In accounting, cloud software is similar to traditional software. What differentiates it is that the system is hosted on remote servers. Revenue and expense data is recorded and sent to the cloud where it is processed and returned to the user. Finance teams can record and track money flowing in and out of a company in near real-time. All cloud accounting software functions are performed without having to install any software on a computer. Cloud accounting solutions allow a group of people from different areas to access the same data whenever they need it.
Accounting firms are upgrading services and solutions to offer clients the fastest and most efficient services. Accounting tasks usually take a lot of time and effort. Artificial Intelligence is a great tool that has made the most complex tasks easier in every industry, for teams big and small. This is no exception in the accounting[…]
Surely you know and are aware of the existence of bitcoin and other cryptocurrencies and the importance they have gained over the last year. You have also probably heard about blockchain and the potential to change and revolutionize various industries around the world. As a result, a new concept has emerged which is triple-entry accounting.[…]
Worried about financial fraud within your company or between your business and customers? Of course, there are some times when fraud is unavoidable when malicious actors work the system to their advantage by bending the rules. In this case, it might even be possible that a company commits financial fraud to benefit the owner or[…]
Your business is important to you, and you do everything you can to minimize risks at every level and in every department. But so much is out of your control. System failures lost data, and Russian hackers are all coming for you and your business. So how do you protect yourself, particularly in the all-important[…]
From Accounts Receivable/Payable to data entry, and reporting, accounting is time-consuming. There’s a reason there is a huge industry dedicated to providing this essential service to businesses. Companies are quickly realizing that to stay competitive, they need to be faster at every level of the company. That means automating processes whenever possible. If you haven’t[…]