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There is no doubt that technological advances can support the business to improve and gain competitive advantages in the market and law...

According to the IRS, it is a must that all businesses keep basic financial records in order to track gross receipts, purchases,...

There is some steps business owner can take to minimize the risk of getting your tax returns flagged by the IRS for manual processing — a...

For every small business owner, cutting down costs to optimize profit is a complicated decision. Because cutting costs sometimes might...

The Profit & Loss statement or P&L is an account compiled to show a business’s revenue, expenses, and net income over a given period of...

Why Would You Need to Do a Bank Reconciliation Monthly? Bank Reconciliation

The ability to effectively manage your account receivables (AR) is a prerequisite for running a successful business. It is unfortunate...

In the construction industry, the value of correct accounts payable and other accounting records cannot be underestimated. These expenses...

As a result of an inefficient AP process, companies may accumulate late payment fees, make duplicative payments, or fail to pay invoices...

It's crucial to consider the source of cost overruns in building projects before figuring out how to deal with them.

Since the COVID-19 pandemic happened, businesses all over the world have experienced a lot. Appropriate accounts receivable management becom

This article highlights critical accounting challenges that lead lawyers to lose financial control in law practices , emphasizing the...