Febi.aiBlogs
How To Calculate Bad Debt Expense: A Guide
In the bustling world of business, especially for those who extend credit, bad debt expense is something you'll inevitably encounter. Think of it as the financial hiccup that comes from sales you’ve made on credit, but where customers don’t end up paying....
Tackling Entrepreneurial Challenges: Resilience and Adaptability in Business
Starting on an entrepreneurial journey is much similar to setting sail into uncharted waters. The path to building a successful business is filled with entrepreneurial challenges and uncountable hurdles that test the limits of one's resilience in business and adaptive...
How to Manage Complex Tax Regulations: Essential Compliance Strategies for Businesses
Managing complex tax regulations is a critical aspect of running a business. With multiple layers of rules and requirements, it’s easy for businesses to feel stressed. However, non-compliance can lead to severe financial penalties, legal issues, and reputational...
Top 5 Emerging Trends in Accounts Receivables for 2024
With continuous technological advancements, it is important to be aware about the recent trends in account receivables to gain a competitive edge in the business environment. From using artificial intelligence to integrating real-time payments, these emerging trends...
Accounting for Startups | Essential Financial Practices for New Age Entrepreneurs
1. Accepting Automation and AI in Startup Accounting Accounting for startups will still be powered by AI and automation in 2024. Automated accounting solutions offer real-time financial insights, simplify bookkeeping and lower manual error rates. With the enhanced...
2024 Trends in Accounts Payable You Need to Know
According to Institute of financial, operations and leadership 56% of respondents spend more than 10 hours per week processing invoices and administering supplier payments. Staying ahead of these challenges is critical for companies trying to improve their financial...
How to Achieve Real-Time Spend Visibility?
What is Spend Visibility? Spend visibility is the ability to see and understand your spending patterns clearly and promptly. It's like having a detailed map of your financial position, showing you exactly where every rupee is going. This insight is invaluable for...
Extending Your Startup Runway: Secret Strategies to Reduce Cash Burn
According to a research by Triterras around 29% of startups failed due to a cash crunch, even though their product or service did not lack market demand. That is why it is necessary to keep an eagle’s eye on the cash flow and burn rate. This will help you analyze and...
Calculating and Cutting Manual Invoice Processing Costs in 2024
In 2024, businesses are constantly looking for ways to optimize their operations and reduce costs. One area often overlooked is invoice processing. If your business is still handling invoices manually, you might be draining money without even realizing it. Manual...
Top 10 Account Payable KPIs Every Company Should Measure
Introduction It is crucial for a company’s Accounts Payable (AP) department to be efficient as it can significantly impact your company’s financial health. Measuring and optimizing key performance indicators (KPIs) for Accounts Payable is crucial for maintaining...
Mastering Accounts Payable Ageing Reports for Startups in 2024
Imagine your startup as a sleek, high-speed metro hurtling down the tracks of progress. To keep this on track, you need a strong system to manage your finances efficiently. One of the most crucial aspects of this financial management is handling your Accounts Payable...
10 Smart Approaches to Invoice Processing
Imagine a world where your invoices are processed smoothly, payments are always on time, and financial records are impeccable. Invoice processing, often seen as a tedious task, can become a well-oiled machine that enhances your business's efficiency and accuracy. By...
A Guide to Working Capital Management with AP & AR for Startups
In the dynamic realm of startups, where every penny counts, mastering the art of Working Capital Management can be the difference between thriving and merely surviving. Picture your startup as a bustling marketplace. Vendors need to be paid, customers need to be...
Startup’s Guide to Cash Flow Forecasting
Imagine navigating your startup's financial future with the precision of a seasoned sailor charting unknown waters. Cash flow forecasting is your compass, guiding you through the ebbs and flows of your business's finances. In the unpredictable sea of entrepreneurship,...
How Can a All-in-One Financial Platform Save Your Hours Every Month
Imagine this—instead of spending your productive hours with spreadsheets, digging through emails for invoices, or scrambling to prepare for tax season, you have all your financial tasks streamlined and automated. Sounds like an entrepreneur’s dream, right? With an...