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Check Out Our Blogs: The Art of Accounting

01/20/2025

ERP vs CRM: What’s the Difference?

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08/01/2024

The Contribution Margin Income Statement: Everything You Need to Know

Of the many different financial statements professionals might deal with on any given day, one of critical importance is known as the contribution margin income statement. What makes this statement so important is its ability to show profit potential. It serves as a specialized document in financial analysis that strips down revenue into critical components […]

07/30/2024

How Smbs Are Turning To Finance Process Automation to Overcome Financial Challenges

Last year was challenging for small and medium-sized businesses (SMBs), and things aren’t shaping up to be much better this year. While the United States has avoided a recession, economic uncertainty, shifting market conditions, and difficulties accessing financing have seriously strained SMBs. Nearly half of them now cite inflation as a top operating obstacle.

07/25/2024

Cost of Goods Sold: What Is It and How to Calculate It

Businesses incur a range of expenses in the production of goods and services. These include direct material and labor costs that typically found within Cost of Goods Sold (COGS), as well as overhead costs not directly attributed to production.  In this article we’ll dive into what COGS is, what it tells us, and how to […]

07/23/2024

What Is an ERP Consultant and Do You Need One?

Enterprise Resource Planning (ERP) systems make business accounting feel like a breeze, but implementing them can sometimes prove challenging. According to statistics, at least half or more of ERP implementations fail to meet their objectives, which is why it’s so critical to onboard a seasoned ERP consultant to help your organization through the process.

07/18/2024

ERP Systems: Factors Enabling the Latest Composable Features

From the time they were first introduced in the 1960s, there have been many developments in enterprise resource planning systems. ERP systems are now more powerful and user-friendly than ever before. They are also far more flexible now to suit various industries’ unique demands.

07/16/2024

ERP and Accounting Software for Business: Differences Explained

The terms ERP systems and accounting software are typically used interchangeably as both platforms share similar features to manage business financial operations. However, they are not the same. Accounting software and ERP systems have some key differences that set them apart. Let’s dive into them and find out which accounting software for business is better […]

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