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What is Accounts Payable Automation? How to Automate AP

accounting automation offers significant potential to streamline routine finance and accounting tasks for freelancers and small businesses. By integrating automation technologies into existing systems, companies can optimize repetitive processes to boost accuracy and efficiency. This allows finance teams to focus their efforts on more strategic initiatives. Automation of the accounting process enables the finance team to reimagine accounting […]

Types of Corporate Synergies Examples in Business

For examples of how team leads set group norms, read our article on tips to create group norms for high-performance teams, with examples from 7 Asana managers. Like so many other business buzzwords, synergy has been used so frequently that it doesn’t always pack the punch it used to. But every word has a purpose […]

Indenture Types & Examples Advantages & Disadvantages

The agreement mentions that XYZ Inc. would maintain a debt-equity ratio of 2.0x throughout the tenure of the loan, and any breach would trigger the event. Therefore, the borrower (XYZ Inc.) and the lender (ABC Bank) agreed upon this condition of maintaining the debt-equity ratio above 2.0x. XYZ Inc. is obliged to maintain the ratio […]

How To Start a Dropshipping Business: 9-Step Guide 2024

Dropshipping is a type of retail fulfillment business that outsources production, warehousing and shipping to a third-party supplier. If you dropship some or all of your products, you don’t stock or fulfill those items yourself. Instead, when you receive customer orders, you route them directly to manufacturers or wholesalers for direct shipment to customers. You […]

Retail Shoppers Pay by Debit Card in Stores but by Credit Online

If another transaction involves payment of $500 in cash, the journal entry would have a credit to the cash account of $500 because cash is being reduced. In effect, a debit increases an expense account in the income statement, and a credit decreases it. So, the five types of accounts are used to record business […]

Bookkeeping Services, Small Business Accounting, Bookkeeper- New York, NY

You’re not actually making or losing any money—it’s just in a new place. Liabilities refer to money you owe that will leave your business and get paid to another party at a future date. Every transaction you make needs to be categorized and entered into your books. Most accounting software today is based on double-entry […]

Book Value Per Share BVPS: Definition, Formula, How To Calculate, And Example

Market values shot high above book valuations and common sense during the 1920s and the dotcom bubble. Market values for many companies actually fell below their book valuations following the stock market crash of 1929 and during the inflation of the 1970s. Relying solely on market value may not be the best method to assess […]

Indianapolis CPA Firm Personal and Business Tax Services

London Witte LLP is an Indianapolis-based CPA and consulting company composed of professional accountants with hundreds of years of accounting experience. The team provides a comprehensive range of accounting and financial consulting services to individuals, owner-managed businesses, and big corporations. Some of the personal and business services they offer include accounting, management consulting, tax planning, […]