November 13, 2023
Charles Lutwidge
Efficient Cash Flow Management for Small Businesses
The primary tactic that any entrepreneur must master to achieve long-term economic success is proper money control. Cash flow management for small businesses is considered one of the most challenging activities. According to Intuit research, approximately 61% of small firms...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
November 10, 2023
Charles Lutwidge
Bakery Accounting: A Recipe for Financial Success
Small baking companies may have a complex financial system. These businesses must pay taxes, consider different categories of costs, and correctly forecast the budget. Therefore, you may have difficulties with bakery accounting if you do not have the necessary knowledge...
November 08, 2023
Charles Lutwidge
Securing Financial Data: Accounting Security Tips
Modern enterprises must take effective cybersecurity measures to ensure accounting security. Constantly monitoring new bookkeeping security technologies minimizes the risk of losing essential insights. According to a study by Comparitech, a cyberattack occurs every 39 seconds, using financial data for...
November 03, 2023
Charles Lutwidge
A Complete Guide on Accounting for Technology Companies
Technology businesses strive to deliver innovative products to succeed in a volatile and competitive marketplace. At the same time, they must manage their finances according to legal requirements, create reports, oversee research and development (R&D), raise capital, and engage in...
October 27, 2023
Charles Lutwidge
Benefits of AI in Accounting and Finance
Today’s accounting profession has seen a significant shift with the addition of artificial intelligence (AI) solutions. The benefits of utilizing artificial AI in accounting are numerous, e.g., optimization of financial processes, raised accuracy, automation of routine procedures, etc. Would you...
October 20, 2023
Charles Lutwidge
Bookkeeping for Etsy Sellers: Tips for Creatives
If you’re like most people who sell commodities on the Etsy platform, you primarily concentrate on your handmade items and the creative side of your firm. Most likely, you pay little attention to accounting. However, proper financial control is vital...
October 12, 2023
Charles Lutwidge
Key Steps of A Successful Medical Billing Process
The medical billing process is full of complexities. Transforming notes to standardized claims may be error-prone, and insurance companies have rigorous rules for claims arrangement. Even if your requests are granted, insurers seldom transfer the total amount quickly. The best...
October 06, 2023
Charles Lutwidge
What Is GAAP in Accounting, and Why Is It Important for Your Business?
Excellent accounting provides company management with data for making sound decisions and adjusting business development strategy. But it is a standardized field where each number is highly controlled and must be reasoned. Generally Accepted Accounting Principles (GAAP) are a system...
