July 14, 2025
Charles Lutwidge
Business Travel Expense Reimbursement Explained
Travel expense reimbursement is often seen as a matter of collecting receipts, but forward-thinking business owners and finance teams know it starts with building a clear system that supports the traveler and the back-office staff. When employees travel to meet...
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July 07, 2025
Charles Lutwidge
What Are Trade Payables?
Any growing company benefits from strong relationships with counterparties, and trade payables are an important part of the strategy. These are short-term commitments to your counterparties. Partners ship you the desired materials and commodities, and you must pay within a...
June 30, 2025
Charles Lutwidge
What is Statutory Reporting in Accounting?
Statutory reporting means preparing and submitting statutory financial statements required by law to government authorities, tax offices, or regulators. They must follow specific accounting standards and be accurate, timely, and complete. It’s not just about compliance. It shows the world...
June 23, 2025
Charles Lutwidge
What is Blockchain in Accounting?
You’ve probably heard about blockchain’s role in cryptocurrency, but its applications go far beyond digital coins. Blockchain allows for secure and transparent transactions involving property rights, contracts, and financial obligations. When paired with artificial intelligence (AI), distributed ledger technology can...
June 16, 2025
Charles Lutwidge
What is Automated Spend Analysis?
In today’s competitive, fast-paced world, you have seconds to grasp the chance or prevent a danger that could change the course of the firm. You need reliable information that gives you a clear view of the situation so you may...
June 10, 2025
Charles Lutwidge
What is EBITDA and Why is It Important?
Interpreting a company’s performance can feel like navigating a maze for business owners. Focusing on specific metrics can sometimes hide the bigger picture of overall financial health. However, some tools offer a remarkably clear and insightful understanding. EBITDA is an...
June 02, 2025
Charles Lutwidge
What is the Cash Conversion Cycle (CCC)?
Cash Conversion Cycle (CCC) makes or breaks the business’s success. It is an illustration of how effectively your business transforms investments into actual money in the bank account. When you put money into inventory or services, there’s a natural flow...
May 26, 2025
Charles Lutwidge
Tips to Prevent Duplicate Payments
The accounts payable (AP) team handles a high volume of financial transactions and administrative tasks daily. Its responsibilities include processing invoices, managing expense reports, maintaining accurate financial records, and more. Many of these tasks are repetitive and routine, especially when...
