Recent Posts
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Articles Expense ManagementIdentifying expense fraud in a hybrid work environment
The significant reduction in travel and expense (T&E) spend due to global travel restrictions has led CFOs and finance teams to expect minimal expense fraud. Fewer business trips and fewer expense reports equal fewer fraudulent claims—right? Unfortunately, this hasn't been the case. Recent research has concluded that there has been a 292%…
4 mins read
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Guides AccountingWhat is an audit?
Coined from the Latin word 'audire,' the term audit refers to the process of examining and evaluating your business's financial statements. During an audit, an auditor checks if the business's financial statements are up to date and devoid of any errors. A clean record reflects that your business is in…
5 mins read
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Guides Inventory ManagementWhat is Headless Commerce?
The ever-changing ecommerce landscape has arrived at yet another turning point—headless commerce. This emerging term is doing rounds across the ecommerce world, and it is the outcome of consumer behavior and expectations evolving at an alarming pace. Businesses need to deliver exceptional experiences consistently while also ensuring that they stay in…
3 mins read
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Guides Accounting
Audit trails: Everything you need to know
Trails are usually fun exploration activities, but that context completely shifts when it relates to audits on your financial documents. These audits involve going through multiple documents, locating every change made to each one, and preparing a detailed list of these changes to present during an audit. That's where a specific…
4 mins read
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Articles InvoicingManual invoicing vs invoicing software: Which is better?
New businesses may not have well-defined processes in place when they're just starting out, so it's common for them to do invoicing manually. Sometimes this means creating a paper invoice from scratch. It could also mean finding and downloading invoice templates for a word processor or spreadsheet program and manually…
6 mins read
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Articles BillingThe RBI’s new auto-debit rules – Here’s what you need to know
Subscribing for a service used to be easy. Businesses could auto-debit payments so customers wouldn't have to go through the hassle of remembering to pay at the end of every cycle. This was especially convenient since the business could ensure that they were paid on time, and the customer could…
3 mins read
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Guides InvoicingHow to create an invoice: A step-by-step guide
According to a report from Credit Research Foundation, on average, 61% of late payments are due to administrative problems such as incorrect invoices. A clear and accurate invoice goes a long way in sustaining your business as a successful entity. It reflects your professionalism and works as brand equity, helping…
4 mins read
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Guides InvoicingWhat is an invoice? | Definition, purpose, examples
An invoice is an itemized commercial document that records the products or services delivered to the customer, the total amount due, and the preferred payment method. The seller can send either paper or electronic invoices to the customer. The invoices can be paid in one go or in installments, depending…
5 mins read