Sales tax compliance and reporting are a must for running a successful and legally compliant business. With varying tax rates, regulations, and requirements across different states and jurisdictions, staying on top of sales tax can seem like a never-ending challenge....
Financial statements are vital tools for businesses, investors, creditors, and other stakeholders to assess a company’s financial health and make informed decisions. In this article, I will explore the essential aspects of interpreting financial statements and...
Cash is the lifeblood of any organization, and an effective cash handling is crucial for securing financial stability. No matter your company size and industry type of your company, you need a way to manage your cash flow. In this article, I will explore the...
In a recent article we explored the power of outsourcing in Accounts receivables. But outsourcing apply in many areas. It allows organizations to tap into specialized expertise and resources while focusing on their core competencies. In this article, I explore the...
In a distribution operation, it is normal for the quantity of products purchased from a supplier, stored in the warehouse, and sold to customers to have different units of measure. In this article, I will explain what is units of measure, how they work, and how to set...
In today’s fast-paced world of modern business, staying competitive and efficient is crucial. One way to achieve this is by adopting an Enterprise Resource Planning (ERP) system. However, the implementation of an ERP frequently fails due to a poor ERP system...
