Category: Accounting

In the face of the ongoing digitization of the economy, an increasing number of business elements are undergoing transformation. In this dynamic environment, changes in accounting practices are particularly evident. A revolution in this area is being driven by the use of cloud computing technology, which opens up new possibilities for managing a company's finances…

Labor market dynamics and emerging challenges within new projects require ready solutions that can be implemented expediently, quickly, and without the additional costs usually related to a lengthy recruitment process. Today, the labor market can provide specific services that depend on particular tasks, projects, or investors. The most effective solution is outsourcing, or back-office partnership—…

Invoices and other pertinent tax papers must now include a two-dimensional bar code (QR code) and a unique document code ATCUD (Sequential Number Validation Code), according to the Portuguese tax authority (Autoridade Tributaria e Adueneira, or AT).

Nowadays accounts payable automation tools are becoming more and more popular and rightly so. After all they can increase efficiency of the AP process and in turn reduce time and money company has to spend on it.

Is it time for your company to conduct a thorough financial audit? Many entrepreneurs wrongly associate financial audits with something particularly unpleasant. In fact, examining the financial capacity of your company is a great chance to learn about your company’s strengths, plan next steps, and limit unnecessary expenses which may impede business growth. An accurate…

Automation is a word both intriguing and unnerving. Yet, no matter what feelings it evokes, one thing is clear – introducing new technologies in business provides promising opportunities. Such state-of-the-art solutions are no longer introduced solely in the manufacturing sector but also in the service sector, as well as accounting. Will the automation of accountants…

Because of numerous queries received concerning what a German invoice should look like and what it should include, we decided to draw up a set of guidelines on how to issue such documents correctly.

Many companies engaged in eCommerce conduct their business solely online. Maintaining Accurate and reliable accounting is crucial for all of them. We prepared specially designed accounting services for clients engaged in eCommerce via FBA; comprehensive accounting services for online marketplaces, taking into account the specific nature of online trade, and the individual needs of the…

More and more entrepreneurs decide to expand their businesses on international markets, which makes running them even more demanding on many levels, including accounting. Paying VAT, creating new branches, and cooperating with contractors are merely a few of the responsibilities of those who wish to run their business abroad or open to new market in…

Many organizations struggle to optimize processes related to spend. A major challenge is to process different types of spend in the right place. Policies and systems can direct spend to the process where it’s taken care of most efficiently.

Payments and invoices need approval and coding to ensure that they are paid and accounted for correctly. For best efficiency and the least errors it’s normally best to let master data settings steer coding.