The difference between payment and settlement is that payment uses a currency, fund transfers, or the barter of goods to pay an amount owed, while adjustments…
GDPR Compliance
Regulatory penalties for non-compliance with GDPR include damages incurred by the data subject, supervisory authority’s administrative fines, and possibly rep…
Manufacturing ERP Software
Current manufacturing ERP solutions are cloud-based with business intelligence and smart shop floor IoT sensors, and AI/machine learning features monitoring man…
What is EDI
EDI (electronic data interchange) works in minutes by using either a software system or an outsourced managed service to automatically send business documents a…
ACH Payment
ACH payments allow businesses to make electronic payments to vendors for products and services. Businesses can also leverage ACH payments to pay freelancers, en…
ACH Payment Processing
ACH payment processing works when ACH transfers go through a payment processor using either ACH credit or ACH debit. The ODFI in the ACH network is the Origin…
Odoo Alternatives
It collects a company’s shared transactional data from multiple sources and provides data integrity with a single source of truth. Odoo ERP is a popular platfor…
Microsoft ERP
Microsoft offers several ERP solutions to manage finance and accounting, supply chain, manufacturing, and other functional business processes with a single inte…
Advantages and Disadvantages Of Going Public
This article discusses the advantages and disadvantages of going public through an IPO from the company’s standpoint. It also addresses implications for the s…
How Big Should a Company Be to Go Public
A company should go public when it qualifies under one of the listing standards and meets other qualifications for initial listing of operating company shares o…
IPO Process
The IPO process will take enormous amounts of time, distract attention from running the business, possibly create conflicts, disclose company information public…
Going Public
Going public through an IPO or other method is an exit vehicle to raise capital and finance corporate growth and future M&A transactions. It may be lucrativ…
Spend Analysis
Part of spend analysis is grouping expenditures into direct and indirect spend categories. Direct spend is for product inventory and supplies used directly in m…
Who Gets a 1099
Payers are required to track payments with adequate bookkeeping during the year to later prepare information returns 1099-NEC and 1099-MISC. They should get W-9…
E-Invoicing
E-invoicing or electronic invoicing sends standard invoice data of trading partners from vendor system to customer system automatically. E-invoicing can transfo…
Vendor Risk Management
Software that automates vendor risk management tasks in real-time will help companies perform ongoing due diligence on vendors and suppliers to reduce business …
W-8ECI
The IRS Form W-8ECI specifies which foreign persons and organizations should not use Form W-8ECI and which type of IRS W-8 form they should use instead, if appl…
Procure-to-Pay
E-procurement software is being adopted by more and more forward-thinking businesses every year. But it’s vital that you keep a few best practices in mind wh…
Xero vs. QuickBooks
Our Xero accounting vs QuickBooks Online comparison will help you evaluate both invoicing and business accounting software solutions. As part of your accounting…
Encumbrance Accounting
Encumbrance entries are primarily recorded to monitor expenditures and to ensure that the allocated budget is not exceeded. Consequently, it ensures accounting …
E-Procurement
E-procurement is the sale of goods or services between businesses, businesses and consumers, and businesses and governments through the internet or other networ…
QuickBooks Online vs Desktop
QuickBooks Online and QuickBooks Desktop are two different Intuit accounting software products used by small businesses (beginning with startups and small busin…
Automated Clearing House Fees
An ACH transfer is an electronic bank payment transaction or money transfer from a bank account to another bank account. The Automated Clearing House and its fi…
Braintree vs PayPal
PayPal owns Braintree. Therefore, a choice of the Braintree vs PayPal payment platform is a win-win for PayPal. Online sellers and eCommerce merchants may use B…
