Cloud Accounting vs. Traditional Software: Which is Right for You? Businesses have many accounting options, from working with third-party tools that replace some of the many tasks they need to complete throughout the day to preparing tax returns. And over time, you’ll be met with the decision to: Migrate to the cloud Stay traditional As […]
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What You Need to Know About AI Bookkeeping Artificial intelligence (AI) is being integrated into every facet of business, from workflows to accounting and financials. AI bookkeeping allows for faster, more precise books with tools that enable and enhance human expertise rather than replace it. You can start small by turning a bank statement into
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Why “Connected Accounts” Doesn’t Mean Your Books Are Accurate Connected accounts are powerful. You set up your favorite accounting software, connect your bank account and sit back and relax. Transactions are flowing in, you’ve saved yourself countless hours of manual entry and everything looks good. But here’s where the problems start to creep up on
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How Manual QuickBooks Reporting is Costing You Money Are you still entering your QuickBooks reporting manually? It’s a task that seems trivial at first, but it quickly eats into your profit margins. Deloitte reports that finance teams spent 48% of their time creating and updating reports. Reporting is evolving quickly, and QBO, like many others,
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What Does Accounting Software Do? What Can’t It Help With? Have you ever signed up for accounting software and thought, “This will finally make everything easier!”? You’re not alone. Tools like QuickBooks Online automate a lot of tasks and generally make it easier to manage transactions and gain financial insights. While these tools are powerful,
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Managing Accounts Receivable: How to Get Clients to Pay You Faster Struggling with late invoice payments? You’re not alone. According to QuickBooks, 56% of small businesses are owed money from unpaid invoices. Those unpaid bills? They can have a ripple effect on your business, from poor cash flow management to delayed growth. But here’s the
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A Bad QuickBooks Setup is Costing You Money With more than 7 million users globally, QuickBooks is easily one of the top accounting solutions for SMBs. While the platform markets itself as user-friendly and easy to use, the setup can be quite complicated. Sure, you can use the default settings, but those settings may not
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The Do’s and Don’ts of Using ChatGPT for Accounting ChatGPT for accounting, or finance, is being used 32% of the time for factual and how-to guidance. For data transformation and brainstorming “what-if” scenarios, LLMs are great tools. But there is a list of do’s and don’ts that every business owner should read. You may “think”
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Gusto vs Rippling: Which One is Right for Your Payroll? Payroll isn’t just about paying people. It’s the heartbeat of your business. That’s why it’s so crucial to use a payroll solution you can rely on; a solution that gives your business freedom to grow. While there are several solutions out there, we typically recommend
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Here’s Why Your Online Business Needs Strong Internal Controls Internal controls keep big business running, but these same controls are perfect for smaller teams. Too many owners assume that internal controls are only for large corporations, leaving themselves open to fraud and error. Add remote work into the mix or a hybrid option, as 88%
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