Top 5 SMB Accounting Tasks You Can Automate with AI
The era of small businesses being at a disadvantage by not having access to technology or affordability is long gone! In fact, small and medium businesses (SMBs) are often considered to be target customers for many AI-powered accounting software companies. From bookkeeping to tax preparation, AI-powered software quickly performs a variety of SMB accounting tasks […]
3 Efficient Bookkeeping Tips for Small Business Owners
As a small business owner, you know accurate bookkeeping is vital to the success of your business. You are also intimately aware of how tedious and time-consuming these tasks are, not to mention the redundancy of bookkeeping tasks. The good news is, there are ways to make bookkeeping a quicker and more friendly process. Here […]
6 Bookkeeping Hacks That Every Small Business Owner Should Know
The Importance of Bookkeeping Bookkeeping is one of the most important aspects of running a business. It provides critical information that can be used to make sound decisions about where to allocate resources and how to grow the business. Taking advantage of a few tried and true bookkeeping hacks simplifies even the most complex and […]
How to Improve Accounting Processes and Procedures to Save Time
Accounting is a field of repetition with very few one-time events. Many accounting tasks should be completed on a daily or monthly basis. Some only require quarterly or annual attention but are nevertheless repetitive. Because so many redundant back-office accounting tasks are traditionally manual and time-consuming, it is important to evaluate your internal processes to […]
How Can AI Help You Save Money on Accounting Costs?
Artificial intelligence (AI) accounting software can save you money by automating bookkeeping practices, intelligent reporting, documentation, and categorization of data. While AI-powered software offers a host of money-saving benefits, some of the most predominant involve invoice management, tax preparation, and audit proofing. Invoice Management It’s no surprise that invoice management is a tedious task, especially […]
Benefits of AI-Based Bookkeeping for Small Business Owners
As small business owners know, time is limited and the work is plentiful. Fast-decision making is essential and access to key financial data from any time, anywhere is crucial. What if your financials were up-to-date, on-demand, and accessible from your phone? AI bookkeeping software does just that. How Does AI-Based Bookkeeping Benefit Small Business Owners? […]
5 Ways Artificial Intelligence Accounting Software Can Help Finance Teams Be More Proactive
5 Ways Artificial Intelligence Can Help Finance Teams Be More Proactive Incorporating automation and artificial intelligence into your accounting routine can lead to proactive management and better business decisions by making essential and mundane tasks more efficient. While there are countless ways that AI-powered accounting software can help accounting professionals manage the business and be […]
AI in Accounting: 3 Reasons Why Accountants Should Care About and Adopt AI Now
Now more than ever, accountants need to care about AI. We hear it in the news. Generative AI is disrupting a multitude of industries from education to entertainment – the jury is out as to whether that’s a good thing. AI’s positive impact on the accounting industry, however, is undeniable. By automating redundant back-office tasks, […]
What is Credit Card Reconciliation in Accounting
Company credit cards are now arguably the most popular way to pay for business expenses. Whether it’s a casual lunch or a business trip – most companies use credit cards as the preferred method of payment. As such, credit card reconciliation is becoming increasingly important for businesses across all industries. Credit card reconciliation compares transactions […]
What is the Difference Between Traditional and Automated Expense Management?
A business’ success is defined by their ability to sustain long-term profitability. For a business to be profitable, their revenues must outweigh their expenses. Generating revenue is one piece of the equation, however, managing expenses is equally as critical when it comes to establishing business success. Expense management controls, tracks, and processes employee expenses and […]
How Automating Journal Entries and Document Matching Brings Tax Time Relief
Benjamin Franklin once uttered the famous words, “Nothing is certain except death and taxes.” Over 200 years later, this sentiment still rings true. Tax accountants are the interpreters of the tax code, ensuring tax returns are filed correctly while adhering to local, state, and federal laws and regulations. January to April is the busiest time […]
How Automating Expense Categorization Brings Tax Time Relief
The date of April 15th means one thing to most people – tax season is here. Although this time of year can be challenging, tax accountants can help businesses and individuals correctly file their returns. One area many small business owners struggle with is classifying expenses. Improper coding of income and expenses can result in […]