Recent Posts
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Guides AccountingKenya VAT: All you need to know to stay VAT compliant
Among the taxes administered in Kenya, the value added tax (VAT) is one of the prime taxes impacting business owners. This guide will take you through the basics of Kenya VAT—from its rates to registration and returns—so you can stay compliant and carry your business forward with ease! VAT in Kenya…
5 mins read
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Guides Accounting
What is open banking?
Open banking is a practice that allows financial institutions to share customer data with third-party service providers via APIs (Application Programming Interfaces), once the customer provides consent. By leveraging customer information from banks in a secure and standardized manner, the financial service providers score an opportunity to innovate suitable APIs for customers to…
4 mins read
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Articles Expense Management5 Essential Purchase Order Management Best Practices
Purchase orders are a pivotal part of procurement. They formalize orders and pricing, add structure to the purchasing process, and serve as legally binding documentation of a sale. A streamlined purchase order system keeps the purchasing process running smoothly, ensures successful transactions, and supports a healthy supply chain for your organization. However,…
4 mins read
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Articles Expense ManagementWhat is mileage reimbursement?
In many careers, business travel is important and is often a requirement. To ease the burden, some organizations provide employees with company vehicles (which can be an expensive perk), or reimburse a set amount for every mile employees drive in their own vehicles. The latter is called mileage reimbursement, and it…
6 mins read
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Guides InvoicingWhat is an invoice number? | Zoho Invoice
The importance of keeping your financial documents organized can't be overstated. As a business owner, you probably already know that a well-organized invoice system will not only help you with payment collection but also help you keep track of your finances and simplify your auditing and tax filing processes. But…
6 mins read
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Guides InvoicingHow to handle overdue invoices?
Your business managed to land a good number of clients this month, and the sales figures look promising. You’ve completed your work items, delivered them on time, sent the invoices, and sighed in relief with a sense of achievement. Everything looks great on paper. But when the payment deadline flies by…
6 mins read
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Articles Expense ManagementThe complete guide to business travel insurance
Mr. Klein does not hit ‘snooze’ on his alarm this morning. It’s time to pack his bags and head to a much-awaited international trade conference that had been postponed for two years due to the pandemic. As he grabs a cup of coffee on his way to the airport, he…
6 mins read
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Articles Expense ManagementHow to control expense fraud in a hybrid work environment
Previously, we discussed fraud detection and management in a hybrid working environment. We dove deep into expense fraud and spend violations during remote work and explained the different types of prevalent expense fraud. This article will walk you through the different tactics your finance team can employ to control fraud risks…
3 mins read