Recent Posts
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Guides AccountingWhat is Bank Reconciliation?
Bank reconciliation is the process by which a business compares its financial accounts with its bank statement to ensure all money going in and out of the business is reflected accurately in both places. In most cases, a bank reconciliation statement is generated to compare these records and make adjustments…
5 mins read
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Guides Accounting
A Complete Guide to Accounts Receivable (AR) Aging Reports
An accounts receivable (AR) aging report organizes all your unpaid customer invoices based on how long they have been outstanding. The report is usually divided into intervals such as 0-15 days, 15-30 days, 30-45 days, and more than 45 days. Monitoring receivables with this report helps business owners identify why…
4 mins read
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Guides Accounting
What is a cash flow forecast?
Cash flow forecasting is a way of predicting a business's financial position by estimating the amount of money that is expected to flow in and out of the business. At a basic level, a cash flow forecast can tell you if your business has negative or positive cash flow at…
6 mins read
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Articles Expense ManagementPhysician Payments Sunshine Act compliance: Everything you need to know
The introduction of the Physician Payment Sunshine Act was the beginning of a new chapter for the relationship between companies in the pharmaceutical, biotech, and medical devices sector, and physicians and teaching hospitals in the US. The Act was designed to provide visibility into the financial relationships between these two…
6 mins read
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Articles AccountingFrom Negative to Positive: How to Improve Your Cash Flow
What's more important than profits? Cash. Your profit margins can change at any time, but your cash flow determines your business's current and future health. Cash flow is the money that flows in and out of your business, and is a crucial indicator of its financial health. Any business may…
8 mins read
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Articles Inventory ManagementSwitch to Cloud-based Warehouse Management with Zoho Inventory
Warehouse management consists of organizing, managing, and monitoring all the operations that occur in a warehouse, so that everything runs smoothly. As businesses grow, they may have trouble managing their warehouse manually because they typically deal with more inventory, equipment, space, and usually more number of warehouses. It's around this…
3 mins read
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Articles Inventory Management5 Questions to Help You Find the Right Warehouse Management System
Warehouse management systems, or WMS, are software that simplify the way businesses manage and track their daily warehouse processes and operations. The basic functionalities of a WMS include monitoring inventory from any location, suggesting optimized inventory layouts and arrangements, managing incoming and outgoing orders, and checking up on the warehouse's…
5 mins read
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Articles AccountingHere are the top 7 cash flow mistakes that can cripple your small business
All businesses run on cash. Managing money is an essential skill that all business owners should hone as the business progresses in its lifecycle. Small business owners are often caught in a bundle of activities aimed towards business growth, with very little time or money to assign resources towards monitoring their…
7 mins read