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...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
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...
May 19, 2025
Charles Lutwidge
What is Accounts Receivable in Healthcare?
Getting paid in healthcare isn’t always simple. The billing process can quickly become messy between insurance companies, patient responsibilities, and shifting regulations. That’s where accounts receivable in healthcare come in. It organizes and oversees billing timelines, balances due, and collection...
May 14, 2025
Charles Lutwidge
What are Accrued Expenses?
Sometimes, businesses have not yet paid or earned money but already have income and expenditures in their balance sheets. Suppose a firm pays utility bills for June in July or ships items to contractors in November, but the cash does...
