Financial Operations Hub

You want to integrate as seamlessly as possible with existing accounting and ERP systems. However there are many key steps along the supplier payment process that still require significant manual effort beyond sending out payment instructions to the transfer API for bank, ACH, and wire services.

The accounting equation is a formula computed as total Assets = Liabilities + Equity. The basic accounting equation originates with double-entry bookkeeping. It ensures that the accounting books are in balance. The source of a company’s accounting equation numbers is its balance sheet. Equity can be Shareholders’ Equity, Stockholders’ Equity, or Owner’s Equity. 

In this article, we will look at the benefits of business process outsourcing, discuss the best practices for selecting an external provider, and examine what sort of issues can arise during the implementation of an outsourcing contract.

This guide provides an overview of ICFR meaning and objectives, internal control, ICFR requirements for public companies, and links to other helpful ICFR resources. If your company has the growth potential for going public, you’ll be ready to meet ICFR requirements.

The acid test ratio is a more stringent financial ratio than the current ratio. Acid test ratio doesn’t include inventory and prepaid assets in the numerator, as does the current ratio.