How Expense Management Software Helps Your Company Conquer Spend
Feeling the pressure to closely monitor company spending and pen and paper or spreadsheets aren’t enough? Here’s how expense management software can help.
How to Perform Variance Analysis on Financial Statements
Variance analysis is an important management accounting technique to measure a product’s cost and profitability. Managers use variance analysis to make decisions about the labor… read more
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Recession-Proof Your AP Process to Remain Competitive
Successful companies take action to minimize the impact of a recession, and that includes a review of the routine tasks you complete each month. Some… read more
How to Control Hotel Expenses: 4 Easy Tips for Businesses
Hotel expenses can easily spin out of control for businesses, but they don’t have to. Here’s how to rein in hotel expenses, including with virtual… read more
How to Select an ERP System
An enterprise resource planning (ERP) system is an important software tool to operate a business. An ERP system can automate dozens of business processes, and… read more
What is the Best Time for Startups to Hire for Finance?
Let’s break down the pros and cons of adding financial professionals to your team and provide general tips and practical advice for hiring.
Understanding Inventory Valuations
Inventory is defined as an item held for sale, and inventory can be purchased or produced internally. Manufacturers, retailers, and wholesalers stock inventory, and inventory… read more
Understanding the Challenges of Nonprofit Accounting
The purpose of a nonprofit entity is to fulfill a particular mission, rather than to generate a profit. The Financial Accounting Standards Board (FASB) requires… read more
Hitting the Bullseye with Supplier Relationship Management
Let’s review the basics of supplier relationship management, tips to streamline workflows, and turn your supplier relationships into a strategic advantage.
How to Manage the Year End Closing Process More Effectively
The year-end closing is a challenging process for the entire accounting department. Accountants must complete the day-to-day work on transactions, and perform other tasks to… read more
10 Steps You Can Automate for Partial Invoices and Shipments
Supply chain issues are forcing many vendors to make partial shipments to fill customer orders. Partial shipments complicate the AP and invoicing process, and accounting… read more