Xledger

10/29/2024

What is a Financial Report?

Every company, whether large or small, relies on sound accounting practices for success, and financial reporting plays a critical role in this process. At the core of every financial reporting process, there is a financial report. But what is a financial report exactly? And what information is included? Let’s take a closer look.

10/24/2024

What Is Procurement? A Comprehensive Guide

As organizations scale, it quickly becomes evident how critical it is to have strong processes in place that ensure healthy financial practices and standardization across the organization. Without proper standard procedures in place, particularly on the financial side, organizations can quickly spiral out of control which can lead to serious problems. At the core of […]

10/17/2024

How to Choose the Right Business Intelligence (BI) Tools for Finance

Implementing a BI tool for finance is not an initiative an organization can simply perform overnight. It takes planning, training, and a substantial investment of funds and resources. As a result, the responsibility of choosing the right BI tool can weigh heavily on CFOs’ shoulders. But with so many options available, how can CFOs ensure […]

10/15/2024

Best Accounting Software for Lean Startups

By operating outside the boundaries of convention, lean startups can quickly pivot and remain agile, giving them a competitive edge that most traditional enterprises cannot match. However, to remain flexible, they need processes and software that support their methodology. That’s particularly true when it comes to their finances. Having the right accounting software to keep […]

10/10/2024

What Is a Journal Entry in Accounting? A Guide With Examples

What gets measured gets improved—and when it comes to finances, this is especially true. Having a thorough understanding of your financial health is essential to making the right decisions, and none of it would be possible without sound bookkeeping. At the heart of this process are journal entries in accounting, which serve as the fundamental […]

09/19/2024

What is General Ledger Accounting Software?

Accounting software is crucial for financial planning and tracking in your business. But is general ledger software right for you? You will find everything you need to know to make your decision in this comprehensive blog.

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Accounts Payable vs Accounts Receivable: How Are They Different?