The Pros & Cons of QuickBooks Online vs Desktop

Plus, it’s the only one that integrates with Zapier, enabling you to seamlessly link your accounting management to the rest of your business’s tools. QuickBooks Online is simply easier to learn, provides a detailed onboarding process, and is very intuitive. QuickBooks Online is optimized to be as user-friendly as possible and very easy to navigate. The side menu categorizes features … Read More

Consolidated Financial Statements: Requirements and Examples

Otherwise, a key step could be missed, which would throw off the financial statement results. This is especially important when there there are few automated consolidation steps, which is most likely when each entity involved in the process is using a separate accounting software system. At FA/FFA level, it is assumed that control exists if the parent company has more … Read More

Cash Flow Statement: Analyzing Cash Flow From Financing Activities

Financing activities show how a company funds its operations and expansions externally. For example, a company that pays for its own plant expansion doesn’t need financing. Thus, no financing activities exist because equity and liability accounts are unchanged by the expansion. Any moderation in the cash position of a company that involves fixed assets, investments in securities, mergers, and acquisitions … Read More

Improved Bill Processing and Payment Workflows: How to Approach Finance Automation in the Digital Age

Easily request funds, set budgets, and track spend using free software combined with The BILL Divvy Corporate Card² by Visa. Create professional invoices RPA and AI enable the integration of various payment systems, analytics, and messaging platforms to create a more cohesive and efficient payment ecosystem. By visualizing data from one central source of truth, finance and accounting departments can improve … Read More