you looking for ways to improve the accounts payable system at your company?Before the advent of the digital age, accounts payable was a paper process. It revolved around receiving invoices and writing out physical checks.In today's digital age, the accounts payable department of many businesses is paperless. It...
We were once described – by a French revolutionary – as a ‘nation of shopkeepers’. Today, we’re fast becoming a nation of business owners.Figures from the Centre for Entrepreneurs show that almost 660,000 new businesses were set up in 2016, up more than 50,000 on the previous year. The...
A lot of people do not know what differentiates bookkeeping from accounting. These professions will share similar goals, but they do support different stages of the financial cycle in your business. It is important that you know what the functions of each profession are and what role they will...
Within the business world, there are plenty of benefits of self-employment. In fact, it’s something that many of us will dream of, especially when grinding away in a career we don’t care that much for. But when you’re ambitious, and you’re striving to succeed, you are likely to find...
Being able to pay for essential expenses and continually invest in opportunities are two important freedoms for young startups. Even more established corporations can benefit from streamlining and optimizing credit/debit payments and related accounting processes. Unfortunately, many businesses still rely on conventional banking methods like the Automated Clearing House...
