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5 Key Trends Redefining Multi-Entity Accounting

Top 5 Trends And Innovations In The Us Multi Entity Accounting In 2024

For a long time, when someone thought of accounting, images of bulky paper files, time-consuming manual processes, laborious tasks, and mind-boggling numbers would come to mind. This traditional accounting approach adds billions of dollars to operational costs and slows company growth. However, the influx of AI-powered accounting automation solutions has permanently turned the accounting industry […]

4 Tax Credits Every Multi-Entity Business Should Know About

4 Tax Credits Every Multi Entity Business Should Know About

The success of American businesses has been nothing short of a miracle. US firms account for 24.4% of companies on the Fortune 500 list,  with half listed on Fortune’s Top 10 and over 30.5% of the Forbes 2000 list. Ever wondered what the ‘secret sauce’ is behind the complete dominance of US corporations on the […]

Why the Integral Role of ChatGPT in Accounting Cannot Be Ruled Out

Why The Integral Role Of Chatgpt In Accounting Cannot Be Ruled Out

The rise of ChatGPT in accounting has taken the world by storm. This revolutionary app has streamlined most manual processes and emerged as a powerful tool to transform the accounting and finance sector. However, another school of thought fears that implementing AI-powered applications like ChatGPT in the accounting process will replace humans. The initial fear […]

Cash vs. Accrual Accounting – What Suits Your Business Best?

Cash Vs. Accrual Accounting – What Suits Your Business Best

As the renowned author, Auliq Ice rightly said, “Not making the right decision means forgoing an opportunity.” In today’s ever-evolving financial and accounting landscape, a business’s decisions and choices determine its long-term success. One such decision is choosing the right accounting system.  Two fundamental and most prevalent accounting methods businesses widely use are cash accounting […]

The Perils of Neglecting ChatGPT in Accounting Processes

The Perils Of Neglecting Chatgpt In Accounting Processes

In the ever-evolving landscape of technology, accounting professionals find themselves on the brink of a transformative era. Despite significant strides made by artificial intelligence in the last decade, hesitation has always persisted in the minds of accountants about implementing ChatGPT into existing accounting procedures and practices. In this blog, we will dive deep into why […]