May 23, 2024
Charles Lutwidge
What is Expense Management Automation: Reasons to Automate & Its Benefits
Keeping up with expenditure management is essential to surviving in the fast-paced corporate environment. However, numerous companies use outdated systems and are hesitant due to perceived switching costs. Still, the shift to automatic expense control yields numerous perks that surpass...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
May 20, 2024
Charles Lutwidge
Record-to-Report Process: Best Practices For Business
Have you ever struggled to collect data manually and was overwhelmed with endless report spreadsheets? The intricacies involved in reporting may be quite daunting. The record to report (R2R) procedure comes to rescue the day for CFOs, accounting teams, and...
May 16, 2024
Charles Lutwidge
How To Run Payroll for S Corp?
S Corps have become increasingly popular due to their ability to offer both limited liability protection and pass-through taxation. The entity also has unique advantages in terms of payments. However, these benefits come with specific requirements regarding employee payroll, particularly...
May 13, 2024
Charles Lutwidge
Cannabis Accounting: Navigating Medical Marijuana Finances
The U.S. cannabis market is experiencing tremendous growth. According to experts, revenue in 2024 will be $42.98 billion. This growth is expected to continue at a CAGR of 2.89% from 2024 to 2029, resulting in revenue of $42.98 billion by...
May 07, 2024
Charles Lutwidge
Accounting for Churches: Everything You Need To Know
Church accounting involves the practice of financial records keeping and management specifically for religious organizations. Most churches belong to section 501(c)(3), which means they don’t have to pay federal income tax and can operate under nonprofit bookkeeping guidelines. Although these...
April 29, 2024
Charles Lutwidge
The Essentials of Bookkeeping for Consultants
Every consulting firm owner recognizes that maintaining an accurate client billing process and promptly collecting payments are crucial aspects of driving business success. Entrepreneurs aim to deliver exceptional consulting services and foster efficient bookkeeping practices. After all, it’s hard to...
April 22, 2024
Charles Lutwidge
Efficient Construction Cash Flow Management: Top Tips
The construction sector is associated with many risks and characteristics. The long operational cycle and the need for free capital are two traits of the construction industry. Usually, firms face financial problems that come from deficits, capital shortages, and negative...
April 19, 2024
Charles Lutwidge
Partnership accounting meaning
Businesses generally fall into three categories: sole proprietorships, corporations, and partnerships. It is essential to know that although there are fewer corporations than proprietorships or partnerships, they carry out at least ten times more operations than other business groups. Each structure...
