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Hotel accounting and business intelligence insights
Operator-first writing on revenue reconciliation, close engineering, payments, multi-entity finance and how AI actually works in the back office. 411 articles and counting.
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 th…
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.…
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, documenta…
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 d…
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 ac…
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…
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 –…
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…
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…
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 accountant…
How Automating Document Collection Brings Tax Time Relief
Tax accountants play the pivotal role of helping individuals and businesses file tax returns at local, state, and federal levels while ad…
Revenue Accounting – How to Increase Revenue for Multi-Location Businesses
Running a successful business can be a challenging undertaking for even the most experienced professionals. Managing revenues, recruiting…
Artificial Intelligence and Automation Work Together To Turbocharge Bookkeeping and Back Office Tasks
Although artificial intelligence (AI) is seemingly a recent phenomenon, its origins date back to the mid 20th century. In 1951, an AI-bas…
Revenue Accounting – How to Understand your POS Revenue Report
All companies have to generate revenue in order to be successful. Whether you’re a hotel, a restaurant, or a clothing store – revenue is…
What is Revenue Accounting and Why is it Important?
Earning cash and generating revenue is a fundamental aspect of doing business. Regardless of whether you’re selling hot dogs, clothing, o…
Is Accounting Automation Hard to Learn?
Recent advancements in artificial intelligence (AI) technology have caused people to wonder if machines could eventually replace human wo…
What are the Basics of Franchise Accounting?
As we previously discussed, franchising is a hybrid model that combines small business ownership with corporate oversight. The franchisor…
What is Franchise Accounting?
Franchises exist all around us, but you might not be aware of it. Whether you’re grabbing a sandwich at Subway, dropping off a package at…
Accounting Trends to Look Out for in 2023
The world of accounting has changed dramatically over the last few years. From the COVID-19 pandemic to an increasing focus on digitaliza…
How Can Accountants Automate Data Entry?
Accountants can spend over 10 hours a week performing manual data entry tasks – this adds up to more than 500 hours yearly. Whether they’…
Complex Multi-Location Expense Management Made Easy
Many people dream of building and scaling a successful company. However, expense management can be a challenge for owners with multiple l…
How Multi-Entity Financial Reporting Can Unlock Performance Insights
Managing multi-entity companies comes with inherent financial challenges. Each location, subsidiary, or operational entity has its own un…
How Will ChatGPT Affect the Future of Accountants and Bookkeepers in 2024
If you’ve been online or active on social media in the past few years, chances are ChatGPT needs no introduction. As a mainstay of Americ…
Continuous Reconciliation Makes Month-End Closing Faster & Easier
Accounting is the job that’s never finished. As a small business owner this means preparing tax returns, reporting financial data, and pe…