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...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
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...
April 03, 2025
Charles Lutwidge
Key Differences Between Accounts Payable and Notes Payable
Businesses have multiple ways to borrow money. Some companies receive goods or services on credit, promising to pay the invoice within 30–60 days. Others take out loans from banks or financial institutions, repaying the principal plus interest over time. While...
April 02, 2025
Charles Lutwidge
What Is a Performance Budget?
Managing business finances becomes a major obstacle for many entrepreneurs. Without a structured approach, it’s easy to overspend in some areas while underinvesting in others. This is where a performance budget comes in, as it is a strategic instrument that...
March 24, 2025
Charles Lutwidge
How Cost Control Can Help Businesses Reduce Their Expenses?
Every dollar your business spends should serve a purpose. Yet, many companies lose money through inefficiencies, outdated processes, and unnecessary expenses. That is why you should master cost control to make smarter financial decisions that fuel long-term growth. When done...
