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1. What is Accounting Compliance? Accounting compliance refers to following legal, tax, and financial reporting rules set by authorities. It involves accurate bookkeeping, timely tax filings, and reporting financial activities according to government standards. For...
In today’s fast-paced world, managing your books and keeping up with changing regulations can be difficult and stressful, especially for small businesses. Luckily, the sudden rise of AI tools for finance is making it easier than ever to automate boring tasks, stay...
The real estate sector is not an exception to the profound influence of technology on various industries in the contemporary world. Accounting, a critical component of real estate, is presently experiencing a transformation due to the emergence of innovative...
If you have been actively following the trends, you’d notice that in recent times there has been a constant evolution of technologies in accounting, catalysing advancements in the field of accounting and finance. Advancements like Machine learning, blockchain,...
The world of business is rapidly changing, and so is the way we handle finances. Managing accounting using endless spreadsheets, manual reconciliations, and piles of receipts cluttering desks—a thing of the past. Accounting software have proved themselves as a...
In a world where cyber threats grow more sophisticated by the day, data security in accounting software has become one of the top concerns for businesses and accounting professionals. Whether you’re a small business owner or an accountant managing a large portfolio of...
AI has been a buzz word in 2024 and it is sure to create more hype and demand in 2025 and coming times. From 1,000 transactions monthly to million transaction companies like Amazon or Myntra, enter the records in their books of accounts. This makes data entry the...
Did you know that over 80% of businesses will adapt robust AI ethics policies by 2025? 75% of them shall have transitioned away from the usual monthly or quarterly close. And more than 70% of businesses will use real-time data to base their financial decisions and...
If planning and strategy are the brain of a business, bookkeeping can be considered the heart of its finances. Just like a steady heartbeat keeps a body alive, accurate cloud-based bookkeeping ensures your business stays financially healthy and prepared for whatever...