May 15, 2025
Charles Lutwidge
The Essentials of Bookkeeping for Consultants
Every consulting firm owner recognizes that maintaining an accurate client billing process and promptly collecting payments are crucial aspects of driving business success. Entrepreneurs aim to deliver exceptional consulting services and foster efficient bookkeeping practices. After all, it’s hard to...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
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...
May 05, 2025
Charles Lutwidge
Role of Artificial Intelligence (AI) in Accounts Payable Automation
Working with bills may seem tedious, especially during peak periods, including the month’s or year’s end. You need to process many transactions daily, monitor invoices, and ensure the accuracy of payments to counterparties. With such a workload, you are drowning...
April 28, 2025
Charles Lutwidge
What Is Multi-Entity Accounting?
Multi-entity accounting involves working with financial databases across multiple organizational groups and divisions. As firms develop, they often open branches to comply with laws, adapt to the regional business environment, and serve different markets. Of course, the more divisions an...
April 22, 2025
Charles Lutwidge
Benefits of AP Automation for Manufacturing Companies
In 2025, manufacturing operates in a constantly changing environment. Unstable interest rates and expenditures make long-term planning difficult, and changing consumer tastes complicate the situation. Challenges with logistics networks and shortages of raw materials make the situation worse. The search...
April 14, 2025
Charles Lutwidge
Automating AP Operations with AI Invoice Processing
Accounts payable (AP) has always been a core aspect of business operations. But in today’s digital world, requirements have grown. Vendors now demand quick payments, often with zero billing errors. To meet these new demands, many businesses have turned to...
April 09, 2025
Charles Lutwidge
How to Keep Records for Small Business?
The majority of business owners face bookkeeping issues. Moreover, small businesses often have to work with limited resources, which challenges entrepreneurs to handle finances and keep records of errors. Today, we’ll cover how to keep records for small businesses and...
April 07, 2025
Charles Lutwidge
What Is Invoice Matching?
Invoice matching, or purchase order matching, involves cross-checking invoices against related financial records. The primary goal? Ensuring everything aligns before processing a payment. In accounts payable, this step is essential—it verifies that vendor payments are accurate and properly recorded. Beyond...
