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Blog

01/20/2025

ERP vs CRM: What’s the Difference?

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Financial Reporting

06/13/2024

6 Primary Objectives of Financial Reporting

When spending precious time and resources on financial reporting, you want to be sure you’re fulfilling its primary objectives. After all, thoroughly examining financial reporting objectives is pivotal to better understanding the full scope and importance of detailed and precise reports. 
AI in Finance

06/11/2024

AI In Finance: What CFOs Are Saying

Deloitte recently published its third-quarter 2023 North American CFO Signals Survey, and a significant portion of the survey pertains to the use of AI in finance.  Among the many insights the survey offers, many CFOs express interest in the applications and merits of Generative Artificial Intelligence (GenAI). About 42% of these CFOs have already experimented […]
Cloud ERP Software

06/06/2024

Cloud ERP Software: Top Solutions & Benefits

If you decide to move your business to a new cloud ERP software or adopt this option for the first time, understanding precisely what it brings to the table is a crucial first step. Without knowing what benefits to expect, you may miss the opportunity to improve your business operations and gain a competitive advantage.
project accounting principles

05/30/2024

Project Accounting Principles, Processes, and Solutions

Project accounting is a unique type of accounting that drills down into the financial details of individual projects. Unlike traditional accounting methodologies, which monitor financial outcomes at a broader company level, project accounting zeroes in on the specific revenues, expenses, and profitability of individual projects. 
Inventory Turnover Ratio

05/21/2024

Inventory Turnover Ratio: Everything You Need to Know

Businesses that don’t understand accounting are destined to fail. That’s especially true for those who carry an inventory. Mismanaging inventory and cash flow are two sides of the same coin. Keeping a poor inventory could lead to issues with your business liquidity, like tying up excess capital to inventory or missing out on sales opportunities […]
consigned inventory

05/16/2024

Consigned Inventory: Definition, Accounting, and Advantages

Supply chain management is integral to running a successful business that sells products. In fact, it’s virtually impossible to succeed in the long run without appropriately managing inventory. One such inventory management strategy to consider is consigned inventory, which we’ll discuss in detail today.  This post will discuss consigned inventory, explore consignment inventory arrangements, and […]
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